Dubai Skyscraper Construction Stopped

Nakheel,a state-owned developer in the United Arab Emirates,has halted construction on a tower that is slated to become the world's tallest.The Dubai project is feeling the weight of the financial crisis,and is suspended for a year.A decline in real estate prices is pressuring banks in the U.A.E.,and the cratering of oil revenue is crimping business activity across the Middle East.So far,the building has reached more than 160 stories,and a height of 2559 feet,or 779.98 meters.Nakheel declines to reveal the skyscraper's ultimate height,which is a point of pride for Dubai,the U.A.E. financial centre.