Dubai unveils world's tallest tower

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worldstallestbuilding.jpgAssociated PressThe Burj Dubai, the world's tallest building, in Dubai, United Arab Emirates, on the official opening of the building today.

DUBAI, United Arab Emirates -- Dubai has renamed its new skyscraper, the tallest in the world, the Burj Khalifa, state news agency WAM reported, in a surprise move apparently intended to honor the United Arab Emirates' president.

A multimedia presentation witnessed by Dubai's ruler and thousands of onlookers at the base of the tower said the building was 828 meters, or 2717 feet, tall.

Dubai is opening the tower in the midst of a deep financial crisis. Its oil rich neighbor and UAE capital Abu Dhabi has pumped billions of dollars in bailout funds into the emirate as it struggles to pay its debts.

Sheik Khalifa bin Zayed Al Nahyan is the ruler of Abu Dhabi and serves as the UAE federation's president.

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