Abyaar Real Estate Development Company to Sell Property Project in UAE

Abyaar in talks to sell part of UAE project
Trade Arabia - Manama, Bahrain
Kuwait's Abyaar Real Estate Development Company said on Sunday it was discussing selling a property project in the UAE with an unidentified investor. ...

Ras Al Khaimah - Solanki Holdings Announces Dhs12bn

Solanki Holdings & Investments Ltd announces Dhs12bn worth of investment in Ras Al Khaimah
AME Info - United Arab Emirates
Solanki Holdings, a UAE-based conglomerate, has announced its newest company, Solanki Real Estate, which has planned an investment of Dhs12bn in the sector. ...

Morgan Stanley Cuts Jobs in Dubai

Morgan Stanley Cuts Staff by 15% at Its Dubai Regional Office
Bloomberg

Nov. 30 (Bloomberg) -- Morgan Stanley reduced its workforce by as much as 15 percent at its regional hub in the Dubai International Financial Centre. The bank cut 10 to 15 jobs last week from more than 110 at its office, Georges Makhoul , Morgan Stanley's managing director for the Middle East and North Africa, said in an e-mailed response to questions from Bloomberg News. ...

Bahrain's First $1 Billion Monorail Line may Run from Muharraq to Alba

$1bn rail line awaits signal
Gulf Daily News - Manama, Bahrain
BAHRAIN's first monorail line could run from Muharraq and pass through Manama, Seef, and Isa Town before ending at Alba.

It is the first of four proposed lines and is expected to cost $1 billion (BD378 million) to build, at $50m per kilometre. ...

New Products at INDEX 2008 Dubai International Exhibition Center from 3rd - 7th December 2008

DORMA to Showcase New Product Range at INDEX 2008
Zawya - United Arab Emirates
Dubai, UAE 30^th November 2008: World-leading door systems and technology specialist DORMA is to showcase an entirely new product range covering exceptional design and modern technologies at INDEX 2008 taking place at Dubai International Exhibition Center from 3^rd - 7^th December 2008. ...

Nakheel Cuts 500 Jobs

RPT-WRAPUP 1-Dubai's Palm builder cuts jobs, luxury defaults up
Reuters - USA
DUBAI, Nov 30 (Reuters) - Dubai government-owned company Nakheel, developer of the man-made Palm Islands, said on Sunday it had cut 500 jobs, the starkest sign yet that the end of the Gulf hub's property boom could hit the whole economy. ...

Twenty-four New Tourism Projects are in Pipeline in Asir Region

KSA: 24 New Tourism Projects Coming Up In Asir
Zawya

ABHA - Twenty-four new tourism projects are in pipeline in Asir Region. These projects are to be launched in the middle of next year, Prince Faisal Bin Khaled Bin Abdul Aziz, Emir of Asir, said here Friday. ...

Pearl-Qatar Defies World Real Estate Trends by Signing $150 Million Deal

The Pearl-Qatar, Retaj Sign $150M Deal
Zawya

The Pearl-Qatar has once again defied world trends by signing a QR550 million ($150 million) deal with a leading property company for the sale of a precinct in the Island's Qanat Quartier. ...

Emaar Properties Highlighting World-class Design in Egypt.

Emaar Misr highlights 'ready to live in homes' as lifestyle ...
AME Info - United Arab Emirates
Emaar Misr for Development, the wholly-owned subsidiary of global property developer Emaar Properties, is highlighting the world-class design, development and execution of its residential projects at Le Marche, the country's premier interior design and furniture exhibition. ...

Dubai Continues to Build Despite Global Crisis

Dubai vows to keep building despite global crisis
Telegraph.co.uk - United Kingdom
He does not know it, but Babu Sassi, a fearless young man from Kerala in southern India, is the cult hero of Dubai's army of construction workers.

Known as the "Indian on top of the world", Mr Sassi is the crane operator at the tallest building on earth – the 819m Burj Dubai. ...

UAE Turning Towards Russia Amid Current Global Financial Crisis

Russians pick up the slack in UAE investments
The National

DUBAI // The UAE is turning towards Russia to maintain a level of economic stability through investments as other nations are unable to contribute amid the current global financial crisis. ...

Arendt & Medernach Expands to Dubai

Arendt & Medernach opens representative office in Dubai
AME Info
This week Arendt & Medernach, one of the largest law firms in Luxembourg, following similar expansions in Brussels, New York and London, opened a new office in Dubai within the Dubai International Financial Centre (DIFC). ...

Dubai's First Modern Art Museum in ME a Dh50 Billion Landmark

Dubai Creek to Have Dh50 Billion First Modern Art Museum in ME
Khaleej Times - Dubai, United Arab Emirates
DUBAI — Dubai Creek will have the region's first Museum of Middle East Modern Art (MOMEMA) by 2011. A Dh50 billion Dubai Properties' landmark project will cover an area of 25,000 sqm and serve as a hub of multicultural understanding and a tourist destination. ...

Saudi Real Estate to Boom Next Four Years

Saudi Real Estate Market Set to Record Big Growth
Trading Markets (press release) - Los Angeles, CA, USA
...The Saudi Arabian real estate market is set to grow significantly over the next four years, according to a new report from Jones Lang LaSalle (JLL), a leading international real estate investment and advisory firm, which opened offices in Riyadh and Jeddah on Tuesday. ...

Massive Dhs 2.67 Billion Education Park in Ras Al-Khaimah

UAE: Education Mega-Park Planned

Gulfnews

Ras Al Khaimah: The emirate plans to invest Dh3.67 billion to create a massive education park.

The park will cover five million cubic metres and will eventually accommodate international academies and colleges presently signed up in the Free Trade Zone. ...

Mubadala Development Company and Dubal to Build $5 Billion Aluminium Smelter

UAE firms sign $5bn Saudi smelter deal
ArabianBusiness.com

Emirati firms Mubadala Development Company and Dubal signed a memorandum of understanding on Wednesday to build an aluminium smelter for more than $5 billion, the companies announced.
The agreement on the 700,000 tonnes a year smelter was signed with Saudi Arabian General Investment Authority and the joint investment firm Emaar Economic City, they said. ...

Dubai may Hire International Banks to Cope with Credit Crisis

Dubai May Pick Banks to Advise on Credit Crunch, Official Says
Bloomberg
Nov. 27 (Bloomberg) -- Dubai may hire one or more international banks to give advice on how to cope with the credit crisis, a government official said.

Talks have focused on Dubai's specific needs and "how these banks have been assisting some other governments around the world,"...

Troubled $4 Billion Amazulu World Project in South Africa

New protest over Ruwaad's $4bn South African plan
ArabianBusiness.com - Dubai, Umm al Qaiwain, United Arab Emirates
Dubai-based developer Ruwaad has been warned to prepare for major disruption to construction work if it goes ahead with its propsed $4 billion Amazulu World project in South Africa. ...

Shanghai Planning to Build Tallest Building

Shanghai defies slump with tallest building plan
Reuters - USA
SHANGHAI, Nov 27 (Reuters) - Three months after opening the world's second tallest skyscraper, Shanghai is about to start construction of an even taller building, defying an economic slowdown and slumping property values across the country.

Work on the 632-metre (2,073-foot) Shanghai Tower, expected to cost $2.2 billion, will begin in the city's Lujiazui financial district on Saturday and is expected to be completed in 2014, developers said on Thursday. ...

Siemens AG Won Supply of Two Electric Substations to DEWA (Dubai) Worth 200 Millions

Siemens signs euro200M Dubai transformer deal
Assosiated Press
Industrial conglomerate Siemens AG said Thursday it has signed a euro200 million ($258 million) deal to supply two electric transformer substations to the Dubai Electricity and Water Authority. ...

 

Summary About Siemens AG:

Siemens AG (Siemens) is engaged in electronics and electrical engineering. The Company's operations include designing, manufacturing, marketing, selling and servicing products and systems. The Company's segments include its Groups, Financing and Real Estate business, as well as its Strategic Equity Investments. Click here to visit Siemens AG website.

Emaar Properties and Bali Tourism Development Corporation - $600 Million Project

Emaar's $600M Bali Venture Operational by 2010
Zawya

The Dh2.2 billion ($600 million) mega-tourism development venture between Dubai's Emaar Properties and Bali Tourism Development Corporation in Indonesia's Lombok Island is now underway and is expected to be operational by 2010

Abu Dhabi National Energy Company to Eyes a Coal-based Power Plant in Pakistan.

UAE firm wants to set up coal-based power plant
Pakistan Dawn - Karachi, Pakistan
ABU DHABI, Nov 25: The Abu Dhabi National Energy Company has expressed interest in setting up a coal-based power plant in Pakistan.
The company's vice-president, Mr Abdullah Khunji, called on President Asif Ali Zardari here on Tuesday and indicated willingness to invest in power sector.
The president assured him of government's full support and cooperation. ...

Hypo Real Estate Holding AG Debt Guarantee Boosts German Stocks

German Stocks Rise, Led by Banks; ThyssenKrupp Shares Advance
Bloomberg - USA
24 (Bloomberg) -- German stocks gained the most in almost four weeks after Hypo Real Estate Holding AG received a 20 billion-euro ($25 billion) debt guarantee from the government, boosting investor confidence, and U.S. lawmakers pledged to pass a economic stimulus package by January. ...

Abdallah Hageali Al-Maabar New CEO

Al Maabar International announces new CEO
AME Info - United Arab Emirates
Al Maabar, a leading Abu Dhabi-based international investment company, has announced the appointment of Mr. Abdallah Hageali as its new CEO. ...

Dubai International Capital (DIC) Urged Gulf Arab Investors to Seize Bargains

Crisis buys would boost Gulf Arab influence -DIC
Reuters - USA
DUBAI, Nov 25 (Reuters) - Dubai International Capital (DIC), an investment firm owned by the ruler of Dubai, urged Gulf Arab investors to boost their influence in global business by seizing bargains amid the financial crisis.

"To become the largest shareholders in the 10 largest companies in the world ... (for) $50 billion ... that's actually not a lot of money...

Gottex Fund Management Holdings to Capitalize on Opportunities in the Dubai

Gottex To Open Dubai Office
FINalternatives - New York, NY, USA
Yet another hedge fund is opening an office in Dubai to capitalize on opportunities in the region. Gottex Fund Management Holdings today said that it will open an office in Dubai following Pharos Financial Advisors' announcement last week that it is setting up shop within the region. ...

AWC Facility Solutions To Acquire 100% of Stream FZC

AWC Facility Solutions To Acquire UAE-Based Stream FZC
Bernama - Kuala Lumpur, Malaysia
KUALA LUMPUR, Nov 26 (Bernama) -- AWC Facility Solutions Bhd, an intergrated facilities management provider, is set to enter the Middle East market with the 100 percent acquisition of a United Arab Emirates based company, Stream FZC for about RM90,000. ...

Largest Single Contract of its Kind in The Region Awarded

Pearl Dubai Awards AED8.85 Billion Construction Contract to Al Habtoor Leighton Group
MarketWatch - USA
DUBAI, United Arab Emirates, Nov 26, 2008 (BUSINESS WIRE) -- Pearl Dubai FZ LLC, one of the UAE's leading real estate developers, has awarded an AED8.85 billion (US $2.4 billion) main contract for the construction of its iconic Dubai Pearl project, to the Al Habtoor Leighton Group, the UAE's largest construction group. ...

Abu Dhabi Finance Mortgage Lender - First Rescue Step In the United Arab Emirates (UAE)

UPDATE 2-New UAE lender to dampen crisis as developers stall
Interactive Investor - London,England,UK
ABU DHABI, Nov 26 (Reuters) - Abu Dhabi launched a government-backed mortgage lender on Wednesday in a move to limit damage from the credit crisis, as developers in Dubai reviewed sales and expansion plans in light of tough times.

Abu Dhabi May Buy Some of Dubai's Biggest Projects

Big spending Dubai may have to be bailed out by Abu Dhabi
Telegraph.co.uk - United Kingdom
Abu Dhabi may provide Dubai with a banking facility with which its leveraged neighbour would use to pay down its immediate debt obligations as part of potential "bail-out" plans being discussed between the emirates. ...

Dubai Real Estate Market Report Suggests Rescue Plan

RichVille suggests a plan to rescue the Dubai real estate market
ArabianBusiness.com (press release) - Dubai, Umm al Qaiwain, United Arab Emirates
In the midst of a global financial crisis generally impacting to the point of complete freeze the international markets and particularly affecting the real estate markets, RichVille Issues its 4th Quarter Dubai Real Estate Market Report with a suggested Rescue Plan. ...

Abu Dhabi to Revive Housing Market

Abu Dhabi launches new lender as crisis bites - media
Reuters - USA

DUBAI, Nov 26 (Reuters) - Abu Dhabi will launch a new mortgage lender backed by Mubadala, the government-run development agency, to revive the housing market as liquidity dries up during the credit crisis, a newspaper reported on Wednesday. ...

Riad Salameh Lebanon's Banking System Spared the Country from the World Crisis

Lebanon Steers Clear Of Financial Crisis, For Now
Zawya

BEIRUT, Nov 25, 2008 (AFP) - As countries around the globe struggle to ride out the economic crisis, Lebanon's banking sector has not only managed to steer clear of the turmoil but bankers say it has even benefited from it.

"Lebanon's tightly-regulated banking system has spared the country from being affected by the world crisis," governor Riad Salameh told AFP. ...

Abu Dhabi's Investments Around $270 Billion

Abu Dhabi Investing $270 Billion In Growth
Zawya
Abu Dhabi: The government of Abu Dhabi is investing over $270 billion (Dh990.9 billion) in projects in the city of Abu Dhabi, a top executive of the Abu Dhabi Airports Company (ADAC) said on Tuesday. ...

Two Real Estate Showcase for Foreign Investors Launched in Dubai & Moscow

Analysts In Media Launches Real Estate Showcase for Foreign Investors
MarketWatch - USA
Analysts In Media (AIM) has recently launched the Real Estate Foreign Investment Showcase (REFIS). Two events will make up the showcase, which provides an opportunity for foreign investors to enter the real estate market in major cities worldwide. ...

Emaar, Nakheel and Dubai Holdings to put a Cap on New Construction Projects

UAE to bail out banks as construction capped
Building.co.uk - UK
Dubai's construction boom is to be capped by some of its largest developers as the UAE steps in to bail out the country's ailing banking sector.
The UAE's federal government is to pump funds into the Emirates Development Bank, a new vehicle set up after the merging of state mortgage lenders Amlak and Tamweel. ...

Aldar Invites Bidders for Five Star Hotel Construction

Aldar to create new Abu Dhabi construction jobs
news.careerstructure.com - London, UK
Property development company Aldar Properties has invited firms to bid for a major new contract in Abu Dhabi which will see the construction of a new five-star hotel. ...

Abu Dhabi's International Petroleum Investment Company Purchased 17.6 Percent Stake in Oil Search Ltd.

Abu Dhabi takes A$1.68 bln stake in Oil Search
Reuters - USA
Abu Dhabi's International Petroleum Investment Company (IPIC) has purchased a 17.6 percent stake, worth A$1.68 billion ($1.07 billion) in Oil Search Ltd (OSH.AX), the company said on Tuesday.

IPIC and the Papua New Guinea government, through its nominee, Independent Public Business Corporation (IPBC) have signed the agreement with Oil Search Ltd, an IPIC statement said. ...

Dubai Investments Real Estate Company Launches New Project

Dubai Investments Real Estate Company in association with Gowealthy.com launches new project at Ritaj community
Zawya - United Arab Emirates
Dubai, 25^th November 2008: Dubai Investments Real Estate Company (DIRC), the largest investment company listed in the UAE Stock Exchange, in alliance with Gowealthy.com, the region's global property and real estate lifestyle brand, have announced the sales marketing of the latest phase in the Ritaj community development. ...

New Pinching Real Estate Job Cuts in UAE

More jobs go in UAE real estate
Zawya - United Arab Emirates
Dubai-based property developer Tameer is to lay off half of its workforce in the latest round of job cuts to hit the UAE's battered real estate sector, a source close to the company told 7DAYS last night. ...

Bay La Sun Village Last Marina Tower Launched for Sale

Emaar.EC launches sale of last Marina Tower at Bay La Sun Village in KAEC
AME Info

Saudi Arabia: Emaar, The Economic City (Emaar.EC), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has launched the sale of residences in the fourth and last Marina Tower within the Bay La Sun Village, ...

Emerald View Properties Launches New Office in New York City.

Emerald View Properties Brings Dubai to Manhattan
MarketWatch - USA
Emerald View Properties, a real estate marketing, sales, and consulting firm linking U.S. investors to residential and commercial properties in the UAE, announces the launch of their new office in New York City. ...

Aabar to Develop up to Four Residential Towers in Al-Raha

Aabar to build towers in Al Raha
GulfNews - Dubai, United Arab Emirates
Abu Dhabi: Abu Dhabi-based Aabar Investments PJSC (Aabar) on Monday said it had signed a purchase agreement with Tasameem Real Estate Co LLC to acquire two residential land plots in the Al Raha development area for an aggregate price of Dh500,876,100. ...

Mergers and Consolidation in Gulf Property and Finance Sector

Emaar-Nakheel merger could be Dubai's next move to strengthen real estate sector
Business Intelligence Middle East (press release) - United Arab Emirates
UAE. As a flurry of deals emerged today in Dubai's real estate finance sector, Emaar Chairman Mohammed Ali Alabbar said he would "welcome" a merger with Nakheel, combining the number one and number two developers into one of the world's largest property companies....

 

 

More mergers and consolidation in Gulf property and finance sector expected
Property Wire - St. Albans, England, UK
Small developers in the Gulf will have to consolidate and merge in order to get through the current property market downturn, a conference was told today. ...

Tanmiyat Group Unveils Plans to Participate in Cityscape India 2008

Tanmiyat participates in Cityscape India 2008 as golden sponsor
AME Info - United Arab Emirates
Tanmiyat Group, a real estate investment and development firm in the Middle East, has unveiled its plans to participate in Cityscape India 2008, an international show of real estate investment and development, which will be held between 8 and 10 December at the Bombay Exhibition Centre. ...

Aabar Investments Co plans $136.1 Million Property Investment

Aabar to invest $136m in real estate
Trade Arabia - Manama, Bahrain
Abu Dhabi-listed Aabar Investments Co, which invests in energy, said it plans to plough at least 500 million dirhams ($136.1 million) into the property sector despite fears of a slowdown. ...

Dubai's Big 5 Building Fair Spots Brazilians

Brazilians Shine at Dubai's Big 5 Building Fair
Brazzil Magazine - Los Angeles,USA
Building-sector companies from Brazil participating in the Big 5 Show began closing deals right from the start of the construction sector trade fair, which started this Sunday, November 23, in Dubai, in the United Arab Emirates. ...

Abu-Dhabi Investment House Launches a $7 Billion Project

ADIH Launches Fashion City Project In Morocco and creates 8,000 jobs
Zawya
Marrakesh: Abu-Dhabi Investment House inaugurated in Morocco last week its first phase of a $7 billion (Dh25.69 billion) project to build fashion cities in several parts of Asia and Africa …

Telenor Pakistan to Acquire 51 Per Cent in Tameer Microfinance Bank

Telenor acquires major stake in TMB
Pakistan Observer - Islamabad, ISB, Pakistan
Telenor Pakistan has entered into an agreement to acquire 51 per cent of the shares in Tameer Microfinance Bank (TMB) for a foreign direct investment (FDI) of USD 12.5 million (PKR 1 billion approximately) through a direct rights issue. ...

Phoenix Petroleum Philippines Inc. Signed Oil Agreement with UAE Olympic Shipping Company

Phoenix inks oil-supply deal with UAE firm
Business Mirror - Philippines
DAVAO-based oil company Phoenix Petroleum Philippines Inc. (PPPI) on Friday signed an oil supply and investment agreement with the United Arab Emirate's Olympic Shipping Company Llc. (OSC), which secures the listed firm's petroleum requirements, as well as possible infusion of funds in the future.. ...

Credit Crunch Forces UAE and Saudi to Take Action

Credit crisis forces emergency moves by Saudi, UAE
Reuters India - Mumbai, India
DUBAI/RIYADH (Reuters) - Saudi Arabia slashed interest rates for an unprecedented third time since October and the United Arab Emirates intervened in a property merger on Sunday in moves to contain the impact of the credit crunch. ...

Roadex-Railex Exhibition Opens 24-25 November at Abu Dhabi Exhibition Centre

 

Roadex-Railex is NOW OPEN.

Open: Sunday 23 - Tuesday 25 November 2008
Times: 11.00am - 7.00pm daily
Location: Hall 8
Venue: Abu Dhabi National Exhibition Centre
Free to attend.

Steady Flow of Quality Visitors to Roadex-Railex

Officially opened this morning by Brigadier General Mohammad Butti Al-Rumaith (Director General of the General Department of Border Security, Abu Dhabi Police) who was accompanied by Mohammad Bin Ghannam Al-Hamili (Under Secretary of The Department of Finance), Roadex-Railex, The Middle East's Premier Traffic and Transport Infrastructure Exhibition, has attracted a steady flow of quality visitors on its first day.

Regional and international exhibitors are showing the latest developments that will help governments throughout the region implement their traffic and transport infrastructure initiatives.

German exhibitor INIT, a world-leading provider of telematics and electronic fare collection systems for public transport, is showing its latest developments, alongside a number of proven systems that assist in making public transport more attractive, faster and more efficient.

Lochwynd of the UK are highlighting the innovative Astucia SolarLite Road Studs, which have a proven track record in delivering significantly reduced road casualty rates - as much as 72% - in actual installed situations.

Acknowledged worldwide as a leader in the field of Automated Traffic Enforcement Solutions, French exhibitor Sagem Securite is also highlighting its comprehensive range of enforcement technologies that are designed to increase road safety.

Roadex-Railex, which is sponsored by Vossloh, a major international supplier of advanced traffic control and warning systems, runs through until Tuesday 25th November at Abu Dhabi National Exhibition Centre, and is open from 11am to 7pm daily. A programme of seminars (free to attend for registered visitors) will also take place on Monday 24th November.

Visit Roadex-Railex today and benefit from the free to attend Seminar Programme.

Monday 24th Nov
Room 1 - Capital Suite 6

11.30 - 12.30	Company: Technochem/ Tencate Topic: Tencate Technologies for Reinforced  Soil Structures Speaker: Andy Holgate and Jack Kievit
13.00 - 14.00	Company: Naue GmbH Topic: Using Geosynthetics in Road and Rail  Contruction to Reduce Costs Speaker: Mr. Torg Klompmaker
14.30 - 15.30	Company: Pitchmastic PMB Topic: The Need for Structural Waterproofing Speaker: Adrian Pike
16.00 - 17.00	Company: Bentley Systems Topic:  Software for the Design and Maintenance of  Roads and Railways Speaker: John Bryant and Steve Cockerell
17.30 - 18.30	Company: Tensar International Topic: Ground stabilization and an introduction to Tensar  TriAX, a revolution in geogrid technology Speaker: Cliff Hall

The Roadex-Railex Conference is taking place alongside the exhibition. For further information, visit Roadex Railex Conference

Dubai Industrial City Showcases Dhs 5 Billion at Big 5 Show 2008

Dubai Industrial City showcases over Dhs5bn industrial offerings at Big 5 Show 2008
AME Info
Dubai Industrial City, a member of Tatweer Dubai, today announced it is showcasing its diverse line up of industrial offerings, worth more than Dhs5bn, at the Big 5 Show, the largest annual exhibition for the Middle East construction and contracting industry that opened today in Dubai. ...

Dubai Plans $2.3 Billion for Traffic Jam Solution

Dubai Plans to Pay $2.3 Billion for 1,616 Buses to Ease Traffic
Bloomberg

Nov. 23 (Bloomberg) -- Dubai, home to the world's tallest building, will pay 8.6 billion dirhams ($2.3 billion) for 1,616 buses as the emirate expands its road and rail network to ease traffic congestion in the city. ...

Al-Sidra World Class Golf Residential Project in Doha a $3.5 Billion Deal

Arcapita in deal to develop $3.5bn Qatar golf project
Trade Arabia - Manama, Bahrain
Arcapita Bank, a global investment house headquartered in Bahrain, and Al-Imtiaz Investment Companny, a Kuwait-based investment company, have joined hands to develop Al Sidra, a $3.5 billion golf residential project in Doha, Qatar. ...

Projects Under Construction in the UAE Worth $800 Billion

Projects worth $800bn under way in the UAE
Emirates Business 24/7 - Dubai,Dubai, United Arab Emirates
Despite caution over future projects, $800 billion (Dh2.9 trillion) of projects are currently under construction in the UAE, according to a survey by Proleads, the research partner of The Big 5. ...

Dubai - Mammoth Billboard Accepted by Guinness Book of World Records

The world's longest advert will launch in Dubai
AME Info - United Arab Emirates
... This mammoth billboard, which has been accepted by the Guinness Book of World Records, is the brainchild of Adrac, a global advertising and marketing agency with offices in the Burj Business District. ...

All New Dubai Constructions to Comply with "Green Building Regulations"

Green push for new buildings
GulfNews - Dubai, United Arab Emirates
Dubai: All new constructions under the jurisdiction of Dubai World are now required to adhere to the Green Building Regulations mandated by the Environment Health and Safety (EHS), the regulatory arm of Trakhees - Ports, Customs and Free Zone Corporation (PCFC) effective January 1, 2009. ...

Japanese Firms to Takeover Major Electricity and Water Project in Abu Dhabi

Japanese Firms To Invest In Abu Dhabi Power Project
Zawya

TOKYO, Nov 22 (KUNA) -- Japan's fifth-biggest trading firm Marubeni Corp. and Osaka Gas Co. will take a stake in a major electricity and water project in Abu Dhabi after a European firm ran into difficulty securing financing, a top-selling business daily here reported Saturday. ...

Agreement Signed to Harness Gas Reserves in Habiba Area of Central Oman

Oman: $500m To Dvlp New Block 62 Gas Reserves
Zawya
MUSCAT -- The Government will sign today a major concession agreement aimed at harnessing potentially attractive gas reserves in the Habiba (Block 62) area of central Oman. Capital investments in the exploration and development of the block's gas potential are in the order of $500 million, it is learnt. ...

World's First $1 Million Dollar "Package" Holiday

$1 million holiday to beat credit crunch blues
Telegraph.co.uk - United Kingdom
It is the perfect way to see off those credit crunch blues: by embarking on the world's first $1 million dollar "package" holiday.
As one might expect with the £700,000 price tag, no luxury is spared for the two people arriving at the ultra-luxurious Emirates Palace hotel in Abu Dhabi for their "once in a lifetime" holiday. ...

Mosque Construction within KAEC The Economic City Commences

Emaar, The Economic City commences construction of mosques within KAEC
AME Info

Emaar, The Economic City, the Tadawul-listed company developing King Abdullah Economic City (KAEC), is developing mosques within KAEC as part of its commitment to create integrated communities. Hassan Abbas Al Sharbatly Charity has donated towards construction of the first mosque within Bay La Sun Village. ...

George Bush Approves and Authorize Proposed UAE Nuclear Energy Agreement

Presidential Determination on UAE's Nuclear Energy Use
White House - Government of the United States of America

Proposed Agreement for Cooperation Between the Government of the United States of America and the Government of the United Arab Emirates Concerning Peaceful Uses of Nuclear Energy and authorize the Secretary of State to arrange for its execution. ...

Hydra Properties Awarded Fastest Growing Developer Award in 2008

Hydra Properties CEO hailed as fastest growing developer
AME Info - United Arab Emirates
Hydra Properties, the leading UAE-based international property developer, has once again received international recognition as its Chief Executive Officer, Dr. Sulaiman Al Fahim, was honoured with the Fastest Growing Developer Award at the 2008 Community Advancement Awards. ...

UAE Marches Forward Accomplishing Earning Multiplying Wealth and Happiness into its 37th Anniversary

UAE to continue march towards progress
GulfNews - Dubai, United Arab Emirates
Abu Dhabi: The UAE marks the 37th anniversary of its National Day on December 2 with a strong determination to maintain the momentum of the process of political, social and cultural empowerment launched by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan two years ago.

UAE continues the process of empowerment as it celebrates 37th Anniversary of National Day
WAM - Emirates News Agency - Abu Dhabi, United Arab Emirates
The Upon the establishment of the Federation 37 years ago, the UAE joined the Arab League and the United Nations Organisation and established bilateral relations with Arab and foreign countries." Based on a consistent theme of its foreign policy, the UAE continually seeks the extension of the range of its cooperation and friendly relations with the rest of the world. ...

UAE Merging Two Mortgage Lending Giants

UAE starts procedures to merge two leading mortgage lenders
Xinhua - China
The United Arab Emirates (UAE) announced on Saturday that its finance ministry has started the official procedures to merge the country's two leading mortgage lenders, local Emirates News Agency reported. ...

Dubai Construction Fair to Include 500 Italian Companies

UAE: 500 Italian companies to attend Dubai's construction fair
Adnkronos
UAE: 500 Italian companies to attend Dubai's construction fair (AKI) - More than 500 Italian companies will attend the Middle East's largest building and construction exhibition, called The Big 5, taking place in the emirate of Dubai from 23-27 November. Italy's Secretary of State for Economic Development and Foreign Trade, Adolfo Urso spoke to Adnkronos International (AKI) about the...

Aldar Properties PJSC Gets USD 100 Million in Financing for Canadian Projects

Export Development Canada Signs USD 100 Million Facility with Aldar
Government of Canada Newsroom (press release) - Ottawa, ON, Canada
Export Development Canada (EDC) today announced that it will provide USD 100 million in financing to Aldar Properties PJSC (Aldar) for projects where Canadian supply is present. ...

Amazing Video - Jump Off Burj Bubai - the Tallest Tower in the World

Two Guys Jumped Off the Burj Dubai and Lived to Tell About It
By Adam Frucci
...a Brit and a Frenchman snuck on to the under-construction Burj Dubai and BASE jumped from it at 650 meters up. Now, there's video available of their infiltration, jump and subsequent escape. ...

Watch the 7 minutes video

Car Rentals Capitalizing on Dubai Taxi Deficiencies

Dubai witnessing car rental boom
Al-Bawaba - Amman,Jordan
Car rental has risen sharply in recent months as more residents and visitors seek to navigate the city in comfort and with ease, says Hertz.

The world's largest car rental firm, which now has 15 branches in the UAE and has been based in the country since 1993, says one of the factors contributing to the rise is difficulties experienced by expatriates and holidaymakers to get a taxi. ...

Crescent Star Project a Uniquely Exciting Development Launched

Al Jabal Holdings Launch Ajman's first 4 star apartment hotel development - The Crescent Star
Middle East North Africa Financial Network - Amman, Jordan
Al Jabal Holdings last night launched a uniquely exciting development at the Madinat Jumeirah. The exclusive unveiling of the Crescent Star project, which attracted over 1300 potential investors, real estate experts and prominent personalities, was introduced by Bollywood star Fardeen Khan. ...

Asian Finance Bank Plans to Invest a $500 Million in Real Estate Projects in Southeast Asia

Lender plans to invest $500m fund in real estate
Gulf Daily News - Manama, Bahrain
Asian Finance Bank, one of three foreign Islamic lenders in Malaysia, plans to invest a $500 million fund in real estate projects in Southeast Asia as the global financial crisis creates more buying opportunities, its vice- president for asset management said. ...

Dubai's Projects to Continue as Scheduled in Dubai Strategic Plan for 2015

Projects In Dubai To Continue As Scheduled
Zawya
Nasser Al Shaikh, Director-General of Dubai Department of Finance, has stressed infrastructure projects in Dubai, including Roads and Transport Authority - plans and the new airport in Jebel Ali, would continue as scheduled in Dubai Strategic Plan for 2015. ...

Expansion into Dubai Hotels and Hotel Apartment Market by Dubaishortstay.com

Dubaishortstay.com Announces Expansion Into Dubai Hotels Market
PR Web (press release) - Ferndale, WA, USA
DubaiShortstay.com the #1 leading providers of holiday villa and apartment rentals in Dubai since 2004,"Dubaishortstay.com has announced its expansion into the Dubai Hotels and hotel apartment market". ...

Atlantis Resort Opened with an Astonishing Firework Display

The Atlantis Resort Opening Gala in Dubai
Seattle Times - United States
A general view of the fireworks at the Atlantis resort in Dubai, Thursday, Nov. 20, 2008. While the rest of the world is tightening its belt, Dubai is throwing a US $20 million party Thursday complete with Hollywood celebrities and a fireworks show that organizers said would be visible from outer space. ...

Gammon and Billimoria was Awarded 1st Phase Construction Contract of Forbidden City

Forbidden City will offer buyers affordable homes
GulfNews - Dubai,United Arab Emirates
Dubai: Construction of a new affordable housing cluster, Forbidden City, has started at International City, a top official said.

Dubai's master developer Nakheel last month unveiled Forbidden City in International City. ...

Immediate Focus to Own and Operate $14 Million Worth of Solar Installations in North Carolina

World's Largest Solar Thermal Project for Heating and Cooling Announced in Western North Carolina
PR Web (press release) - Ferndale, WA, USA
... The announcement, which was made during the AdvantageWest Annual Banquet at the Grove Park Inn in Asheville, was well-received by the federal, state and local leaders in attendance because it means $14 million will be invested in solar thermal technology projects throughout North Carolina in 2009. . ...

Modern Innovative Architecture - Dynamic Tower

Invention and Technology News

Innovation and Architecture Spark Dynamic Tower
Invention and Technology News - Pittsburgh, PA, USA
... inventive new ideas are being put to practice in all sorts of fantastic ways these days: even buildings decorating city skylines.

A prime example of modern innovative architecture is the eye-catching and environmentally conscious Dynamic Tower (pictured) design from Italian architect Dr. David Fisher. Each floor of the Dynamic Tower rotates independently so the building constantly changes shape. ...

Year's Best Skyscraper Named

Shanghai tower named year's best skyscraper Reuters - USA CHICAGO (Reuters) - The Shanghai World Financial Center, the world's second-tallest building that some say resembles an elegant bottle opener, was named on Thursday by architects as the best skyscraper completed this year. ...

Abu Dhabi Developers Change Tactics

Abu Dhabi developers change focus to suit economic constraints
AME Info - United Arab Emirates
Abu Dhabi real estate developers are adjusting their project models to suit changes in the economic climate. From concentrating on sales in the high end market sector, companies are increasingly looking at servicing the need for middle income units and the rental market. ...

Citibank Bank Lost Half its Value in Four Days Due to Financial Crisis

Citigroup Tries to Stop the Drop in Its Share Price
New York Times - United States
For months, the nation's largest banks have struggled to regain investors' trust. In the center of the vortex is Citigroup, whose precipitous stock-market plunge accelerated on Thursday, sending shock waves through the financial world. ...

Prince Alwaleed Buys 5% of Citigroup to Restore his Stake to 5 Per Cent

Prince Alwaleed Buys Citigroup Shares
Zawya
Prince Alwaleed bin Talal of Saudi Arabia on Thursday announced that he was buying Citigroup shares to restore his stake to 5 per cent as he gave his full support to Vikram Pandit, the US bank's embattled chief executive. ...

Bollywood Star Lend his Name to a UAE Real Estate Project

Fardeen lends name to UAE real estate
Hindu Business Line - Chennai, India
DUBAI: Fardeen Khan has become the latest Bollywood star after Shah Rukh Khan to lend his name to a real estate project in the UAE. The actor at a ceremony in neighbouring emirate of Ajman to introduce the exclusive unveiling of the Crescent Star project , a 33-storey apartment hotel, said "I am delighted to be involved in such an exciting project." ...

Genesis Custom Jetliners Opens a Primary Sales Office in Dubai

Genesis Custom Jetliners Adds Dubai Sales Office
PR.com (press release) - Levittown, NY, USA
Genesis Custom Jetliners, the leading value option in the commercial aircraft conversion and luxury business jet markets, has opened a primary sales office in Dubai, headed by Bilal Yousuf. The announcement was made during the Middle East Business Aviation exhibition. ...

Development of One of the World’s Biggest Port Projects

CSIR helps develop Mid East harbour project
Creamer Media's Engineering News - Garden View, South Africa
South Africa's Council for Scientific and Industrial Research (CSIR) is playing a key role in the development of one of the world's biggest port projects.

The CSIR is currently executing a R10-million contract to conduct physical model studies for the planned new multibillion-dollar Khalifa port, which will be located in the United Arab Emirates, between Abu Dhabi and Dubai. ...

Dubai's Astronomical $20 Million Party

Dubai parties despite economic gloom
PR-Inside.com (Pressemitteilung) - Wien, Austria
While the rest of the world is tightening its belt, Dubai is throwing a $20 million party Thursday complete with Hollywood celebrities like Robert DeNiro and a fireworks show that organizers said would be visible from outer space. ...

Investors Rush Under Pressure as Dubai Distressed Property Sales Rise

Dubai distressed property sales rise as crisis bites
Reuters - USA
Distressed sales of Dubai property are increasing as investors rush to offload homes under pressure from the global credit crisis, real estate agents say.

Stunning Kylie Minogue Rocking at Atlantis Grand Opening

Kylie Minogue Preps for Dubai Gigs
The Gossip Girls - USA
With such international appeal, it's no wonder Kylie Minogue is one of the featured performers at the grand opening of the new Atlantis hotel in Dubai.

Dubai's Party that Lit up the Evening Sky

Dubai parties at hotel gala despite economic gloom
The Associated Press
DUBAI, United Arab Emirates (AP) — Dubai developers threw a $20 million party Thursday complete with Hollywood celebrities Robert DeNiro and Charlize Theron and fireworks that lit up the evening sky. ...

Amlak Cease New Financing Due to Liquidity Crunch

Amlak move 'due to liquidity crunch'
GulfNews - Dubai, United Arab Emirates
Dubai: Amlak Finance PJSC, the UAE's largest mortgage lender's decision to cease new financing is due to the liquidity crunch and not because of a property market downslide, according to industry experts. ...

Emaar Seeks Indian Partners

Emaar seeks partner for retail venture in India
AME Info - United Arab Emirates
Emaar MGF Land, the Indian unit of the Middle East's largest real-estate developer, is seeking an overseas partner to start a retail venture in India. ...

Al-Jabal Holdings Introduces a Unique Investment Opportunity

Al Jabal holdings introduces the first of a kind
Al-Bawaba - Amman, Jordan
Al Jabal Holdings last night launched a uniquely exciting development at the Madinat Jumeirah. The exclusive unveiling of the Crescent Star project, which attracted over 1300 potential investors, real estate experts and prominent personalities, was introduced by Bollywood star Fardeen Khan. ...

More Job Cuts Hitting UAE Real Estate Market

Omniyat adds fuel to retrenchment fire
GulfNews - Dubai, United Arab Emirates
Dubai: Developer Omniyat has joined the growing number of companies scaling down their human resources, with the retrenchment of nearly 100 employees over cash flow problems. ...

Abu Dhabi Reveals Ambitious Strategy of Medical Tourism

Abu Dhabi Unveils Medical Tourism Plan
Zawya

Abu Dhabi: Shaikh Sultan Bin Tahnoun Al Nahyan, Chairman of the Abu Dhabi Tourism Authority has revealed an ambitious strategy of medical tourism in Abu Dhabi. ...

Contracts Worth SR579 Million for Operating and Developing 3 Saudi International Airports

Saudi Prince Signs Airport Deals Worth SR579M
Zawya
RIYADH: Crown Prince Sultan, deputy prime minister and minister of defense and aviation, signed here yesterday three contracts valued at SR579 million with two major companies to operate and develop the Kingdom's three international airports. ...

Dubai is Prepared to Help State-controlled Firms Pay off Debts

UPDATE 2-Dubai ready to help firms
Life Style Extra - UK
DUBAI, Nov 19 (Reuters) - Dubai is prepared to help state-controlled firms pay off debts, although it is not in talks with the federal government to set up a loan facility for its companies, a government official said on Wednesday. ...

Thursday-night Bash at Atlantis Costing $20 Million

Dubai to Host Lavish Bash
Wall Street Journal - USA
Amid world-wide economic upheaval, South African casino mogul Solomon Kerzner is throwing this Mideast boomtown's most lavish party to date, marking the grand opening of a $1.5 billion hotel on Dubai's man-made, palm-shaped island. ...

Bahrain Real Estate Least Effected by Global Crisis

Bahrain 'can dodge real estate market slowdown'
Gulf Daily News - Manama, Bahrain
The Middle East real estate market will dodge the dramatic slowdown in house prices seen in the West and Bahrain will avoid the correction more than any other country in the Gulf. That is the view of Sakana Holistics Solutions chief executive officer R Lakshmanan. ...

Milipol Qatar: Three Contracts Worth QR53mn were Signed by Lekhwiya

Local firms make their presence felt at Milipol Qatar
Gulf Times - Doha, Qatar
worth a total of QR325mn were signed over three days of Milipol Qatar, the premier internal security exhibition, which ended yesterday at the Doha Exhibition Centre.
Three contracts worth QR53mn were signed yesterday by Lekhwiya, the Internal Security Force, said chairman of Milipol-Qatar, Brig Sheikh Nasser bin Fahd al-Thani. ...

Dubai's Multi-million-dollar Extravaganza Party

Crisis? What crisis? Dubai hotel to throw 20 mln dlr party
AFP
Dubai is throwing a multi-million-dollar extravaganza on Thursday to launch a luxury hotel on an artificial palm-shaped island, despite the bite from the global financial crisis.

More than 2,000 world celebrities are due to attend the event which has been dubbed by the local press as "the party of the decade." ...

GOLD Coast Developer Sunland Group Negotiating Purchase of Two High Rise Development Sites -- in Abu Dhabi and Qatar

Sunland looks past Dubai horizon
The Australian - Sydney,Australia
GOLD Coast developer Sunland Group is negotiating to purchase two high rise development sites -- one in Abu Dhabi and one in Qatar -- as it diversifies outside the overheated Dubai property market. ...

Dubai Won't Set up State-funded Loan Facility

Dubai Not Seeking Federal Government Credit Line, Official Says
Bloomberg

Nov. 19 (Bloomberg) -- Dubai, the second-biggest of the seven sheikhdoms that make up the United Arab Emirates, is not in talks with the federal government on setting up a state-funded loan facility for its companies, a government official said. ...

Aldar to Build Signature Super Regional Mall at Yas Island.

Aldar To Showcase Yas Mall At MAPIC
Middle East Events (press release) - Dubai, United Arab Emirates
Dubai - Aldar Properties, Abu Dhabi's leading property development, investment and management company today unveiled plans to build a signature Super Regional Mall as part of Abu Dhabi's premier retail and leisure destination at Yas Island. ...

Kuwaiti Gulf Holding Company Launches Mega Project in Morocco

Mega real estate project launched
GulfNews - Dubai, United Arab Emirates
Tangiers: In the latest Gulf investment in the North African region, the foundation stone of a $1.3 billion (Dh4.77 billion) real estate project was laid in Tangiers, Morocco on Monday.

The mega project of the Kuwaiti Gulf Holding Company (GHC) is the fourth real estate project launched by a Gulf Company in Morocco in the past few years after Dubai's Emaar Properties, Sama Dubai and Qatar's Diyar. ...

Rotana Expansion Plans to 66 Properties

Rotana announces further expansion plans
Easier (press release) - Chester,UK
As Rotana, the leading hotel management company in the Middle East and North Africa, has announced the expansion of its portfolio to 66 properties to open by 2012. This came as a result of new management agreements signed by Rotana for new properties across the region, including Cairo, Jordan, Oman, Iraq, Qatar, United Arab Emirates and Saudi Arabia.

Dubai World to Take Advantage and Sweep the World

Dubai World to expand hotel network despite global financial crisis
Xinhua - China
Dubai World, a holding company that manages and supervises the portfolio of businesses and projects for the Dubai Government, is planning to expand its hotel network despite the current global financial crisis, local newspaper Gulf News reported on Wednesday. Instead of tightening its purse strings, Dubai World seeks to take advantage of the credit crunch that swept the world, it said. make it

AED 20Bn Ghadeer Development Financed and Infrastructure Work Started

Work on Dh20bn Al Ghadeer starts
Zawya - United Arab Emirates
Abu Dhabi-based real estate developer Sorouh Real Estate has started infrastructure works of the Dh20 billion-Al Ghadeer development, said a senior official. The project is located on the Dubai-Abu Dhabi border.

"The company does not have any problem with regard to liquidity at present. It collected Dh4bn loans from international and local finance institutions through sukuk. ...

Kulpi Port Agreement Deadline

Dubai deadline for Kulpi port
Calcutta Telegraph - Calcutta, India
17: Dubai-based DP World, one of the largest port operators in the world, has said it will not wait beyond 90 days for an agreement on the Kulpi project, according to a partner. ...

Tunisia to Build Three New Power Plants

Tunisia: Country to Significantly Boost Electricity Production in Comming Years
AllAfrica.com - Washington, USA
Tunisia has decided to significantly increase its electricity production by building three new power plants.

With 25 electric plants generating 3300 MW of electricity, the country is readying itself for a 5,4% yearly increase of its domestic consumption up to 2011, with a significant peak of 7,7% when the country's mega projects , Sama Dubai's "Mediterranean Gateway" and "Tunis Sports City", will become operational. ...

Newsworld Corporation to Produce Digital Newspapers in Dubai

Newsworld to add Dubai following New York success
Graphic Repro - South Africa
Following on from its successful contractual arrangements with AlphaGraphics in New York, Newsworld Corporation has announced that it is in advanced negotiations to produce digital newspapers in partnership with a printer in Dubai. ...

Dubai Real Estate Industry Could be "Jumpstarted" Overnight

Experts feel authorities should step in to lift liquidity
GulfNews - Dubai, United Arab Emirates
Dubai: The current real estate industry in Dubai could be "jumpstarted" overnight if Dubai government started plunging more money into mortgage-lending facilities, real estate agents and agencies say. ...

 

Damac's Lincoln Park Underway

DAMAC Properties' first project at Dubailand under way
PRLog.Org (press release) - Bucuresti, Romania
PRLog (Press Release) – Nov 18, 2008 – Luxury life style provider DAMAC Properties Dubai has announced that work has commenced at its Lincoln Park site at Arjan in Dubailand. ...

Abu Dhabi to Become the Region's Great Future Capitals

Business leaders, politicians, experts set to gather in Future Capitals World Summit in Abu Dhabi
AME Info - United Arab Emirates
Global Leadership Team today announced a strategic partnership with Sorouh Real Estate PJSC, one of Abu Dhabi's leading real-estate companies, for the Future Capitals World Summit that will held in Abu Dhabi, UAE, in January 2009. ...

Short Slowdown in Dubai Real Estate

Slowdown in Dubai real estate sector will be shortlived, experts say
Zawya

Dubai: The real estate industry in Dubai is currently at a standstill, as fewer people are buying new properties due to much speculation in the market and the liquidity squeeze that gripped the local banking sector recently, experts said on Tuesday. ...

Dubai Real Estate Prices to Pick up in Six Months

Dubai real estate prices expected to rise
GulfNews - Dubai, United Arab Emirates
The future of real estate in Dubai is sunny, with most real estate agents predicting the market will pick up in the next six months.

"If we look at other markets, as the availability of financial lending changed, there was a slow period for a couple of months and then the market improved in terms of transactions," ...

2010 Commonwealth Games will Become Investment Opportunities

Athlete accommodation to become property investment units
Off Plan Property Exchange - Derby, England, UK
Over 1,000 new Indian apartments being built to house athletes for the 2010 Commonwealth Games will become investment opportunities, developers have revealed. The Games Village is being built by Emaar MGF in Delhi and features 1,168 two to five bedroom units in 34 towers. ...

UAE Banks' Deposits with the Central Bank Slashed

Banks slash deposits with UAE Central Bank by Dh60bn
Zawya

UAE banks slashed their deposits with the Central Bank by more than Dh60 billion in the first half to quench their thirst for liquidity following a sharp growth in domestic demand for credit, the Central Bank said. ...

Citigroup Growing in the Gulf While Cutting Jobs in the West

Citigroup has big exposure to Dubai, chairman says
Reuters - USA
Citigroup has big exposure to Dubai due to the optimistic growth prospects for the Gulf ... Bischoff, speaking a conference in the seaside emirate, said he expected that the financial crisis could possibly end by 2010. ...

Banking giant to axe 52000 jobs
The Scotsman
BANKING giant Citigroup yesterday revealed it was cutting 52,000 jobs, in a move certain to send shockwaves through the global financial sector. The cuts – along with previously announced job losses of about 22,000 – will leave it with 300,000 employees worldwide. ...

Financial Advisers Hired by Dubai Government to Review its Investments

Dubai Hires Economic Advisers
Wall Street Journal - USA
This Mideast boomtown's government has hired financial advisers to review its investments amid a global credit crunch that has pushed up the cost of financing the emirate's large debt, according to senior Dubai officials. ...

High Return 16% with New UAE Real Estate Investment Concept "Buy to Let"

'Buy to let' hotel rooms to hit market
The National - Abu Dhabi, United Arab Emirates
The "buy to let" hotel room concept is slowly starting to take off in the UAE as the financial crisis has created doubts about returns on investment in the property ­industry. ...

Survey on Dubai Real Estate Market Revealed

Dubai Real Estate Agent Survey Reveals True Market Opinions
PRLog.Org (press release) - Bucuresti, Romania
A survey of more than 170 Dubai real estate agents reveals that most agents believe the Dubai real estate market will pick up within 3-6 months. Overall agents are more optimistic than expected on the prospects for the Dubai property market. ...

Depa Wins $14 Million Contract for Singapore Resort

Depa of Dubai Wins $14 Million Contract at Singapore Resort
Bloomberg

Nov. 17 (Bloomberg) -- Depa Ltd., the United Arab Emirates- based interiors contractor fitting out the world's tallest tower in Dubai, won a contract worth 50.7 million dirhams ($14 million) to fit out a resort in Singapore. ...

Dubai Group Plans to Buy Stakes in U.S. Real Estate

Dubai Group Eyes U.S. Real Estate, Asset Management (Update1)
Bloomberg

Nov. 17 (Bloomberg) -- Dubai Group, an investment company managing more than $40 billion on behalf of Dubai's ruler, plans to buy stakes in U.S. real estate and asset management companies in a bid to profit from low prices. ...

BlackRock Global Resources & Mining Fund to Manage Dubai Commodities $50 Million Fund

Dubai Commodities Centre Invests $50 Million in BlackRock Fund
Bloomberg

Nov. 17 (Bloomberg) -- Dubai Multi Commodities Centre, a tax-free business park in the United Arab Emirates, said it had contributed $50 million as seed money to an Islamic fund that will invest in global resources and mining companies. ...

Four New Projects Planned by Nagarjuna Construction in UAE

Nagarjuna Construction plans four new projects in UAE
Economic Times - Gurgaon, Haryana, India
DUBAI: Leading Indian infrastructure firm Nagarjuna Construction Co (NCC) is planning four new projects in the United Arab Emirates (UAE) even as it analyses the effects of the global financial crisis on the Gulf construction sector. ...

Al Benaa JV with Asas Investment

Al Benaa Real Estate announces a joint venture agreement with Asas Investment
AME Info (press release) - United Arab Emirates
The joint venture's ambitious objective is to bring private sector best practice to Abu Dhabi's government departments and agencies, thereby dramatically enhancing their efficiency and effectiveness. National Enhancement is part of Al Benaa's corporate mission of contributing to the needs of the UAE market and the long-term vision of the Emirates' leaders and the great investments they have made in the people of the UAE. ...

Oman Real Estate Booming Despite Global Crunch

Real estate booming in Oman despite global crunch
Zawya - United Arab Emirates
JEDDAH: The worldwide credit crunch has not impacted Oman's economy, especially its real estate sector, a top real estate expert from Oman said yesterday.

"Banks in Oman continue to offer mortgage facilities for real estate buyers," Abdullah Khamis Al-Shidi, deputy CEO of The Wave, Muscat told a press conference at the launch sale of luxury apartments and villas at the Jeddah Hilton's Qasr Al-Sharq yesterday. ...

Italian Real Estate Looks at DAMAC Properties Opportunities

Italian real estate team looks at DAMAC Properties opportunities
Zawya (press release) - United Arab Emirates
Dubai, November 17 th , 2008: A high-level delegation from the real estate industry in Italy have paid a visit to DAMAC Properties ahead of the company's launch of new offices in Milan.

The visit was organised by the Milan Chamber of Commerce (Real Estate Exchange) and was designed to give members an insight into the UAE property market and opportunities for end users and investors. ...

Al Benaa Real Estate Investment Company to Launch IPO Next Year

Al Benaa plans IPO next year and temporarily halts new projects
Zawya - United Arab Emirates
Al Benaa Real Estate Investment Company an Abu Dhabi-based property development company, is studying the option of launching an initial public offering next year and has temporarily put new projects on hold, a top company executive said. ...

Abu Dhabi and Dubai Representatives Attended the World Travel Market (WTM) in London

Industry roadshow hits London
The National - Abu Dhabi, United Arab Emirates
LONDON // Tourists could be enticed to the UAE with discounts, packages and bonuses as the country's travel industry tries to minimise the effects of the global financial crisis.
Both the Abu Dhabi Tourism Authority and the Dubai Department of Commerce, Tourism and Marketing are attending the World Travel Market (WTM) in London to showcase the Emirates. ...

Middle Eastern Real Estate Investors & Developers To Attend Cityscape India

 

Bombay Exhibition Centre Goregaon, Mumbai 8 - 10 December 2008 Middle East Real Estate Investors & Developers to Attend Cityscape India...     According to the kippreport, as the financial crisis envelopes global economies, countries around the world are looking to the Middle East for funds. And it looks like countries in Asia are becoming the lucky winners. Several Middle Eastern companies and wealth funds have already started investing their funds in countries like India. Click here to read the report about Middle Eastern investors' attractions. Cityscape India is your opportunity to meet and network with a host of Middle Eastern real estate investors and developers who will use the Cityscape India platform to further their long term ambitions in the sub-continent. Click here to register for Cityscape India Exhibition free of charge. Click here for the current list of exhibitors. What do exhibitors from the Middle East have to say?   "India is currently facing a shortage of some 21 million homes, and more than 300 million people are expected to migrate to urban areas over the next 20 years. At Cityscape India, we will showcase 11 global projects including Bidadi - our proposed 4,000 hectare mixed-use development near Bangalore - which will house around 750,000 people." - Saeed Ahmed Saeed, CEO, Limitless   "We feel that Cityscape India is a gateway to emerging Real Estate markets where we hope to reach out to "Today's consumer" by means of cross border marketing, innovative solutions with remarkable engineering and cutting edge designs." Maanasa Supreeth, Group Marketing Manager, Soundlines Group   "Cityscape India will be a perfect platform to network and enhance SKYMAX's credibility in existing and new markets. We hope to identify potential partners and expand our presence in the Indian Market. We will also focus on existing business vistas and introducing new and successful business ventures."- Hasnain Raza Ladhubhai, CEO, SKYMAX Investment and Development LLC   "Cityscape India provides a unique opportunity for Al Zorah to showcase the remarkable progress made on this leading project that reveals the international class know-how and the expertise of Solidere International as a leading city builder and internationally acclaimed place maker. The show provides also the opportunity to engage with stakeholders, attract leading investors and explore investment opportunities in the Indian market." - Dr Nasser Chammaa, Chairman and CEO, Solidere International   Meet them all at the Middle Eastern Real Estate Investors & Developers Cityscape India !