Echelon Project $4-billion on Ice

As Echelon Hits Brakes
GlobeSt. com - New York,NY,USA

LAS VEGAS-While Boyd's $4-billion Echelon project is being put on ice due to financing concerns the $9-billion CityCenter construction project here continues unabated and appears to have its financing under control, according to comments made by company executives on a conference call with analysts this week. The 19 million-sf development--rising all at once on 67 acres between the Monte Carlo and Bellagio casinos--is slated to open in late 2009. ...MGM Mirage executives told analysts that both it and its JV partner in the project, Dubai World--a conglomerate that owns the company developing the manmade ...

Koyo Bearing at Dubai Airport Free Zone

Koyo Bearings sets up base in Dubai Airport Free Zone

(MENAFN - Khaleej Times)

The Singapore based subsidiary of Japan's Koyo Bearings recently opened a branch office in the Dubai Airport Free Zone (DAFZ). ..."We now play an increasingly important role as the major business and financial link between East and West - with more than 1,425 international companies already having established headquarters in Dubai Airport Free Zone," he adds.

Ahli noted that Dubai Airport Free Zone is playing an important role for many overseas corporations in their international tax planning strategy, sharing the tax exemption enjoyed by companies already...

Dubai Pearl Gets Green Building Code

Dubai Pearl follows the green code
Zawya - Dubai, United Arab Emirates
Dubai: In a place like Dubai, the announcement of plans to build more luxury developments isn't often greeted with bated breath. Dubai, after all is an architect's playground and home to some of the world's most experimental, yet luxurious designs. ...Dubai Pearl. Scheduled for completion in 2010, the $4 billion (Dh14.6 billion) development at the base of the Palm Jumeirah promises a self-contained community for the super-wealthy-... "said Abdul Majeed Al Fahim, Chairman of Pearl Dubai LLC, the company responsible for developing Dubai Pearl. "That is because there is no sustainability in these communities. Dubai Pearl is all about sustainability

Jean Pierre Colpron lawyer of Cirque du Soleil

Montreal lawyer performs behind the scenes in Cirque deal
The Gazette (Montreal) - Quebec,Canada
Montreal lawyer Jean-Pierre Colpron joined with what has become one of the world's best-known circuses close to 20 years ago, and interesting legal acrobatics keep on coming. ...Under the terms of what is being called a "strategic partnership," Guy Laliberté, the one-time street performer who has become a billionaire since co-founding the Cirque in Baie St. Paul 24 years ago, agreed to sell 20 per cent of the privately held company to Istithmar World and Nakheel PJSC, both units of the government-owned holding company Dubai World. ...The Montreal office of Stikeman Elliott LLP acted as Canadian counsel for Istithmar World and Nakheel. John Leopold, the Montreal-based co-chair of the ...

Abu Dhabi Oil Plans Output & Investments

Abu Dhabi stresses $20b oil plan
Gulf news - Dubai, United Arab Emirates
Abu Dhabi: The Abu Dhabi Government has reiterated its plans to invest as much as $20 billion (Dh74 billion) by 2010 to increase its crude output capacity by 30 per cent to 3.5 million barrels per day (bpd). ...Estimates by McKinsey & Company show that Abu Dhabi is likely to accumulate an investible surplus of $800 billion by 2020 due to massive inflows of oil revenues. They say that of the $2 trillion investible surplus flowing to the six Gulf countries, $800 billion will come to Abu Dhabi. This is based on an estimated.

Abu Dhabi plans 30% hike in oil output
Economic Times, India
DUBAI: Abu Dhabi, the largest sheikhdom in the United Arab Emirates and owner of the world's fifth-biggest oil reserves, will spend $20 billion to raise crude production by 30% in the next two years.

UAE's Taqa to invest $1.45 bln to boost NSea output
Reuters - Aug 6, 2008
DUBAI, Aug 7 (Reuters) - Abu Dhabi National Energy Co TAQA.AD plans to invest 750 million pounds ($1.46 billion) sterling over three years to boost oil output from North Sea operations, the company's chief executive said on Thursday.

Tarin Hills €2.5 billion by Damac Properties

Brochure showcases idyllic properties for sale - in Iraq
Irish Times - Dublin,Ireland
The brochure for Tarin Hills, a resort to be built near Erbil, the capital of the autonomous Kurdistan region of northern Iraq, ...Developer Damac Properties, which has an office in Dublin, also highlights that Tarin will be a "fully gated community with security fence, checkpoints, ... Damac, which is based in Dubai, has signed a €2.5 billion deal to build a new community in what is currently dusty foothills, home to a few families and shepherds ...