United Arab Emirates Bank Files Lawsuit Against US Fund

UAE bank eyes support in lawsuit over US fund
Reuters - USA
DUBAI, Aug 26 (Reuters) - A United Arab Emirates bank said on Tuesday it expected other Gulf Arab investors to back a lawsuit it has filed against major US financial institutions over a fund that collapsed in the U.S. credit crisis.

More Contracts Awarded to Dubai Contacting Company at Dubai Marina

Dubai Contracting awarded more tower work at Dubai Marina
MEED - Dubai,United Arab Emirates

Dubai -- Dubai Contracting company (DCC) was recently awarded the main contract to build a new residential tower in Dubai Marina valued at Dh265,000,000. ...Erga Progress are the consultants on the project, on which construction is expected to start before the end of this year.

Nobles Investments Dubai, a Dh4 Billion New Real Estate Development Company

Dh4 billion Nobles Investments to launch high-end real estate projects
GulfNews - Dubai,United Arab Emirates
Dubai: Nobles Investments, a newly established Dh4 billion real estate development company, has started operations in Dubai. The company will focus on the real estate markets in the UAE and the Middle East. ...

Bharat Heavy Electricals Wins 2 Gas Turbine Contracts in UAE

India's BHEL gets $32 million UAE contract
Reuters - USA
MUMBAI, Aug 26 (Reuters) - Indian state-run power equipment maker Bharat Heavy Electricals Ltd said on Tuesday it had won a contract for two gas turbine generating units worth 1.4 billion rupees ($32 million) from the United Arab Emirates. ...

Dubai Towers in Doha-Qatar Wins 3 Awards

Top Awards for Sama Dubai's Doha Project
Gulf Times - Doha,Qatar
THE Dubai Towers-Doha project has won honours in three categories at the CNBC Arabian Property Awards 2008, a company spokesman said. The project is being developed by Sama Dubai, the international real estate investment and development arm of Dubai Holding. The awards for Property Marketing, High-Rise Architecture and Best Developer Website...

Al Sayegh Group Investing AED 40 Million for Expansion

Al Sayegh plans Dh40m expansion
GulfNews - Dubai,United Arab Emirates
Duba:i Al Sayegh Brothers, part of Abu Dhabi-based Al Sayegh Group, is investing Dh40 million to open six more Electronics For You (e4u) outlets by 2010 as part of expansion drive, a top official said. ...We have also entered a joint venture with Aldar Properties to implement this system for the Al Raha Beach Development," he said. ...

Dubai's Fortune Group International Plans 5 Projects for AED 2.5 Billion

Fortune Group plans five projects worth Dh2.5bn
Zawya - United Arab Emirates
Fortune Group International, a Dubai-based developer, will announce five projects worth Dh2.5 billion by December, a top company executive said.  "The five projects will have a built-up area of two million square feet. We will be launching a residential project, Fortune Bellevue in Park View master development," Saeed Zuberi, Chief Executive, Fortune Group International told Emiartes Business.

Dubai Properties' Culture Village Nears Completion

Dh50 billion Culture Village inches closer to completion
GulfNews - Dubai,United Arab Emirates
Dubai: Dubai Properties, master real estate developer and a subsidiary of Dubai Properties Group (DPG), a member of Dubai Holding, announced that the Dh50 billion Culture Village project has crossed key construction milestones, including the completion of 90 per cent of the Dh1 billion infrastructure works.

New Project Developments in UAE and Overseas Expansions

Champion Golfer Tiger Woods Unveils New Master Plan for The Tiger Dubai Project
MarketWatch - USA

DUBAI, United Arab Emirates, August 25, 2008 /PRNewswire via COMTEX/ -- Tiger Woods, the world's number one golfer, today officially unveiled the new master plan for The Tiger Woods Dubai, the exclusive residential golf community development and a member of Tatweer. ... Tiger Woods said: "I am proud of my partnership with Tatweer, which has excelled in developing The Tiger Woods Dubai project and bringing it to this advanced stage. With its remarkable commitment, Tatweer has demonstrated its capability to implement the project according to the scheduled timeframe. ...

 

Dubai's Tatweer eyes 2009 overseas expansion drive
Reuters India - Mumbai,India
DUBAI, Aug 25 (Reuters) - Tatweer, a Dubai leisure developer with assets of $175 billion, is looking to join forces with some of the world's biggest theme park developers including Dreamworks Animation SKG Inc to expand outside the region. ...The Dubai developer has also signed a $2.2 billion project with General Electric Co's Universal Studios and teamed up with Blackstone Group LP's England-based Merlin Entertainment Group to build the Middle East's first Legoland theme park. ...

 

International Airport in UAE Selects VideoSphere Solution with Integrated Analytics for Enhanced Security
Earthtimes (press release) - London,UK
OTTAWA, Aug. 25 /PRNewswire-FirstCall/ - March Networks(R) (TSX:MN), a leading provider of intelligent IP video and business analysis applications, announced today that Ras Al Khaimah (RAK) International Airport has selected the VideoSphere(TM) intelligent video management solution to enhance passenger and asset security in its main terminal and adjacent facilities....The airport is in the midst of a US $16 million renovation and expansion project, which includes two new terminals, a VIP lounge, automated passenger and baggage handling facilities, and a cargo collection center. ...