Dubai is First City in the Gulf to Licenses Fully Electric Cars

Dubai roads welcome first electric car
AME Info

In a significant step towards fulfilling Dubai's vision for sustainable transport, Dubai roads welcomed for the first time, fully electric cars yesterday, making it the first city in the Gulf to license electric cars.

The electric cars, licensed to Dubai-based business conglomerate S.S. Lootah Group, are the latest addition to the company fleet as part of its 'Green Car' Program. ...

Ajman Continues with Big Dhs 3Bn Real Estate Projects

Ajman Marina prepares infrastructure for big projects with Dhs3bn
AME Info - United Arab Emirates
Ajman continues to pave the way for big real estate projects to be developed in the emirate by continuing to execute various infrastructure projects, including road networks, and water and drainage systems.

Regional Real Estate Crunch will Ultimately Benefit the End Users

Business Intelligence Middle East

End users expect to benefit from regional real estate crunch
Business Intelligence Middle East (press release) - United Arab Emirates
UAE. In one of the first surveys conducted with nationals and expatriates since the real estate industry in the UAE took a downturn a month back, fully two-thirds of those polled feel that the current scenario will ultimately be to the end users' benefit. ...

Sunland Group Limited (SDG) JV with EWM Group to deliver $2.2 Billion Tower Development in Dubai.

Sunland signs JV for Dubai tower
LIVENEWS.com.au - Sydney, NSW, Australia
Sunland Group Limited (SDG) has entered into a joint venture with EWM Group to deliver its new $2.2 billion tower development in Dubai. The company also reiterated its fiscal 2009 profit forecast of $109 million.

Under the joint venture agreement EWM said it would take a 40% interest in The Atrium development for about $85 million. ...

Flowcrete Middle East Secured a Project to Install Isocrete Acoustic K at Fairmont Palm Residence Hotel and Resort

New Flowcrete Acoustic Screed Combo For Top Dubai Development
PRLog.Org (press release) - Bucuresti, Romania
The global flooring company – which has its headquarters in Sandbach, Cheshire - has secured a project to install Isocrete Acoustic K at the luxury Fairmont Palm Residence Hotel and Resort, being built within the exclusive Palm Jumeirah Development in Dubai.  ...

Paris Hilton Towers $2 Million Deal

'Paris Hilton Towers'?
GulfNews - Dubai,United Arab Emirates
Paris Hilton could be the latest in a constellation of stars to light up Dubai's property sector, in a possible $2 million (Dh7.3 million) deal with Abu Dhabi-based developer, Hydra Properties. ...

How Property Owners Can Overcome World Financial Crisis Quickly

Property developers look to rentals to secure revenue
The National - Abu Dhabi,United Arab Emirates
As property developers reassess their strategies in anticipation of a slowdown in sales, some are looking to the residential rental market to secure long-term revenue.

Developers are also focusing more on accelerating the delivery of pre-sold property, while some are taking a more measured approach to project launches. Until now, major developers have mainly built property to sell. ...

Britain's Biggest Hotel Brand "Premier Inn" Signs JV with Emirates Group

Premier Inn In JV To Develop Hotel Brand In Oman
Zawya - United Arab Emirates

Britain's biggest and fastest growing hotel brand, Premier Inn, has announced the signing of a joint venture to introduce the mid-market hotel chain to Oman.

This new venture marks the beginning of a strategic partnership with His Excellency Abdul Alim Bin Mustahail Bin Naseeb Rakhyoot and Premier Inn Hotels LLC, a joint venture between Premier Inn and The Emirates Group, to develop the Premier Inn brand within the Sultanate of Oman. ...

Makkah-Jeddah-Madinah Railway to Cost US $9.57 Billion

Saudis To Embark On Railway Project
Zawya - United Arab Emirates

The Saudi Railway Organisation (SRO) is soon embarking on implementing one of its ambitious projects - the Makkah-Jeddah-Madinah railway at a cost of Dh19.57 billion (SR20 billion). According to SRO sources, the route for the Makkah-Madinah Railway Link (MMRL) project and the locations for stations in Makkah, Jeddah and Madinah have already been finalised. ...

Private Investment in Middle East Infrastructure Report

Infastructure Needs Rapidly Outstripping Resources
Zawya - United Arab Emirates

With the construction costs rising and financing squeeze hitting the GCC, infrastructure needs are rapidly outstripping the region's public resources despite experiencing years of massive oil windfall, Ernst & Young said in a report yesterday. ...

Shell Evaluates Joint Exploration Deal with ADNOC

Abu Dhabi, Shell Sign MoU For Gas Exploration
Zawya - United Arab Emirates

Abu Dhabi National Oil Company (ADNOC) and Shell Abu Dhabi B.V. (Shell) signed a Memorandum of Understanding (MoU) today under which Shell will evaluate potential joint exploration, development and production with ADNOC Abu Dhabi National Oil Company of offshore deep gas fields prospects in Abu Dhabi. Once the evaluation is completed, Shell hopes to move forward rapidly with final agreements in order to quickly begin joint exploration and development activities. ...

Great Properties Launched a Leasing Department

GREAT Goes the Extra Mile with Property Leasing Department A honest and straightforward attitude
Al-Bawaba - Amman, Jordan
GREAT PROPERTIES, a UAE-based real estate agency, has officially announced the launch of its leasing department, promising customers honest and friendly service and setting GREAT PROPERTIES apart from other agencies locally and regionally. ...

Saudi Binladin Group Awarded SR239M by Emaar

Emaar EC Awards SR239M Deal To Saudi Binladin Group for construction of N-S Coastal Road
Zawya - United Arab Emirates

Emaar, The Economic City (Emaar.EC), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has awarded a SR 239 million contract to Saudi Binladin Group to undertake construction of the North-South Coastal Road ...

Dana Eye Four Gas Cities

UAE's Crescent, Dana eye 4 gas cities
Reuters - USA
DUBAI (Reuters) - The UAE's Crescent Petroleum and affiliate Dana Gas DANA.AD are planning to set up at least four gas cities in the Middle East and North Africa region as it seeks to tap growing demand for hydrocarbons. ...

Western Firms and Governments are Turning to Top Oil-Exporting for Money

Cash-strapped West looks to wary Gulf in crisis
Reuters - USA
Western firms and governments are turning to the world's top oil-exporting region for money as the global crisis bites, but Gulf funds that lost billions in the turmoil may be more choosy with their cash as oil income falls. ...

Middle East Oil and Gas Producers Urged to Continue Pumping Funds in the Industry

Low oil price should not deter output expansion: UAE minister
AFP
UAE Minister of Energy H.E. Mohammed bin Dhaen Al Hamili urged today the Middle East oil and gas producers to continue pumping funds in the industry despite the downturn of world oil prices. ...

Conoco Pushing UAE Gas Project Deal Despite Global Financial Markets

Conoco to push on with UAE sour gas project
Reuters - USA
US ConocoPhillips is pressing ahead with its multi-billion dollar project to develop a sour gas field in the United Arab Emirates, despite turmoil in global financial markets, a senior executive said on Monday. ...