Seventh Hotel Under Al-Habtoor Hotels Management Umbrella Commences

Habtoor commences Dubai hotel project
Middle East North Africa Financial Network - Amman,Jordan
Rahim Abu Omar, Chief Executive of Al Habtoor Hotels, said that the company has launched the construction of the project Habtoor Island Resort & Spa which costs $326.7 million on the Palm Jumeirah, Gulf News reported. Rahim said that the new project is the seventh hotel under the umbrella of Habtoor Hotels' management. ...

DP World To Operate and Develop Container Handling in Port of Aden - Yemen

DP World Takes Over Port Operations In Yemen
In a joint venture partnership with the Yemen Gulf of Aden Port Corporation, which also includes prominent Saudi Arabian company House of Invention International, DP World will operate and further develop container handling facilities in the port of Aden. Sheikh Abdullah Bugshan of House of Invention International is Chairman of the joint venture company. ...

GCC Power Grid 85% Completed

Gulf Power Grid To Be Operational Soon
Zawya - United Arab Emirates

The first phase of the GCC power grid will be operational soon following the signing of a series of agreements related to the project, the Minister of State for Energy and Industry Affairs, HE Dr Mohammad Saleh Al Saddah said here yesterday. …

 

Lebanon To Join WTO

Lebanon Set To Join WTO By 2009

Zawya - United Arab Emirates

Lebanon is expected to join the World Trade Organization (WTO) by the end of 2009, a senior official at the Trade and Economy Ministry has said. "Lebanon is not late for accession to the WTO which is a process that goes through several phases and requires extended periods of negotiations," Lama Ouweijan, an adviser to the Lebanese economy and trade minister, told The Daily Star

Tower Gate Capital Limited to Acquire Anglo-Ukr-Energy

Trading Update (Ukraine Oil Project)
Market Wire (press release) - USA
TOWER GATE CAPITAL LIMITED Trading Update The Directors of Tower Gate Capital Limited ("TGC" or "the Company") are are pleased to announce the  Company  has established a Swiss based company, AU Energy GMBH ("GMBH") for the  purposes  of forming a consortium to acquire the Ukrainian company, Anglo-Ukr-Energy ("AUE"). ...

World-Class Golf Course in the Esmeralda Residential Worth SR147m Awarded to Rabya Trading & Agriculture Co. by Emaar

Emaar, The Economic City awards SR147m contract to Rabya Trading and Agriculture for building golf course in Esmeralda residential suburb within KAEC
AME Info

Emaar, The Economic City, the Tadawul-listed company developing King Abdullah Economic City (KAEC), has awarded a SR147m development contract to Rabya Trading & Agriculture Co. for developing a world-class golf course in the Esmeralda residential suburb within KAEC. The work is scheduled for completion within a year. ...

UAE Participates in the International Property Show Moscow 2008

Ministry of Foreign Trade heads UAE delegation at Moscow property show
Business Intelligence Middle East (press release) - United Arab Emirates
UAE. The Ministry of Foreign Trade (MoFT) has announced its participation at the 'International Property Show Moscow 2008', aiming to harness the outstanding opportunities within the biggest international investment exhibition in Russia. ...

First International Property Show at Crocus Expo Center Moscow November 10-122008

Property show to bring Russia, UAE together
Moscow News - Russia
The first International Property Show Moscow 2008, organizaed by Strategic Marketing and Exhibitions, will take place in the Crocus Expo Center from November 10-12. The show is expected to attract some of the leading experts from both Russia and the Middle-East. ...

UAE Banks Borrowed 80 Percent of 25Bn Dirham Liquidity Package

7bn UAE lifeline
Gulf Daily News - Manama,Bahrain
DUBAI: The UAE's finance ministry will make available 25 billion dirhams ($6.81bn) to banks next week as the second part of a support package. UAE banks have borrowed 80 per cent of the first 25bn dirham liquidity package allocated last month...

Markus Giebel Deyaar's Chief Executive: Deyaar is Looking for Acquisition of Distressed Realty Firms

Deyaar Looking For Distressed Realty Firms For Acquisition
Zawya - United Arab Emirates

Deyaar Development Company, which expects record fourth-quarter profit, is keeping an eye on distressed real estate firms across the region for potential acquisitions over the next year, its chief executive said. ...