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. ...