Arendt & Medernach Expands to Dubai

Arendt & Medernach opens representative office in Dubai
AME Info
This week Arendt & Medernach, one of the largest law firms in Luxembourg, following similar expansions in Brussels, New York and London, opened a new office in Dubai within the Dubai International Financial Centre (DIFC). ...

Dubai's First Modern Art Museum in ME a Dh50 Billion Landmark

Dubai Creek to Have Dh50 Billion First Modern Art Museum in ME
Khaleej Times - Dubai, United Arab Emirates
DUBAI — Dubai Creek will have the region's first Museum of Middle East Modern Art (MOMEMA) by 2011. A Dh50 billion Dubai Properties' landmark project will cover an area of 25,000 sqm and serve as a hub of multicultural understanding and a tourist destination. ...

Saudi Real Estate to Boom Next Four Years

Saudi Real Estate Market Set to Record Big Growth
Trading Markets (press release) - Los Angeles, CA, USA
...The Saudi Arabian real estate market is set to grow significantly over the next four years, according to a new report from Jones Lang LaSalle (JLL), a leading international real estate investment and advisory firm, which opened offices in Riyadh and Jeddah on Tuesday. ...

Massive Dhs 2.67 Billion Education Park in Ras Al-Khaimah

UAE: Education Mega-Park Planned

Gulfnews

Ras Al Khaimah: The emirate plans to invest Dh3.67 billion to create a massive education park.

The park will cover five million cubic metres and will eventually accommodate international academies and colleges presently signed up in the Free Trade Zone. ...

Mubadala Development Company and Dubal to Build $5 Billion Aluminium Smelter

UAE firms sign $5bn Saudi smelter deal
ArabianBusiness.com

Emirati firms Mubadala Development Company and Dubal signed a memorandum of understanding on Wednesday to build an aluminium smelter for more than $5 billion, the companies announced.
The agreement on the 700,000 tonnes a year smelter was signed with Saudi Arabian General Investment Authority and the joint investment firm Emaar Economic City, they said. ...

Dubai may Hire International Banks to Cope with Credit Crisis

Dubai May Pick Banks to Advise on Credit Crunch, Official Says
Bloomberg
Nov. 27 (Bloomberg) -- Dubai may hire one or more international banks to give advice on how to cope with the credit crisis, a government official said.

Talks have focused on Dubai's specific needs and "how these banks have been assisting some other governments around the world,"...