Lebanon Real Estate Sector - Economic and Strategic Outlook

Real Estate back on track
Al-Bawaba - Amman, Jordan
...The project is developed by Solidere of Lebanon and Deyaar of UAE. It will be located in the Beirut Central District. Beirut Gate - A US$600mn projects by Abu Dhabi Investment House which will be an integrated commercial and residential sea-view project..

Abu Dhabi Investment House is Planning $1.5 Billion Private Equity Fund in Real Estate and Manufacturing in China

Abu Dhabi Investment House eyes China fund
HedgeCo.net - West Palm Beach, FL, USA
Reuters China - Abu Dhabi Investment House, a Gulf Arab bank, is planning a $1.5 billion (824 million pounds) private equity fund to invest in real estate and manufacturing in China with a local partner, a senior executive said on Sunday.

An agreement to launch the fund will be signed within two months, said Rashad Janahi, ADIH's managing director. ...

Shayma Tower in Kuwait Launched

AREC plans KD 7mn tower
Arab Times - Kuwait
KUWAIT CITY, Dec 1: Action Real Estate Co (AREC), a leading real estate developer, announces the launch of their latest new business project named Shayma Tower located in Mirqab one of the most popular business are in the capital of Kuwait. ...

 

Jana Treeck Dubai Country Director

Oxford Business Groups appoints Jana Treeck Dubai Country Director
AME Info
Oxford Business Group (OBG), the highly acclaimed global publishing, research and consultancy firm, has appointed Jana Treeck as Dubai Director. ...

United Design International (UDI) at Dubai Index 2008 Edition

United Design International to capitalize on regional trend towards luxury interiors at Index Dubai 2008
AME Info

United Design International (UDI), an international luxury interior design and build company headquartered in Abu Dhabi, UAE, joins Index Dubai, the Middle East's premier furnishings and contract interior design show, for the first time as the event's 2008 edition opens tomorrow. ...

Dubai's Property Giants to Invest in Philipines

2 property giants from China, Dubai keen on investing in RP
Business Mirror - Philippines
...The Department of Environment and Natural Resources (DENR) chief revealed that two property giants from China and Dubai have already expressed their intention of investing in the Philippines so far. ...

WWA Group Inc. at the Big 5 Plant Machinery and Vehicle Exhibition 23 - 27 Nov 2008

WWA Group Exhibits at Big 5 Show in Dubai
MarketWatch - USA
DUBAI, United Arab Emirates, Dec 02, 2008 (BUSINESS WIRE) -- WWA Group, Inc. today announced the exhibition of its services at the Big 5 Plant Machinery and Vehicle Exhibition in Dubai held from November 23 - 27, 2008 at the Dubai International Exhibition and Convention Centre. ...

New Five-star Hotel on Macau's Cotai Strip

Shun Tak Plans New Macau Hotel
Wall Street Journal - USA
HONG KONG – A member of Macau's Ho casino family unveiled preliminary plans Tuesday to develop a new five-star hotel on Macau's Cotai Strip, even as hotel and casino operators there grapple with a sharp slowdown and travel restrictions from mainland China. ...

Why Dubai Continues to Grow Despit World Crisis

10 reasons why people continue to make Dubai their home
Kipp Report - Dubai, United Arab Emirates

The media has been debating whether Dubai's bubble is going to burst, but the emirate continues to attract people.

Although Dubai's economic health is in question, thousands of people from across the world continue to move into the emirate. Here are 10 possible reasons why:

Special Report: Global Financial Crisis Effect on UAE

Yearender: Global financial crisis takes toll on UAE
Xinhua - China
ABU DHABI, Dec. 2 (Xinhua) -- The financial crisis sweeping the world that emerged from Wall Street has taken its toll on the United Arab Emirates (UAE), sending the Gulf oil producing country's economy into an uncertain path. ...

Meraas Development Revised Plans for Satwa

Revised plans for $95bn Satwa plan 'early in 2009'
ArabianBusiness.com - Dubai, Umm al Qaiwain, United Arab Emirates
Meraas Development, the company behind a $95 billion redevelopment of the Satwa area of Dubai, said on Tuesday it would reveal revised plans for the mega-project in early 2009. ...

Report on Rescue Plan for Dubai

Rescue plan for Dubai
The Move Channel - London, UK
A new report focusing on the Dubai property market has outlined a rescue plan for the emirate's faltering property market...

Suhail Tower Dhs 1.4 Billion Launched

Al Madar Group launches the Dh1.4bn Suhail Tower
Vista Dubai - Leeds, England, UK
A leading property developer in GCC, Al Madar Investments, an arm of the Al Madar Group, has launched the Dh.1.4bn worth residential project, the 'Suhail Tower', at the Madinat Al Arab area of Dubai Waterfront. ...

Bahrain to Beat World's Largest Economies

Bahrain To Outperform US, Europe In '09
Zawya

MANAMA: Bahrain is set to beat the world's largest economies, including the US and Western Europe, with a forecast of 3.5 percent gross domestic product (GDP) growth next year, a senior economist said. ...

Lebanon's Economy Immune from Crisis Threat

Axing of jobs in the Gulf adds to fears about recession hitting Lebanon
Daily Star - Lebanon - Beirut, Lebanon
BEIRUT: Economists and experts on Monday were divided on the impact of the global recession on Lebanon with some saying that the country is still immune from the crisis while others expect lower Gross Domestic Product (GDP) growth in 2009. The threat of a looming economic crisis in Lebanon has become more evident amid news that some of the large real estate and contracting firms in Dubai have started laying off parts of their staff due to a lack of liquidity. ...

Nakheel's $15 Billion IPO

Nakheel may Seek $15b IPO
Khaleej Times - Dubai, United Arab Emirates
DUBAI - Nakheel is considering an initial public offering of as much as $15 billion and is looking for IPO managers, two bankers with knowledge of the matter told Bloomberg. ...

Dascam Consulting Consultancy Acquired by Altra Electronic Holdings Plc for $19 Millions

UPDATE 1-Ultra Electronics buys UAE consultancy for $19 mln
Reuters - USA
Dec 1 (Reuters) - British defence and aerospace company Ultra Electronics Holdings Plc (ULE.L) said on Monday it acquired Dascam Consulting, a United Arab Emirates-based consultancy, for $19 million. ...

Aabar To Buy AIG Private Bank for $254 Millions

UPDATE 1-AIG to sell AIG Private Bank to UAE's Aabar
Reuters - USA
Dec 1 (Reuters) - American International Group Inc. (AIG) on Monday said it has agreed to sell its private banking unit to Abu Dhabi-based Aabar Investments PJSC AABAR.AD for 307 million Swiss francs ($254 million), as the insurer sheds assets to pay back some costs of its $152 billion federal bailout. ...

China National Petroleum Corp. Won $3.29 Billion Project United Arab Emirates

China's CNPC gets $3.29 bln UAE pipeline project
The Associated Press
SHANGHAI, China (AP) — China National Petroleum Corp. has won a bid to build a $3.29 billion pipeline in the United Arab Emirates, its largest overseas construction project so far, the official Xinhua News Agency reported Monday. ...

Chinese Investments in Dubai Real Estate

Chinese Investors Channel Over US$36 Million Into Dubai Real Estate
Bernama - Kuala Lumpur, Malaysia
DUBAI, Dec 1 (Bernama) -- Chinese investors have channelled over US$36 million (Dh132 million) into the real estate sector in Dubai in the first three ...

David Lloyd Moving into Overseas Property Business

Ex tennis pro to buy Dubai property
Overseas Property and Investment News - London, UK
Overseas property investors who have been thinking of making purchases in Dubai may wish to follow Mr Lloyd - who is investing £3 million of his own money. ...

Dubai's Al Salam Investment to Create Islamic Finance Powerhouse

Al Salam Investment Links With Germany Nordbank
Zawya

Financial institutions in Dubai are gearing up for an Islamic finance-led upswing in the regional economy with Al Salam Investment (ASI), the Dubai-based investment company, the latest to launch a major initiative in the sector. …

Dubai Investments Signs an Agreement with Swiss-Attixs

Dubai Investments Ties Up With Swiss-Attixs International Hotels Group of Switzerland for the Development of Dubai President Club & Spa Suites
Zawya

Dubai Investments PJSC has signed a milestone Strategic Framework Agreement (SFA) with Swiss-Attixs International Hotels Group (SAIH) of Geneva, Switzerland today for the development of Dubai President Club and Spa Suites. The agreement was signed by Khalid Kalban, MD & CEO of Dubai Investments and Robert Galli, Executive Director of SAIH …