Dubai Companies Gets $8 Billion Finance from Citigroup

Citigroup Arranged $8 Billion of Financing for Dubai Companies
Bloomberg
Dec. 15 (Bloomberg) -- Citigroup Inc. , the global bank that got a $45 billion government bailout, "recently" arranged more than $8 billion of financing for government-owned companies in Dubai. ...

Wärtsilä's Dubai Receives Major Overhauling Orders

PRESS RELEASE: Wärtsilä's New Workshop In Dubai Receives Major Overhauling Orders
Nasdaq
Wärtsilä Corporation, Trade & Technical Press Release, 15 December 2008 Wärtsilä's new state-of-the-art workshop in Dubai, United Arab Emirates, is already proving its value to customers, even though it was inaugurated only in the spring of this year. ...

Dubai Repays $1.2 Billion MGM Loan

Dubai Repays $1.2 Billion MGM Loan on Refinance Cost (Update1)
Bloomberg
Dec. 15 (Bloomberg) -- Dubai World, an investment company owned by the Dubai government, repaid the outstanding $890 million of a loan it took to fund the purchase of a stake in MGM Mirage as the cost of refinance was "uncompetitive." ...

13 Hilton Garden Inn Property Deals

First ME Multi-Unit Hilton Garden Inn Deal Signed
Zawya

Dubai: 14 December, 2008 - Hilton Hotels Corporation has entered into a non-exclusive Strategic Development Agreement (SDA) with the Abdulmohsen Al-Hokair Group for Tourism and Development, with the potential to deliver 13 Hilton Garden Inn properties (comprising 2,500 rooms). ...

Architects Working on a Multi-million Project in Dubai

Belfast architects' firm designs towering £125m Dubai project
Belfast Telegraph - United Kingdom
A firm of architects is working on a multi-million project in Dubai — from their offices in Belfast.

RKD, which employs 10 people at its Lisburn Road office, successfully tendered for work on two multi-storey tower blocks in Meydan City and on Jebel Ali, a man-made island with the world's biggest artificial harbour.

The towers are costing developers £125m and should be finished by the middle of next year. ...

Bahrain Encourages Family Tourism

New projects to power growth
Gulf Daily News - Manama, Bahrain
THE increase in commercial complexes in Bahrain will further provide job opportunities and strengthen the role of the services sector, Crown Prince and Economic Development Board chairman Shaikh Salman bin Hamad Al Khalifa said yesterday. ...

Arkan to Supply Major Building Materials to Aldar

Over 40 Industrial Units to be Set Up in New Al Ain Industrial Park
Khaleej Times - Dubai, United Arab Emirates
The Aldar MoU announcement stated that Arkan would become a major supplier of building materials to Aldar and it is expected to lead to a number of joint ...

Telenity Regional Office in Dubai

Telenity Opens Regional Office in Dubai
MarketWatch - USA

MONROE, Conn., Dec 14, 2008 (BUSINESS WIRE) -- Telenity, a leading provider of next generation converged services platforms and applications for communications networks, announced today that, it will open a regional office in Dubai, United Arab Emirates by January 2009 to serve its existing and future customers and partners in the Middle East and Africa (MEA) region. ...

UAE Real Estate Dubai Market at "Tripping Point'

Dubai property prices up 4%, but market at 'tipping point', says HSBC
Business Intelligence Middle East (press release) - United Arab Emirates
UAE. Dubai property prices rebounded in November but may be approaching a "tipping point" as the number of homes advertised for sale surged, according to the latest research by HSBC Holdings. ...