Korea Electric Power Corp Wins US$ 2.5 Billion Power Plant in Saudi Arabia

Korean-Led Gp Wins $2.5B KSA Power Plant Order
Zawya

SEOUL, Dec 15, 2008 (AFP) - A consortium led by Korea Electric Power Corp has won an order to build a 2.5 billion dollar thermal power plant in Saudi Arabia, the state-run utility firm said Monday. …

Top Executive Prefer Dubai as a Financial Hub

Dubai remains an attractive financial hub for top executives
AME Info
Despite recently announced lay-offs at some banks, Dubai remains an attractive financial hub for top executives. ...

Dubai Maritime City Unveils New ECO-friendly Facility for Boat Lift

Dubai Maritime City unveils new eco-friendly facility for boat lift, cleaning and maintenance services
Mena Report

Dubai Maritime City, the world's first purpose-built maritime centre and part of the Dubai World Group of companies, has announced that boat owners can now avail of new services within the integrated maritime centre including boat lifts, hull cleaning, general below waterline maintenance such as anode replacement, and re-launches in less than one hour.

Port Kembla Outer Harbor Master Plan at USD 1200 Million

Port Kembla to get USD 1.2 billion transformation
SteelGuru - Gurgaon, Haryana, India
Mr Nick Whitlam chairman of Port Kembla Port Corporation has foreshadowed the transformation of the south of Sydney facility at a cost of about USD 1.2 billion to alleviate bottlenecks in the State's other ports. ...

Ain Al-Fayda Villas to be Released by Al-Qudra Real Estate at Acres 08 - Sharjah Expo

Al Qudra Real Estate to release further villas in Ain Al Fayda at Acres 08/ Sharjah Expo
AME Info - United Arab Emirates
Al Qudra Real Estate AQRE) is the Platinum Sponsor at ACRES 2008 scheduled to take place from the 15th to 18th December, 2008 at the Expo Center in Sharjah and will showcase projects at stand number 100. ...

 

MGM To Sell Treasure Island

MGM To Sell Treasure Island For $775 Million; Shares Surge
CNNMoney.com - USA
NEW YORK -(Dow Jones)- MGM Mirage (MGM) said Monday it will sell its Treasure Island Hotel & Casino on the Las Vegas Strip to Ruffin Acquisition LLC for $775 million. ...

Convergys Opens New Office in Smart Village Cairo

Convergys Opens New Office in Cairo
Zawya - United Arab Emirates
Cincinnati and Cairo; December 16, 2008: Convergys Corporation (NYSE: CVG), a global leader in relationship management with some 75,000 employees in many countries around the world, announced today it has opened a new office in Smart Village Cairo, the first fully operational technology and business park in Egypt. ...

Second ACRES Real Estate Exhibition Hosting 100 Firms

Second ACRES real estate exhibition kicks off in Sharjah
GulfNews - Dubai, United Arab Emirates
Dubai: The second ACRES real estate exhibition kicked off in Sharjah yesterday with over 100 real estate firms participating.Shaikh Saud Bin Khalid Bin Sultan Al Qasimi, a consultant in the Sharjah Ruler's office, opened the event and conducted a tour of the exhibition space. ...

Hamptons International Opens New Property Office in Abu Dhabi

Hamptons opens flagship sales office in Abu Dhabi with extensive extensive new property portfolio
Business Intelligence Middle East (press release) - United Arab Emirates
UAE. Hamptons International, a premier one-stop property services company, has opened its flagship office in Abu Dhabi in a central location near the Corniche offering easy access for customers. The flagship office follows the opening of the company's first Abu Dhabi office in May.

Dubai Plans to Construct World’s First Refrigerated Beach

Dubai plans to build refrigerated beach.
Think Progress - Washington,DC,USA
Dubai is planning to construct the world's first refrigerated beach. A system of heat-absorbing pipes and giant wind blowers will "keep tourists cool in the searing 40-50C heat. ...

Equipment Installation at Sheikh Khalifa bin Zayed Hospital in Lebanon Begun

UAE begins fitting of Sheikh Khalifa hospital in Lebanon
WAM - Emirates News Agency - Abu Dhabi, United Arab Emirates
The Emirates Initiative for Support and Construction of Lebanon has commenced installation of equipment at the Sheikh Khalifa bin Zayed hospital in Lebanon.
The hospital is being built under instructions of UAE President H.H. Sheikh Khalifa bin Zayed Al Nahyan. ...

UAE Has Adequate Liquidity for Local Banks

UAE has no liquidity problems, says Al Suweidi (Final ADD)
WAM - Emirates News Agency - Abu Dhabi,United Arab Emirates
WAM XXX today Suweidi said that the UAE Central Bank has adequate resources to pump liquidity to the local banking system, adding that that the government has issued treasury bonds to cover the amount of the stimulus package given to the local banks recently. ...

Four UAE Bank Rating Changed Downwards

Moody's Changes Outlooks on Four Uae Banks
istockAnalyst.com (press release) - Salem, OR, USA
((Source: Info-Prod Research (Middle East)) Moody's Investors Service has today announcedthat it has revised downwards the outlooks on the ratings of four banksbased in the United Arab Emirates (UAE). ...

Qatar’s Strong Economic Performance to Grow 10% in 2009

Qatar economy poised to grow 10% in 2009
Arab News - Jeddah, Saudi Arabia
JEDDAH: Despite global financial turmoil, looming world recession and falling oil and gas prices, Qatar's economy looks poised to grow some 10 percent in real terms in 2009. Qatar's strong economic performance is being fueled mainly by growth in the country's LNG exports. ...