Abu Dhabi Airport Company (ADAC) to Award US $6.8 Billion Contract to One of Three Firms.

Three firms vie for US $6.8bn Midfield Terminal expansion
Construction Week Online - Dubai, United Arab Emirates
The Abu Dhabi Airport Company (ADAC) will award the US $6.8 billion (AED25 billion) contract for expansion of its Midfield Terminal at Abu Dhabi International Airport to one of three firms.

The contractors that have made the shortlist are France-based Aeroports de Paris, Turkey-based TAV Construction, and Germany-Based Hochtief. ...

Lavish Highlands Lodge Gets Go Ahead

Dubai Ruler Gets Go-ahead for Lavish Highlands Lodge
Buzzle - Costa Mesa, CA, USA
The billionaire ruler of Dubai has been given permission to build a new 16-bedroom holiday home in the Highlands after councilors rejected official advice that the proposed design was an eyesore best suited to a business park. ...

Sonus Networks Inc. To Cut Staff

Sonus cuts jobs, adds board seats
Bizjournals.com - Charlotte, NC, USA
Sonus Networks Inc. announced Tuesday evening a plan to cut its global workforce by 4 percent, or 40 people.

The announcement was made in a regulatory filing with the Securities and Exchange Commission.

U.A.E. To Become the First Arab Nation to Develop Nuclear-power Industry

US to Sign Nuclear Pact With UAE
Wall Street Journal - USA
WASHINGTON -- The Bush administration plans to sign a nuclear-cooperation agreement with the United Arab Emirates on Thursday, according to officials involved in the negotiations, despite concerns in Congress.

26,000 New Jobs in Telecom City - Tunisia

UAE telecom project to create 26000 jobs in Tunisia
magharebia.com - USA
Vision 3, a consortium of Gulf Finance House, Ithmaar Bank and Abu Dhabi Investment House, announced the launch on Tuesday (January 14th), of the 3 billion-dollar Tunis Telecom City (TTC) project. TTC will be a telecom city in Tunis designed to integrate in one location the infrastructural, research and development, educational and support services that will allow telecom and IT sector entities to flourish. ...

AED 1.45 Billion Financing Approved for Zayed University Campus in Abu Dhabi

UAE's ADIB OKs AED1.45B Loan To Al Habtoor JV
Zawya

Abu Dhabi Islamic Bank (ADIB), one of the region's leading Islamic banks, has confirmed a AED1.45 billion financing agreement for a joint venture between contractors Al Habtoor Engineering Enterprises Company LLC and Murray & Roberts Contractors (Abu Dhabi) LLC, to support the development and expansion of Zayed University's campus in Abu Dhabi. ...

Dubai could Overtake Hethrow as an International Business Hub

Dubai could overtake Heathrow as international hub, business leaders warn
Telegraph.co.uk - United Kingdom
With a Government decision on Heathrow's expansion imminent, business and trade union leaders joined forces to plead its case.
"Dubai is a very direct threat to Heathrow," said Lord Soley, the head of the Future Heathrow campaign and former Labour MP.