International Assets Holding Corporation Purchased 50% of Partner's Stake in Dubai Commodities

International Assets Buys Partner's Stake in Dubai Commodities Business
Press Release Network

International Assets Holding Corporation (the 'Company') (Nasdaq:IAAC) today announced the purchase of the 50% interest held by Nilesh Ved in INTL Commodities DMCC, the Company's Dubai commodities joint venture. As a wholly-owned subsidiary of the Company, INTL Commodities DMCC will continue to expand its successful commodities trading activities in the region. ...

UAE's Mina Al Fajer Resort in Fujairah Development

Fujairah is UAE's new boom town, says developer
Construction Week Online - Dubai, United Arab Emirates
Mina Al Fajer Real Estate, developer of the Mina Al Fajer Resort in Fujairah, hopes to turn the emirate into "the next boom area in the UAE."

The firm, which is in charge of Fujairah's first mega-project, said that it hopes to "pave the way for a tourism boom in the area," which is already a popular weekend destination for tourists. ..

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From the News
Dubai property market harder hit than others in the region
Property Wire, UK
The property market in Dubai is expected to stabilise in 2010 but not recover until 2011 as high levels of new supply are maintained, according to analysts.
This year will see a period of correction as the global downturn continues, according to a research report from Jones Lang LaSalle. Prices and rental rates should then stabilise but the first signs of recovery are unlikely before 2011, it says....

UAE's Central Bank Bought Dubai's $20 Billion Notes

UAE Central Bank Steps In to Support Dubai Debt, Spending
Bloomberg - USA
The United Arab Emirates' central bank stepped in to support Dubai after concern increased the emirate will struggle to repay its debt as global financial turmoil pushed up credit costs and burst a real-estate bubble.

The central bank bought half of an unsecured, $20 billion, 5-year notes issue at an annual interest rate of 4 percent, Dubai's Department of Finance said in an e-mailed statement yesterday. ...