Coldwell Bankers' New Headquarters is Burj Dubai

Coldwell Banker UAE shifts its head quarters to the prestigious Downtown Burj Dubai
AME Info - United Arab Emirates
Coldwell Banker UAE has shifted its head quarters to the prestigious Downtown Burj Dubai, and will soon be opening a branch in Dubai Marina. This emphasizes the company's strategy to reach realty stake holders, in need for trustworthy advice at this time. ...

Wael Allen Appointed Managing Director ME of Hyder Consulting

Hyder appoints Middle East boss
New Civil Engineer - London, England, UK
Hyder Consulting has appointed Wael Allan as its new regional managing director for the Middle East region starting at the beginning of April. He also joins the consultant's executive board.

Allan is fluent in Arabic  and has a strong background in international business management. He has worked for major engineering and construction companies. ...

Dubai Properties Welcomes Merger

Union Properties opens door to merger
The National - Abu Dhabi, United Arab Emirates
Union Properties, Dubai's third-largest property developer, would welcome a merger if the partner brought a genuine advantage to its overall business operations, the company's chief executive says.

Speculation of consolidation among Dubai's biggest developers has mounted since the downturn hit the property sector, where prices have fallen by an average of 25 per cent since their peaks last September, according to a recent report by Morgan Stanley. ...

Aldar Formula 1 Grand Prix Abu Dhabi Inauguration on Schedule

F1 : Abu Dhabi Formula 1 on track despite crisis
F1SA - UK
Preparations for the inaugural Abu Dhabi Formula One Grand Prix remain on track, despite the problems struck by the official F1 theme park in nearby Dubai. ...

 

Yas Island projects, F1 venue to be completed on time
GulfNews - Dubai, United Arab Emirates
Abu Dhabi: Development projects on the Yas Island in Abu Dhabi, including the Yas Marina Circuit - a Formula One venue - will be completed on time, ALDAR Properties said on Monday.
"About 60 per cent of the first phase of the projects has been completed," said Steve K.Worrel, Director Mixed Use Development, Yas Island Project. ...

US $325 Million Fund To be Launched in Dubai

Gowealthy to launch $325 million funds
GulfNews - Dubai, United Arab Emirates

Dubai: Gowealthy Capital Limited, a subsidiary of Gowealthy Holdings, is to launch three property investment funds in the second quarter of 2009 with a combined value of $325 million (Dh1.19 billion).

While the details have yet to be ironed out, the residential funds will be launched on behalf of two "significant" developers - one of which is listed - according to Peter Penhall, chief executive of Gowealthy and senior executive officer of Gowealthy Capital Limited. ...

Mohammad Saeed Al Raqbani New CEO of Emaar Industries and Investments

Emaar Industries and Investments announces the appointment of a new Chief Executive Officer
AME Info - United Arab Emirates
Emaar Industries and Investments (EII) has announced the appointment of a new Chief Executive Officer.

Mr. Mohammad Saeed Al Raqbani has been formally appointed by the board and has outlined his plan to consolidate the business through diversification within its key focus in the manufacturing sector. ...

Saudi's Ma'aden Announced Mine to Metal Aluminium Project

Ma'aden Signs Pacts For Aluminium Project
Zawya

RIYADH - Ma'aden Sunday announced the signing of two milestone agreements for its mine to metal aluminium project, sealing a technology transfer agreement with Aluminium Pechiney and a Cooperation Agreement with Rio Tinto Alcan, according to a press release. …

 

US $24 Billion Industrial Port and City Project in Abu Dhabi

Abu Dhabi Plans $24B In Industrial Port & City Project
Business 27/7

Total investments in Abu Dhabi's industrial port and city project will be $24 billion (Dh88bn), this was announced yesterday.

The project is expected to form nine per cent of Abu Dhabi's Gross Domestic Product and 80 per cent of the government revenue, said Maqita Al Ahbabi, Senior Coordinator of Project Development Strategy and Development, Abu Dhabi Port Company. It will cater to 300, 000 residents and will create 150,000 jobs, she said. ...

SBI Mutual Fund and SBI Life to Start Operations in UAE

SBI to start operations of group companies in UAE
Rupee Times - New Delhi, India
The largest bank in the country, State Bank of India (SBI) is planning to increase its reach in UAE. On February 25th, SBI announced that its group companies, SBI Mutual Fund and SBI Life, are soon going to start their operations in UAE. ...

UAE to Fund Indonesia's Coal Transportation

UAE fund plans Indonesia coal rail link
Reuters UK - UK
JAKARTA, March 2 (Reuters) - A United Arab Emirates' fund signed a memorandum of understanding on Monday with an Indonesian provinicial government on developing a 125 km (80 mile) rail link and jetty for coal transportation in East Kalimantan.

The Ras Al Khaimah Minerals & Metals Investment fund is targeting a rail link with a capacity to transport 60 million tonnes of coal a year over the next 10-15 years in East Kutai regency in East Kalimantan on Borneo island, it said in a statement. ...

Abu Dhabi Metro and Trams Project

Timetable for Trams and Trains in Abu Dhabi
Khaleej Times - Dubai, United Arab Emirates
ABU DHABI - Metro trains will start operations in the capital by 2016, a top official at the Department of Transport in Abu Dhabi said on Monday.

Abdullah Rashid Al Otaiba, the department's chairman, also said trams would be running along the capital's streets by 2014.

Last week, the emirate had issued tenders for the engineering and design study for the 131-kilometre  metro project, to link Abu Dhabi with its suburban communities like Al Raha Beach development and Mussaffah, Al Otaiba said. ...

Dubai's Economy Stabilised for Nine Months

No need for more Dubai support measures now-minister
Reuters India - Mumbai, India
ABU DHABI, March 2 (Reuters) - Government measures taken so far to support Dubai through a sharp economic downturn should be sufficient to stabilise its economy for at least nine months, the United Arab Emirates' economy minister said on Monday. ...

Aldar UAE Acquired $63.12 Million Equity

UAE's Aabar buys $63 mln Unicredit securities
Forbes - NY, USA
ABU DHABI, March 2 (Reuters) - Abu Dhabi's Aabar Investments PJSC said on Monday it had acquired 49.8 million euros ($63.12 million) worth of convertible equity-linked securities in Milan-listed UniCredit SpA. ...