MGM Mirage Sued Over CityCenter

Dubai partner sues MGM Mirage over CityCenter
INO News
The Dubai developer helping build the $8.6 billion CityCenter complex on the Las Vegas Strip said Monday it is suing struggling partner MGM Mirage amid concerns about the project's viability. ...

Dewa to Invest Dh13 Billion in New Dubai Projects 2009

Dubai's Dewa To Spend Dh13 Billion In 2009
Zawya

Dubai: The Dubai Electricity and Water Authority (Dewa) plans to invest Dh13 billion this year in new projects as part of its Dh75-billion spending plan to build capacity to match the emirate's future economic growth.

This year's spending comes despite Dewa delaying a mega power generation and water desalination plant in Jebel Ali for a year amid slower consumption growth.…

Railway from Ruwais to Abu Dhabi to Fujairah Approved

Federal railway system to link all emirates approved
Zawya

Abu Dhabi: The trans-emirates rail network will not only ease traffic congestion, but also reduce the cost of road maintenance and other projects.

The network, which would see a double track rail service built from Ruwais in Abu Dhabi to Fujairah, was approved by the Ministerial Council for Services, WAM said on Sunday. ...

Abu Dhabi Investment Buys Daimler Shares

Abu Dhabi Firm Buys 9.1% of Daimler
Wall Street Journal - USA
Daimler AG, the owner of Mercedes-Benz, will cede a 9.1% stake to an Abu Dhabi investment firm in a move that shores up its balance sheet and tamps down fear that activist shareholders could push for a strategic shift. ...

Tameer Projects on RERA's Project Progress Indicators

Tameer projects published on RERA website
AME Info - United Arab Emirates
... Seven Tameer projects have been posted under the 'Project Progress Indicators', along with a number of other projects, underscoring the keenness of developers to continue construction progress, and their commitment to delivering projects to investors and buyers, in line with RERA's plan to support the transparency and credibility of property companies in the emirate's real estate market. ...

US Franklin Templeton Increases its Duabi Investments to 40%

Franklin Templeton increases Dubai Algebra stake
Reuters - USA
DUBAI, March 23 (Reuters) - Franklin Templeton Investments, which manages about $377 billion in assets, increased its stake in Dubai's Algebra Capital to 40 percent on Monday and said it wanted to grow its business in the Middle East and North Africa. ...

Approval for AED 5 Billion Khalifa City - Abu Dhabi

Dh5bn plan for Khalifa City A approved
The National - Abu Dhabi, United Arab Emirates
ABU DHABI // A Dh5 billion project to expand and redevelop Khalifa City A was approved yesterday by the Urban Planning Council, allowing construction to begin.
The district will grow from its current 7,000 residents to some 53,000 by 2030, with more than 4,500 new villas and around 100 apartment blocks. The plans also include 30 schools and 30 public parks, as well as shops, hotels and a medical compound. ...

Samsung's Mini Notebooks a Huge Success in UAE

great success for samsung in UAE Mini Notebook Market
Al-Bawaba - Amman, Jordan
Samsung Electronics Co., Ltd., a global leader in consumer electronics and world leader in IT technology, announced that its mini notebooks launched last December are experiencing huge success in the UAE. Samsung entered the market with the NC10, a mini notebook designed to go almost anywhere, with a weight of only 1.3kgs the NC10 increases possibilities whether at home, traveling or wherever internet access is available. ...

Environmental Specialists at Urban Coastal Development Summit Abu Dhabi 22-25 March 2009

Mott MacDonald's top environmental specialists to speak in Abu Dhabi
Business Intelligence Middle East (press release) - United Arab Emirates
UAE. Mott MacDonald's Group Sustainability Champion and Environmental Practice leader, Dr Paul Ashley will be a keynote speaker on the opening day of the Urban Coastal Development Summit in Abu Dhabi, 22-25 March 2009. ...

Water Shortage in Abu Dhabi

Abu Dhabi faces water crisis
The National - Abu Dhabi, United Arab Emirates
Abu Dhabi will face a serious shortage of water if nothing is done to use it more efficiently, the Government said yesterday.
A strategic water plan for the emirate stressed that groundwater supplies are so over-tapped they would not be able to sustain current levels of use for more than 50 years. ...