Dubai Property Rent Soften

Rent fall in Dubai: Welcome change
XPRESS - Dubai,Dubai, United Arab Emirates
Property rents in Dubai continue to soften as distressed owners try to cut losses and hedge against uncertainty, property brokers say.

From August last year, a one-bedroom apartment in the highly urbanised and sought-after areas of Bur Dubai and Karama have dropped by 40 per cent (from Dh100,000 to Dh60,000 this March), according to an XPRESS study comparing the advertisements during the two periods. ...

Etisalat Plans $1 Billion Investment into Indian Market

Etisalat Plans $1 Billion Investments In India
Zawya

ABU DHABI - The Emirates Telecommunication Corporation, or Etisalat, plans to invest $1 billion in the burgeoning Indian market where it has a minority stake in Swan Telecom.

The telecom operator's commercial launch in India is planned for 2009, Etisalat Chairman, Mohammed Hasan Omran told Khaleej Times, after chairing the company's annual general meeting on Monday evening. ...

Construction Starts for Oil Pipeline Linking Iran-Armenia

Iran-Armenia Oil Pipeline Construction Begins
Zawya

Moscow - Armenian Minister of Energy and Natural Resources Armen Movsisyan said Iran-Armenia oil pipeline construction work has begun According to the report of Armenian news agency "Arminfo", Movsisyan in a press conference in Yerevan, capital of Armenia, on Tuesday declared beginning of construction work of the pipeline and said the pipeline will transfer oil products such as gasoline and gas from Tabriz refinery to Armenia. ...

Oil Prices 75 Dollars a Barrel

UAE: President says 75 dollars a "fair" oil price
AKI - Adnkronos International - Roma, Lazio, Italy
Abu Dhabi, 25 March (AKI) - The president of the United Arab Emirates Sheikh Khalifa bin Zayed al-Nahyan said on Wednesday that 70 to 75 dollars for a barrel of oil was a "fair" price. "The prices are low and as such they affect all. A fair price per barrel from our point of view is 70 to 75 (dollars)," said al-Nahyan quoted by state news agency WAM. ...

Cirrus Developments Offers Shares to Investors

Cirrus offers investors equity in Aquarius Gate
The National - Abu Dhabi, United Arab Emirates
A Dubai property company, Cirrus Developments, has offered investors at one development the opportunity to help determine their fate by becoming shareholders in a new company to run the project. ...

DRI Corporation Received Major Order from Dubai

DRI Corporation Announces Receipt of Major Order for Mobitec® Products for Dubai's Transit Bus Fleet
Business Wire (press release) - San Francisco, CA, USA
DRI Corporation (DRI) (NASDAQ: TBUS), a digital communications technology leader in the domestic and international surface transportation and transit security markets, announced today that the Company's Mobitec Group subsidiary in Sweden has received an order, initial releases, and a letter of commitment, the total value of which may exceed $8 million USD, from a bus vehicle manufacturer on behalf of the Roads and Transport Authority's Public Transport Agency (RTA) transit bus vehicle fleet in Dubai, United Arab Emirates. ...

Forign Investments in UAE Continues

UAE to continue attracting foreign investments: official
Zawya - United Arab Emirates
The UAE will continue to be the most attractive in the region in terms of attracting foreign investments, a senior official of the UAE Government said.

According to Mohammed Ahmad bin Abdul Aziz, Director-General of UAE's Ministry of Economy, foreign direct investment (FDI) in the UAE in 2007 totalled Dh75bn, including $4bn (Dh14.6bn) Arab investments, which saw an increase of 83 per cent from 2005. ...

Green Light for UAE $3 Billion Railway Project

UAE to seek rail project tender by 2015
Trade Arabia - Manama, Bahrain
The UAE government has given the green light to its ambitious $3 billion railway project, that will link all the seven emirates, and will start seeking tenders by 2015, said a news report. The emirates-wide rail network, which will link Al Ruwais in Abu Dhabi to Fujairah, will be built in two phases. ...

Official Website of UAE President

Manour bin Zayed launches official website of UAE President
WAM - Emirates News Agency - Abu Dhabi, United Arab Emirates
WAM Abu Dhabi, Minister for Presidential Affairs, H.H. Sheikh Mansour bin Zayed Al Nahyan Wednesday morning launched an official website of the UAE President, H.H. Sheikh Khalifa bin Zayed Al Nahyan on the worldwide web. ...

Click here for link to the official website of UAE President.