Abu Dhabi to Have 3000 Hotel Rooms for Formula 1

Abu Dhabi to add 3000 more rooms to landscape
e-Travel Blackboard (press release) - Sydney, NSW, Australia
The Abu Dhabi Tourism Authority (ADTA) announced earlier this week that Abu Dhabi would have over three thousand more rooms for accommodation by the end of this year.

The rooms will come in time for the Etihad 2009 Formula 1 Grand Prix to be held in November. ...

DP World Sees no Recovery Signs

No signs of recovery, says DP World CEO
Kipp Report - Dubai, United Arab Emirates
The CEO of cargo handler DP World announced on Wednesday it sees no sign that the shopping slowdown, which has already caused significant drops in business, will stop anytime soon, reports the AP. ...

Lockton Cos. Inc. Opens New Office in Dubai

Lockton Cos. will open Dubai office
Bizjournals.com - Charlotte, NC, USA
Lockton Cos. Inc. will open a new office in Dubai on May 1 to serve as the company's regional hub for the Middle East and North Africa., In a Thursday release, the Kansas City-based company said the Dubai office will be equipped to handle all classes of business, backed by the support of the firm's wholesale operations in London and elsewhere.

Leading US, UK and UAE Companies to Invest Heavily in Iraq Property

Massive foreign investment in Iraq real estate set to continue
Property Wire - St. Albans, England, UK

United Arab Emirate, US and UK companies are leading the way in terms of property investment in Iraq which is regarded as having good long term opportunities. ...

 

Laing O’Rourke Flat Growth in the Middle East for 2009

UK construction giant sees no Mideast growth in 2009
Arabian Business.com
Laing O'Rourke, the UK's biggest privately owned construction company, expects its growth to be flat in the Middle East in 2009 as new contracts dry up, company chairman Ray O'Rourke has said.

The region had been a strong area of growth in recent years, with the value of orders in the region swelling to $615m in 2008, accounting for a tenth of total company revenues, O'Rourke said. ...

Al Wifaq Finance Company Approved 5% Cash Dividend

Al Wifaq Finance shareholders approve a cash dividend of 5%
WAM - Emirates News Agency - Abu Dhabi, United Arab Emirates
WAM Abu Dhabi, 26th March 2009 (WAM) -- The Board of Directors of Al Wifaq Finance Company approved today a cash dividend of 5% and a stock dividend of 5% which would lead to the paid- in capital increasing to AED 561.75 million. ...