Wednesday, November 26, 2008

Emaar, Nakheel and Dubai Holdings to put a Cap on New Construction Projects

UAE to bail out banks as construction capped
Building.co.uk - UK
Dubai's construction boom is to be capped by some of its largest developers as the UAE steps in to bail out the country's ailing banking sector.
The UAE's federal government is to pump funds into the Emirates Development Bank, a new vehicle set up after the merging of state mortgage lenders Amlak and Tamweel. ...

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