Agricultural Fund Needs $1 Billion

AAAID Calls On Arab Funds To Allocate $1B To Ag Fund

Zawya

The Arab Authority for Agricultural Investment and Development, or AAAID, is urging Arab funds to set up a $1 billion financing program to fund Arab agriculture. ...

One Kilometre-plus Tower may Go On

Construction giants vie for Nakheel Tower deal
By Tom Arnold ITP
Al-Habtoor Leighton, Murray & Roberts and Al Naboodah Laing O'Rourke are among the contractors which have bid for the pre-construction phase of work on the 1 kilometre-plus tower planned by Nakheel.

Refineries' Upgrade due to Surge in UAE Oil Products Demand

UAE to upgrade two refineries by 2011
GulfNews - Dubai,United Arab Emirates
Abu Dhabi: The UAE will upgrade two of its refineries by 2011 to meet the surge in domestic demand for oil products, the International Energy Agency (IEA) has said. ...

Taqa JV with RBS Sempra

UAE's Taqa, RBS Sempra JV to invest in N. America
Reuters - USA
DUBAI, Dec 10 (Reuters) - Abu Dhabi National Energy Company TAQA.AD has teamed up with RBS Sempra Commodities to invest in downtream assets in North America's energy sector, Taqa said in a statement on Wednesday. ...

Job Juts Poll Results

40% feel Gulf immune from job cuts: poll Gulf Times - Doha, Qatar Job cuts have also been announced by other developers, including Damac, Tameer and Omniyat, as the global financial crisis takes hold on the region. ...

Dubai Properties Cuts 600 Jobs

Hundreds of jobs axed at developer

Zawya

Dubai Properties has become the latest firm in the emirate's battered real estate sector to make job cuts in the wake of the economic slowdown, 7DAYS has learnt.
In what appears to be the biggest single set of cuts to hit the industry so far, as many as 600 positions have been culled at the developer, a former worker claimed. ...

Ellerbe Becket Hires Industry Veteran to Oversee Firm’s Operation

Doubling down on Dubai
Finance and Commerce - Minneapolis, MN, USA
Ellerbe Becket hopes to bolster its international business with the hiring of an industry veteran who will oversee the firm's operations in the Middle East and beyond. ...

Gulf Stream Asset Management to Raise Funds Distressed Prices

Gulf Stream, Backed By Dubai, Starts Distressed Funds (Update1)
Bloomberg - USA
9 (Bloomberg) -- Gulf Stream Asset Management LLC, an investment firm backed by Dubai's government, plans to raise two funds to buy debt at distressed prices amid forced asset sales by banks and investors. ...

Nakheel Unveiled Plans for "The Universe"

Nakheel plans new offshore "blue" development
KHL Group - Wadhurst, East Sussex, UK
Dubai, United Arab Emirates-based developer Nakheel has unveiled plans for a new off-shore development called The Universe.

The project will be located close to its Palm Jumeirah development and inshore from its 500 island World project. ...