Dubai Restructuring Major Property Firms

Dubai reshuffles key firms to cut costs amid crisis
Reuters - USA
DUBAI, Feb 15 (Reuters) - Dubai's biggest government-linked holding companies unveiled a major restructuring on Sunday, consolidating operations to cut costs as the global downturn hit at the core of the emirate's financial and property sectors.

Dubai Holding, owned by the ruler of Dubai and driver of many of the emirate's ambitious plans that have fallen on hard times, said it would restructure and merge operations at key property firms and other holding firms to reduce costs. ...

Possible Bailout for Emaar MGF - India

Government ready with first bailout for Emaar MGF
Economic Times - Gurgaon, Haryana, India
NEW DELHI: Cash-strapped realty major Emaar MGF may turn out to be the first major beneficiary of a government package in the real estate sector, thanks to its partnership with Delhi Development Authority (DDA) for the 2010 Commonwealth Games village project in east Delhi. ...

Islamic Development Bank (IDB) Approved US$83 Million Project in Indonesia

IDB Okays US$83 Million For Indonesia's Integrated Community Project
Bernama - Kuala Lumpur, Malaysia
The Islamic Development Bank (IDB) has approved about US$83 million for the Integrated Community-Driven Project in Indonesia that will directly benefit some 14 million people scattered across 4,871 urban villages in 14 provinces. ...