ADIC Hired Two Investment and Finance Experts - Abu Dhabi

New senior managers build ADIC investment and finance capability
AME Info
...The government-backed company has over three decades of investment experience in the region, and is now helping global investors enter markets in the Middle East and North Africa.

'Now more than ever, companies need top talent to navigate a tough investment climate,' said ADIC Chief Executive Nazem Fawwaz Al Kudsi. 'As we expand, I'm happy we can attract high quality staff, both locally and internationally.' ...

Real Estate Prices Increased by 2.2% in Bulgaria

Bulgaria real estate prices increased by 2.2 per cent in real terms in 2008
Sofia Echo - Bulgaria
Bulgaria is one of a handful of countries across the globe to see its property prices rise amid the economic meltdown last year, according to the annual report by Global Property Guide, which gauges 32 property markets in the world.

Real estate prices in Bulgaria increased by a nominal 11.72 per cent, or 2.2 per cent adjusted to the annual inflation rate, ranking the country fourth after the UAE, China and Switzerland. ...

Abu Dhabi Property Stable and Genuine Market

Confidence in Abu Dhabi property market at Cityscape Connect event
AME Info - United Arab Emirates
Leading real estate and development experts today expressed strong confidence in the continued growth of the Abu Dhabi property sector based on stable and genuine market demand rather than speculation. ...

Formulae 1 Hotels India Gets Singaporean Invetment

Singapore co to invest in Formulae 1 hotels in India
Hindu Business Line - Chennai, India
New Delhi, March 4 The Government has allowed AAPC Singapore Pte Ltd to invest Rs 365.78 crore in an Indian company to construct, develop, own and manage low-budget Formulae 1 hotels here. AAPC is a hotel management company and Formulae 1 is an Accor brand....

Lebanon's Economy Positive in 2009 Despite Global Economy Downturn

Lebanon: High Hopes for Growth and Stability

Zawya

Lebanon is proving resilient to the downturn in the global economy, with solid growth levels predicted for this year, though there are potential pitfalls that could upset the positive predictions.

On February 26 Riad Salameh, the governor of Lebanon's central bank, said the economy was expected to perform strongly in 2009. He told the local media that Gross Domestic Product (GDP) could expand by 4% this year, while inflation could drop from last year's 10.7% to 4%. ...

UAE Ministry of Finance Proposing Three-Year Budget Cycle

UAE To Introduce Three-Year Budget Cycle

Zawya

Abu Dhabi: The Ministry of Finance will introduce a three-year budget cycle, replacing the current annual plan. The ministry also proposes to link the three-year budget to the federal strategic plan from 2011 to 2013.

Obaid Humaid Al Tayer, Minister of State for Financial Affairs, said ...

RAK Bank Installs Alcatel-Lucent Contact Centre Solution

Alcatel-Lucent Deploys Contact Centre Solution for UAE Bank
TMCnet - USA

... The new contact centre solution for RAKBANK has been installed at the bank's two contact centres. The implementation was done by Alcatel-Lucent (News - Alert) & Al-Futtaim Technologies, and delivers a number of benefits to the UAE bank. ...

UAE the World's Third Highest Consumer of Water Per Capita at US $9 Trillion

Water investment in UAE reaches $9 trillion
GulfNews - Dubai, United Arab Emirates
Dubai: About $9 trillion (Dh33.03 trillion) has been invested in the UAE's water industry over the last 25 years, an industry expert says.

As the UAE is reported to be the world's third highest consumer of water per capita, this may not come as a surprise., ...

UAE Advanced Micro Devices (AMD) Plans to Build Plant in United States

AMD, UAE company to build new chip plant in US
Xinhua - China
SAN FRANCISCO, March 4 (Xinhua) -- Advanced Micro Devices (AMD), the world's second largest computer chip maker, on Wednesday officially launched a joint venture with its partner from the United Arab Emirates (UAE) and outlined plans to build a new manufacturing plant in the United States. ...

Nomination for Digital Studio Industry Leadership Awards 2009

Pyramedia nominated for lighting installation of the Year at the Digital Studio Industry Leadership Awards 2009
AME Info - United Arab Emirates
Pyramedia has been nominated for Lighting Installation of the Year at the Digital Studio Industry Leadership Awards 2009 for the lighting of the stage of highest-rated show on Abu Dhabi TV, Millions' Poet....

Aggreko to Power Dubai's Rugby Sevens World Cup - 2009

Aggreko wins the contract to power Dubai's Rugby Sevens World Cup - 2009
AME Info - United Arab Emirates
Dubai based Aggreko, the global leader in the provision of temporary power and temperature control services, has been awarded the contract to provide rental power and temperature control to the International Rugby Board (IRB) Rugby World Cup Sevens 2009, to be held from March 5 to 7 in Dubai, UAE. ...

Properties Demand in Abu Dhabi

Abu Dhabi property shortage may continue
Construction Week Online - Dubai, United Arab Emirates

The under-supply of residential properties in Abu Dhabi may extend "for five years or more," Aldar research director and head of commercial leasing Charles Acworth said this morning.

The comments were made at the first Cityscape Connect business breakfast, held in Abu Dhabi, ahead of April's Cityscape Abu Dhabi exhibition. ...

International Investment Bank Announces Results

International Investment Bank's 2008 net income is US$ 13.5 Million
Zawya - United Arab Emirates
International Investment Bank (IIB), a globally focused investment bank based in Bahrain operating in line with Shari'ah principles, today announced it's results for the year ended 31 December 2008. ...