Investcorp to tnvest $98 million in Redington Gulf in 1st
investment by its Gulf Opportunity Fund I.
Summary: Investcorp, the asset management firm specializing in
alternative investments, and Redington Gulf, the leading distributor and
service provider of IT and telecom products in the Middle . . .
Saudi Arabia: 1st CyberKnifeA Robotic Radiosurgery System to be
installed.
Summary: Accuray Incorporated (Nasdaq: ARAY), a global leader in
the field of radiosurgery, has recently announced that the first
CyberKnifeA Robotic Radiosurgery System in the Kingdom of Saudi . . .
Gulf stock markets up, except in Kuwait.
Summary: Stock markets in the Middle East rebounded on Monday
following a series of local and international measures to try to ease
the global financial crisis.
Stock markets in the Middle East . . .
Algerian President concerned by declining oil prices.
Summary: Algerian President Abdelaziz Bouteflika has warned of
economic and social disaster in case of heavy decline in oil prices.
Algerian President Abdelaziz Bouteflika has warned of economic . . .
Bahrain real-estate market 'faces record year', says
expert property firm DTZ.
Summary: DTZ the expert real estate advisory firm today released a
market report on Bahrain giving a detailed examination of the state of
the Kingdom's real estate sector and a healthy prognosis . . .
UAE moves to secure markets as bourses continue to decline.(Brief
article)
Summary: UAE's President Shaikh Khalifa Bin Zayed Al Nahyan
tried on Sunday to calm investors
UAE's President Shaikh Khalifa Bin Zayed Al Nahyan tried on
Sunday to calm investors, saying "the UAE . . .
MoodyeIUs reaffirms A3/P2 rating of Tamweel.
Summary: Tamweel PJSC, the largest provider of real estate finance
in the UAE, announced today that Moody's Investors Service has
reaffirmed its A3/P2 rating of the company with a stable outlook on . . .
SAFCO reports 155% rise in profits for 3Q2008.(Financial
report)
Summary: Saudi Arabian Fertilizers Co. (SAFCO) reports net profits
of SR 3.744 billion during the first nine months of 2008, compared with
SR 1.466 billion in the same period in 2007, an increase . . .
ADNEC officially launches ExCeL London Phase 2 London venue to
become one of Europe's largest.
Summary: Abu Dhabi National Exhibitions Company has announced that
work has officially commenced on the Phase 2 expansion of its ExCeL
London exhibition & conference centre in the UK capital.
Abu . . .
Despite global economic crisis, Gulf region continues to attract
business and jobs.
Summary: Despite the soaring inflation and rising prices, doing
business in the Gulf States is still very attractive, a recent poll
conducted by Leaders Presents revealed. More than 83% of . . .
Increased public spending in GCC drives ICT market.
Summary: Governments across the Gulf States are looking to invest
in high-end ICT solutions at this yeareIUs GITEX TECHNOLOGY WEEK as
government revenues continue to soar due to record oil prices.
. . .
Dubai World forms Dubai Natural Resources World.
Summary: New company aims at long-term investments, sustainable
development
In response to tremendous growth opportunities in global natural
resources business sector, Dubai World has announced . . .
Dubai stocks fall by over 8 percent.
Summary: Gulf stock markets continued to drop on Wednesday amid
fears the region will be hit by the global economic turmoil.
Gulf stock markets continued to drop on Wednesday amid fears . . .
Mubadala, Veolia Water set up JV.
Summary: Mubadala Development Company (Mubadala) and Veolia Water
have signed agreements to create a joint-venture company that will focus
on water production and waste water collection and . . .
AMD, ATIC establish The Foundry Company.(Company
overview)
Summary: AMD [NYSE: AMD] and the Advanced Technology Investment
Company (ATIC) of Abu Dhabi have announced the creation of a
U.S.-headquartered, leading-edge semiconductor manufacturing company . . .
Al-Shoala and Emaar sign SR 27 billion joint venture to develop
31 million sq m Rawabi Rumah mixed-use project.
Summary: Al-Shoala and Emaar sign SR 27 billion joint venture to
develop 31 million sq m Rawabi Rumah mixed-use project
Prince Meshal Bin AbdulAziz Al Saud, Chairman of Saudi
Arabia's Bayah . . .
Abu Dhabi's real estate projects to hit US$500bn.
Summary: Abu Dhabi, the richest city in the world, has seen its
gross domestic product (GDP) soar from US$40.6 billion in 2002 to
US$108.9 billion in 2007 (more than 8 per cent per annum).
Abu . . .
Public sales of residential apartments in Raffles City Bahrain to
be launched at Cityscape Dubai 2008.
Summary: CapitaLand, the Asian real estate developer of Raffles
City Bahrain, today announced that sales of residential apartments in
the integrated waterfront development located in the prime . . .
Credit crunch a 'golden opportunity'.
Summary: Increasing role seen for Islamic finance as
industry's premier international forum meets for first since global
market turmoil
The global credit crunch is a blessing in disguise for . . .
Memon Investments acquires 5 plots worth over AED 228 million in
Jumeirah Village South.
Summary: Developer to launch 5 residential and mix-use towers
within high profile community development collectively valued at AED 1.3
billion
Memon Investments, a leading Dubai-based property . . .
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