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| A comprehensive guide
to current and future events and exhibitions in the UAE |
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Valuable concise reference source on the UAE,
covering political system, economy, business, history and heritage,
education, women, healthcare, tourism and environment. |
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Natural history of the UAE,
covering all animals and plants recorded in the Emirates. |
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Report by National US Arab Chamber of Commerce on the UAE. Vol XV, No 3, June 2007. Includes analysis of UAE economy. |
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THE ECONOMY - INTERNATIONAL INVESTMENTS
 Emaar Misr launches Armani residences in Marassi community
Posted on 28/08/2008
Emaar Properties and Giorgio Armani yesterday announced the launch of Armani Residences in Marassi in Egypt. The Armani Residences, Marassi will be set on the Sidi Abdel Rahman Bay. The resort-style residences will feature a combination of stacked villas and three and four-bedroom villas, all facing the Mediterranean Sea, and will be an integral part of Marassi, the Dh6.39 billion master-planned community developed by Emaar Misr, the wholly-owned country subsidiary of Emaar.
Spread across
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![]() Al Qudra Holding in a major land acquisition push
Posted on 27/08/2008
In a major land acquisition move, the Al Qudra Holding is trying to acquire over 400,000 hectares of agricultural land in the first quarter of next year. The move made through its agricultural arm, Al Qudra Agriculture, signals the company's strategy to heavily invest on a global level in the agricultural produces. The company presently owns 1500 hectares of agricultural land in Morocco and Algeria.
The company plans to meet the increased global demand for agriculture products by way of using
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 Dubai World gets approval to raise MGM Mirage stake
Posted on 24/08/2008
New York - MGM Mirage's second-biggest shareholder, Dubai World, can raise its stake in the company after New Jersey regulators gave it permission to own as much as 20 per cent of the entertainment conglomerate. MGM rose 20 per cent in New York trading on the news on Friday. The New Jersey Casino Control Commission approved the application of the Dubai government investment group yesterday, commission spokesman Daniel Heneghan said in a telephone interview. The Dubai group currently owns 9.4
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 Nakheel to seek US investments
Posted on 21/08/2008
Senior executives of Nakheel are scheduled to go to the United States tomorrow to meet with a number of top US developers and investors seeking investment opportunities in Dubai. Leading the Nakheel team on this visit to Los Angeles will be CEO Chris O'Donnell and director of sales, marketing and customer service Manal Shaheen. They will be accompanied by a team of company professionals.
The delegation will continue to pursue the company's strategy of highlighting the Dubai World-owned real
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![]() Mubadala's first US$8b investment fund deal with GE in ’09 first quarter
Posted on 21/08/2008
Abu Dhabi's Mubadala Development Co. will make its first deal under an US$8 billion investment fund venture with General Electric Co. (GE) early next year, an official said on Wednesday. "The estimate for doing the first transaction is the first quarter," Waleed Al Mokarrab Al Muhairi, Mubadala's chief operating officer, told Zawya Dow Jones.
GE and Mubadala, in late July announced an agreement that involves allocating US$4 billion each in equity for an investments targeting projects
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 UAE investment in Pakistan to remain intact
Posted on 20/08/2008
UAE and Pakistan economic relations will remain strong and the resignation of President Pervez Musharraf will have no negative impact on trade and businesses, investors have said.
Talking to Khaleej Times on Monday, they said project investment from the UAE and Gulf will remain intact; however, portfolio investment into Pakistan may be slightly hit in the short term. Investors said commercial ties between the two countries will remain unaffected with the resignation of President Musharraf.
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![]() UAE commences agricultural investments in Sudan, other three countries
Posted on 07/08/2008
The UAE has taken practical steps to address world looming food crisis by aggressively investing in agriculture and livestock in countries with fertile agricultural lands, particularly Sudan, Egypt, India and Pakistan.
"These investments aim at providing most basic food items to cover local market needs. The UAE agricultural investments in this respect are the largest at the Arab level. It is so far investing 900,000 fedans in many Sudanese states, notably Zayed Al Kheir Project, 40, 000
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 Istithmar World and Nakheel buy stake in Cirque du Soleil
Posted on 07/08/2008
Istithmar World, the investment arm of Dubai World, and Nakheel yesterday said they had together acquired a 20 per cent stake in Cirque du Soleil, the world's leading live entertainment company. "Under the terms of the agreement, the remainder of the business will continue to be owned by Cirque du Soleil's founder, Guy Laliberté, and his team," both the companies said in a statement. Quebec-based Cirque du Soleil has annual sales in excess of US$700 million and attracts nearly 10 million
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 UAE largest Arab destination for foreign capital
Posted on 06/08/2008
The UAE attracted more than US$35billion (Dh129bn) in foreign direct investment between 1997 and 2006 to become the largest Arab destination for foreign capital, according to official data. The UAE has also emerged as the second largest Arab capital exporter, with its direct investment outflow totalling around US$11bn during that period, the Kuwaiti-based Inter-Arab Investment Guarantee Corporation (IAIGC) said in its 2007 Arab investment report.
The report gave no figures on the UAE for 2007
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![]() Dubai Capital Group buys 5.24pc stake in CIB
Posted on 04/08/2008
Cairo - Commercial International Bank (CIB) said on Sunday Dubai Capital Group had bought a 5.24 per cent stake in the bank, the Gulf emirate's second major investment in a year in Egypt's financial sector.
Dubai Capital Group, part of Dubai Holding, had accumulated the stake of Egypt's largest publicly traded lender from the Egyptian and London stock exchanges over the past few months, a CIB spokesman said, without giving details.
Another Dubai firm bought a 25 per cent stake in
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 Emaar to invest Dh8bn in Indonesia
Posted on 28/07/2008
Dubai-based Emaar Properties plans to invest more than Rp20 trillion (Dh8 billion) in total over a 15-year period in the tourism sector of an Indonesian province, according to a media report. "Emaar will develop a tourism project on a 1,250-hectare plot of land previously owned by Lombok Tourism Development Corporation in Central Lombok. It has also pledged to invest more than Rp20trn in total over 15 years period in tourism sector in West Nusa Tenggara (NTB) province," NTB Governor Lalu
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 GE and Mubadala launch multibillion dollar global business partnership
Posted on 23/07/2008
New York - Abu Dhabi - GE (NYSE: GE) and Mubadala Development Company, headquartered in Abu Dhabi, yesterday announced a framework agreement on a global partnership encompassing a broad range of initiatives including commercial finance, clean energy research and development, aviation, industry and corporate learning.
GE Chairman of the Board and Chief Executive Officer Jeff Immelt said, "This partnership brings together two world's class organisations with complementary resources and a shared
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 Emaar unveils hotel in Cairo
Posted on 21/07/2008
The Address Hotels and Resorts, the five-star premium hotel brand of Emaar Hospitality Group, has unveiled its first hotel property in Uptown Cairo, Egypt, marking the international expansion of the brand. The hotel will be the flagship brand of The Address in Egypt and is scheduled to open in 2011. The Address will meet the growing demand in Cairo for world-class hospitality services – both from tourists and business travellers.
Marc Dardenne, Chief Executive Officer of Emaar Hospitality
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![]() Ministry of Economy to undertake nation-wide survey on Foreign Direct Investment
Posted on 16/07/2008
The UAE Ministry of Economy (MoE) will conduct a nation-wide survey on Foreign Direct Investment (FDI). This comes in line with the UAE government's strategy to build a strong and reliable database on FDI inflow to the UAE.
HE Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, said that the Central Department of Statistics (CDS) has received Dr. Christi Richard, an expert from the International Monetary Fund (IMF), for technical consultancy on the survey's research methodology and to
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 Abu Dhabi buys New York's Chrysler Building
Posted on 10/07/2008
New York - New York's Chrysler Building, the Art Deco icon that helps define the New York skyline, was bought by an Abu Dhabi sovereign wealth fund, the second purchase of a Manhattan landmark by Middle East investors in as many months. The skyscraper at 405 Lexington Avenue, the world's tallest building until 1931, was acquired yesterday by the Abu Dhabi Investment Council for an undisclosed price. Last month a Dubai fund, Boston Properties, and Goldman Sachs Group paid US$2.8 billion for the
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