We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

THE ECONOMY - INTERNATIONAL INVESTMENTS

Dubai World firm targets Dh1b fund for women

Posted on 17/01/2007

Forsa, a new company launched by Dubai World to develop investment opportunities for women, is looking to raise Dh1 billion in funds from potential investors. There are about 10,000 businesswomen active in the UAE including 4,100 in Dubai, 3,000 in Abu Dhabi and 3,000 in Sharjah, with a combined annual output to the tune of Dh12 billion. Dubai's private sector has 100,000 registered companies. Speaking at the Forsa launch on Monday night, chief executive officer Shamsa Noor Ali Rashid ...  >>MORE

ADIA buys 7.6% Suez Cement stake

Posted on 17/01/2007

The Abu Dhabi Investment Authority (ADIA) has acquired a 7.6 per cent stake in Egyptian company Suez Cement. A statement released by the Egyptian stock market said that ADIA had bought a stake of 138,427,01 shares listed as Global Depository Receipts (GDR). The statement gave no details about the value of the deal but said ADIA bought those shares from businessman Hisham Sadiq Al Sowidi, a Suez Cement board member. Gulf News sources said that Suez Cement transferred these stocks as shares ...  >>MORE

Emaar’s Indian unit plans Dh10.7bn IPO this year

Posted on 15/01/2007

A joint venture between Emaar Properties and India's MGF Developments may raise capital for growth in India by selling shares in its Indian unit, the company said. The Indian press yesterday reported that the companies are planning to raise about Rs130 billion (Dh10.76bn) in an initial public offering (IPO) in India. The IPO – thought to be India's biggest to date – is expected to hit the market in the second half of 2007, an article in the Business Standard said, citing sources close to the ...  >>MORE

DIC takeover of Liverpool club soon

Posted on 15/01/2007

Dubai International Capital (DIC), the private equity arm of Dubai Holding, will soon complete its takeover of English Premier League football club Liverpool, the club's chief executive Rick Parry said yesterday. Speaking to BBC radio, Parry said DIC's reported £450 million takeover is almost complete and a concrete announcement will be made "relatively soon". "It is a case of finalising the due diligence and pulling everything together, which we hope will be completed relatively quickly. ...  >>MORE

Foundation of Emaar's US$45 billion Diamond Bar Island City to be laid

Posted on 14/01/2007

Within less than seven months of signing an MoU, one of the largest development projects in Asia is becoming a reality now, as the foundation stone laying ceremony of US$45 billion Diamond Bar Island City on Bandal and Buddo islands off Karachi, being developed by Emaar, is expected to take place in next few weeks. President General Pervez Musharaff is expected to lay the foundation stone of the project during the third week of January, reported a Pakistani newspaper Daily Times, quoting ...  >>MORE

Sama to display US$1 billion Salam

Posted on 14/01/2007

Sama Dubai, the international real estate investment and development arm of Dubai Holding, will exhibit its US $1 billion 'Salam Resort & Spa - Yiti' development at the International Property Exhibition to be held in Muscat, from 16 - 18 January at the Oman International Exhibition Centre. A Platinum sponsor of the exhibition, 'Salam Resort & Spa - Yiti' will be developed in Muscat as the first project in the Sultanate of Oman under the 'Salam' brand. It is anticipated to generate high ...  >>MORE

Ferrari F1 team to drive Mubadala brand

Posted on 13/01/2007

Mubadala Development Company, an investment company owned by the Government of the Emirate of Abu Dhabi, today announced that it has entered into a sponsorship agreement with Ferrari. Under the agreement, The Mubadala logo will feature on the Ferrari cars that will compete in the Formula 1 World Championship, as well as on the caps of its drivers Felipe Massa and Kimi Raikkonen. The sponsorship agreement will be for three years covering the 2007, 2008 and 2009 Formula 1 seasons. "We are ...  >>MORE

Work on Emaar's Syria project on schedule

Posted on 28/12/2006

Real estate major Emaar Properties said construction of the presentation centre for its Eighth Gate master-planned community project in Damascus is going on schedule. A mixed-use US$500 million development, Eighth Gate broke ground in June. The design for two office buildings and four residential-cum-commercial buildings is on-going. The project is a joint venture between Emaar Properties and IGO, an offshore investment and property development company, and recreates the luxury and style ...  >>MORE

Investment by UAE in Pakistan to top $50b

Posted on 15/12/2006

The UAE's total investment in Pakistan is expected to jump fourfold to reach $50 billion (Dh183 billion) in the coming years, from $12 billion during the past 16 years, according to a top UAE official. UAE Ambassador to Pakistan Ali Mohammad Al Shamsi has told leading Pakistani media that this is a result of Pakistan's privatisation drive. This year, major UAE developers, Emaar, Dubai World subsidiary Limitless along with private developers Giga Group and Al Habtoor Enterprises have ...  >>MORE

Development value of Emaar Jordan hits US$500m

Posted on 14/12/2006

Emaar Properties has announced that the development value of its master-planned residential community along the Dead Sea coast has hit US$500 million. Emaar Jordan, the wholly-owned subsidiary of Emaar Properties, is finalising the master plan for the project, which will include luxury residences, commercial establishments and leisure and entertainment facilities. Emaar Jordan has already joined hands with a number of regional and Jordanian investors to form The Dead Sea Company, which will ...  >>MORE

Mubadala in a consortium with Suez to build IWPP in Oman

Posted on 12/12/2006

Mubadala Development, consortium leader Suez Energy International and National Trading Company of Oman to build a new power and desalination plant to be installed at Barka, as well as acquire Al-Rusail Power Company, an existing power plant. Mubadala Development Company, the wholly owned investment and development vehicle of the government of the Emirate of Abu Dhabi, today confirmed that the Government of Sultanate of Oman has selected Mubadala Development, consortium leader Suez Energy ...  >>MORE

DIC eyes Liverpool as a business

Posted on 12/12/2006

Speculation surrounding the takeover of Liverpool Football Club has reached boiling point in recent days with Dubai International Capital (DIC) emerging as the lead bidder in a potential £450 million deal. DIC, the international investment arm of Dubai Holding, recently released a statement confirming it has entered into a period of exclusive negotiations with Liverpool about a possible investment in the club. "DIC has a strong track record as a very serious investor with considerable ...  >>MORE

Mubadala to build hotels jointly with MGM Mirage

Posted on 07/12/2006

Abu Dhabi's Mubadala Development Company and MGM Mirage signed a memorandum of understanding yesterday to pursue opportunities in the hospitality sector. The joint venture aims to develop luxury "non-gaming hotels and resorts globally, but initially targeting locations in Abu Dhabi, Las Vegas and the United Kingdom”, a statement said. The news adds to an impressive list of partnerships announced by UAE-based companies in the past couple of years. Earlier this week Tiger Woods said he had ...  >>MORE

Sorouh to enter North African market with Morocco foray

Posted on 07/12/2006

Abu Dhabi-based Sorouh Real Estate is looking to spread its wings outside Abu Dhabi, according to a senior company executive. "We are actively looking at projects in Morocco at present,” said Kevin Storey, marketing and communications director of Sorouh. "We are currently working on a project in Morocco called Bab Al Bahr in Bouregreg Valley in Rabat. It is a mixed-use development and a joint venture is being set up between a number of Abu Dhabi firms for the development of this project. ...  >>MORE

Damac moves into Egypt with Dh60bn development

Posted on 06/12/2006

Damac Properties yesterday signed an agreement to build a Dh60 billion resort development along Egypt's Red Sea coast in a further sign of Dubai-based firms looking at growth from their international operations. Other major developers such as Emaar, Nakheel, Dubai Properties and Sama Dubai have launched a number of international projects in places as diverse as Pakistan, Jordan, India and Morocco. Two days ago Limitless, a Dubai World firm, said it is building a US$11bn (Dh40bn) project in ...  >>MORE

Emirates-UK Investment Exhibition opens in London

Posted on 22/11/2006

The activities of the Emirates-UK Business Investment Opportunities Exhibition were kicked off yesterday in London. The exhibition is organized by Dubai Chamber of Commerce and Industry (DCCI) in cooperation with the UAE Federation of Chambers of Commerce and Industry and Index Conferences & Exhibitions Organization Establishment on November 22-24. The exhibition, taking place for the first time, aims to create awareness among British business that the UAE is a regional and international ...  >>MORE

Investment hits Dh100b in Ras Al Khaimah zone

Posted on 22/11/2006

Foreign and domestic direct investment in Ras Al Khaimah has so far reached Dh100 billion, a top official said. "Based on the total value of all the ongoing projects and the announced ones, we can easily say that investment has reached nearly Dh100 billion," Oussama Al Omari, director-general of the Ras Al Khaimah Free Trade Zone (RAKFTZ) told Gulf News on Monday. "We have already registered 2,400 companies with the free zone," he said. This year, we are going to record 100 per cent ...  >>MORE

Abu Dhabi sets up Arab infrastructure project with Hochtief

Posted on 14/11/2006

German construction group Hochtief and Abu Dhabi investment agency Mubadala Development Co. have formed a venture to bid jointly for Arab infrastructure projects, a Mubadala official said recently. State-owned Mubadala, which has used a windfall in oil revenue to buy stakes in Western companies including sports car maker Ferrari, is bidding together with Essen-based Hochtief to develop airports in Jordan and Tunisia, Waleed Ahmad Al Muhairy, Mubadala's chief operating officer told Reuters. ...  >>MORE

IPIC to build Pakistani refinery

Posted on 13/11/2006

Abu Dhabi's International Investment Company "IPIC" is expecting its current year profits to hit the one billion dirhams (US$270,000) mark. The Company is considering investing US$5 billion in a new refinery in Pakistan. The refinery was among a number of future ventures that IPIC's Board of Directors discussed today. The meeting, headed by IPIC's Chairman, Sheikh Mansour bin Zayed Al Nahyan, Minister of Presidential Affairs, was called to assess the Company's performance from January thru ...  >>MORE

Mubadala plans energy investment in Russia

Posted on 06/11/2006

Abu Dhabi's Mubadala Development Company, Royal Dutch Shell Plc's partner in Algeria, is seeking oil and gas investments in Russia where the government is trying to wrest control of some energy projects from Western companies. "We have now been growing out of North Africa and the Middle East and in the near future will look for future growth in the Russian republics,” Khaldoon Al Mubarak, Mubadala's Chief Executive Officer, said in an interview in Abu Dhabi. State-owned Mubadala will ...  >>MORE

Dubai World investments now total more than Dh30b

Posted on 04/11/2006

State-owned Dubai World, the holding company for DP World, Nakheel, Jebel Ali Free Zone and Istithmar, has invested more than Dh30 billion in its businesses, its chairman said. Sultan Bin Sulayem told a bankers' lunch that Dubai World had invested the money in the various local and global operations of the businesses it is involved in, a statement from organisers Emirates Bank said. The figure includes investments in ports operator DP World, property firm Nakheel, the Jebel Ali Free Zone ...  >>MORE

Emirates Investment Group opens office in Singapore

Posted on 02/11/2006

The Emirates Investment Group has opened an office in Singapore to leverage the growth of the UAE's trade ties with the Far Eastern country. The opening ceremony was attended by Loh Wai Keong, Deputy Secretary of Singapore's Ministry of Trade and Industry; Sheikh Tariq Al Qasimi, Chairman of Emirates Investment Group, and several senior officials. "Our investments in Singapore started a year ago via Emirates Tarian, which is currently providing advisory services to publicly-listed companies ...  >>MORE

Emaar continues regional drive with new Jordan development

Posted on 02/11/2006

Emaar Properties has expanded into Jordan with a master-planned project that will boost tourism growth, encourage foreign direct investment and generate employment opportunities for the local population. The property developer, now on an international growth drive, will open its Jordan office in Amman at the end of this year. In line with the growth plans for Jordan as outlined by the King Abdullah II Fund for Development, Emaar Jordan, along with a group of regional and Jordanian ...  >>MORE

ADIH plans set up subsidiary in Geneva

Posted on 29/10/2006

The Abu Dhabi Investment House PJSC (ADIH) on Saturday announced setting up a new European subsidiary -- Investment House Advisory SA -- in Geneva, Switzerland. Elaborating on the European venture, ADIH CEO Rashad Janahi said the subsidiary will be 100 per cent owned by the financial institution. It will commence its operations in the first quarter of next year and will help increase investment flows between international markets and the GCC. Janahi said: "The ADIH already has a presence ...  >>MORE

Dubai Holding 'targets Liverpool'

Posted on 23/10/2006

Dubai Holding has emerged as a leading bidder for Liverpool Football Club, according to reports published yesterday in the UK press. The Sunday Telegraph newspaper said Dubai International Capital (DIC), the overseas investment arm of Dubai Holding, is renewing its interests in the English club after walking away from negotiations earlier this year. David Moores, the chairman of Liverpool, who owns a 51 per cent stake in the club, values its parent company at £300 million (Dh2.072 billion), ...  >>MORE

Emaar Education to open first international school

Posted on 19/10/2006

Emaar Education, the education arm of Emaar Properties, has received in-principle approval from the Singapore Ministry of Education to open its first international school in the country in January 2007. Raffles Campus, the Singapore-based premier education provider that was recently acquired by Emaar, will provide educational expertise to E R International School (ERIS). "Emaar's education initiatives are in line with the company's Vision 2010 of becoming one of the most valuable ...  >>MORE

Istithmar planning US$7b spending spree

Posted on 19/10/2006

Dubai government investment agency Istithmar is planning European and North American acquisitions worth US$7 billion before July 2007 in industries such as media and manufacturing, according to its CEO. Istithmar, which this month paid US$1 billion for a 2.7 per cent stake in London-based Standard Chartered, is looking to buy a controlling stake in a western European media company in a deal worth US$4 billion, David Jackson, Istithmar's chief executive said. "It's well positioned as a player ...  >>MORE

Construction to begin on Beirut Gate

Posted on 14/10/2006

Beirut - Abu Dhabi Investment House (ADIH) today announced its US$600 million project in the centre of Beirut will go ahead, as four world-renowned architects arrive in the City to finalise the design master plan. The architects are in Beirut to take part in the final (of four) design workshops for Beirut Gate, which will be an integrated commercial and residential sea view project in the Beirut Central District, commonly known as Solidere. The development will comprise eight plots spread ...  >>MORE

Istithmar acquires W Hotel Union Square in New York for US$285 million

Posted on 12/10/2006

Reinforcing its portfolio of high-profile assets in the hospitality sector across the globe, Dubai's leading alternative investment house, Istithmar, announced today the acquisition of the landmark W Hotel Union Square - a luxury hotel in Manhattan, New York - valued at US$285 million. The purchase of W Hotel Union Square is in line with Istithmar strategy to invest in iconic properties in key gateway cities across the world. The deal also amply reflects Istithmar investment strategy for the ...  >>MORE

Emaar E.C. expands size of King Abdullah Economic City project four-fold to 168 million esq.

Posted on 12/10/2006

Jeddah - Emaar the Economic City (Emaar.E.C) has significantly expanded the size of its largest-ever development in the Middle East, King Abdullah Economic City (KAEC) in Saudi Arabia, by nearly four times to cover an area of over 168 million sq metres and unveiled a new masterplan. The Tadawul-listed company has modified the KAEC masterplan to make substantial additions to its six major components - the Port, Industrial District, Central Business District (including commercial, mixed-use, ...  >>MORE

Tameer hopes to double portfolio in 2007

Posted on 12/10/2006

Real estate giant Tameer will have its most hectic period of development to date in 2007 as UAE developers scrap over the region's best plots of land, company officials say. The Sharjah-based company is anticipating a massive 100 per cent increase in the value of its current UAE and global portfolio next year, including potential new developments in Turkey and China. So far the company has launched UAE projects worth Dh60 billion, including Al Salam City in Umm al-Qaiwain, Al Ameera Village ...  >>MORE

Emaar to build fourth Saudi international airport

Posted on 11/10/2006

Emaar will develop Saudi Arabia's fourth international airport at the planned King Abdullah Economic City, its company chairman said on Monday. As reported in the Saudi press, Mohammad Ali Al Abbar, chairman of Emaar Economic City Company, said the airport would serve passenger and cargo traffic to the US$27 billion Economic City, to be built in Rabigh, some 200 kilometres north of Jeddah. Saudi Arabia already has three of the ten largest international airports in the Middle East and Africa ...  >>MORE

Emaar Economic City to triple its Red Sea project

Posted on 09/10/2006

Saudi property developer Emaar Economic City plans to triple the area of its US$26.7 billion (Dh97.9bn) real estate project on the Red Sea coast, the company said yesterday. The property developer's shares closed at Dh33.50, up 9.84 per cent, the largest gainer on the Saudi Tadawul index. A meeting of the board will be held on Tuesday to discuss the expansion at King Abdullah Economic City, a statement on the website of the Saudi stock exchange said. The area under development will increase ...  >>MORE

Istithmar acquires US$1 billion stake in Standard Chartered

Posted on 08/10/2006

Dubai based Istithmar announced Friday that it has completed a leveraged structured investment of approximately USD 1 billion relating to approximately 2.7% of the share capital of the Standard Chartered PLC. Standard Chartered is one of the world's foremost international banks with extensive networks in countries across the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas. The bank's strong growth story and strategic alliances position it ideally ...  >>MORE

Emaar to invest $20b in Algeria

Posted on 08/10/2006

Emaar Properties had obtained the necessary government licences for commencing its huge real estate and tourist projects in Algeria with investments of over $20 billion, announced Algerian Minister of Participation and Investment Promotion Hamid Temmar on Friday. Work on these projects is expected to start in the first half of next year. Emaar's five projects will be carried out in different parts of Algeria including the capital Algiers and Algerian western coastline stretching to the ...  >>MORE

Emaar seals US$43bn island project in Karachi

Posted on 28/09/2006

Emaar Properties has received government approval for a US$43 billion (Dh157.81bn) project to develop two island resorts near Pakistan's port city of Karachi. Emaar, with 85 per cent equity in the project, will build homes and apartments at Bundal and Buddo Islands over 13 years, Ashfaque Hasan Khan, Pakistan government's economic adviser, said in a news conference today in capital Islamabad. The approval for the project was given by Prime Minister Shaukat Aziz in a meeting yesterday, he ...  >>MORE

Emaar acquires Singaporean Raffles Campus' to provide world-class

Posted on 27/09/2006

In a landmark diversification drive, global real estate major Emaar Properties ("Emaar") through its wholly owned subsidiary Emaar Education, has acquired Singapore-based Raffles Campus Pte Ltd., ("Raffles Campus") a premier education provider, to surge ahead with its projects in the educational sector. Raffles Campus is a leading educationalist with campuses in Singapore, Indonesia, Hong Kong, China and Vietnam. Upholding an integrated pathway model of education as one of its high points, ...  >>MORE

Dubai Holding closes its US$2.25bn loan syndication

Posted on 24/09/2006

Dubai Holding has said it has successfully closed its syndication of a US$2.25 billion (Dh8.2bn) loan for financing its 35 per cent stake in Tunisie Telecom. The loan has enabled the consortium, formed by Dubai Holding's subsidiaries Dubai Investment Group and Tecom Investments (Tecom-DIG), to complete their investment in Tunisie Telecom. The 18-month syndicated loan was heavily oversubscribed in July according to the company. A total of 45 financial institutions participated in the ...  >>MORE

Istithmar team buys US$1b South African property

Posted on 21/09/2006

Dubai World's investment arm Istithmar and its UK-based joint venture partner London & Regional Properties have acquired a famous mixed-use waterfront property in South Africa in a USUS$1 billion deal. Istithmar formed a 50:50 venture with London & Regional Properties to buy the Victoria & Alfred Waterfront Co. from government-owned Transnet Ltd. The joint venture also includes investors from South Africa's Black Economic Empowerment. A USUS$700-million loan has been arranged with South ...  >>MORE

Emaar unveils new Egypt project

Posted on 19/09/2006

Emaar Properties yesterday announced the development of a Dh6.3 billion mixed-use project in Egypt, Marassi Development, that will stretch across a 7-km strip of tourist resort land, the company said in a statement. With this, the total value of Emaar's two Egypt ventures has crossed Dh21.30 billion, as the Dubai-based developer presses ahead with massive mixed-use and tourism projects in Egypt. Emaar has five master planned mixed-use community projects in Egypt, including Cairo Heights, ...  >>MORE

Abraaj Capital acquires 10.7 pct stake in Jordan National Bank

Posted on 14/09/2006

Abraaj Capital yesterday announced that it has acquired 10% equity of Jordan National Bank (JNB). The deal has been concluded through Abraaj Capital's Abraaj Special Opportunities Fund (ASOF) II. JNB is listed on the Amman Stock Exchange (ASE). The Jordanian Exchange Commission has approved the capital increase of 8 million shares giving Abraaj a total holding of 11.8 million share, equivalent of 10.7% shareholding. Established in 1955, Jordan National Bank (JONB) is one of Jordan's ...  >>MORE

Page: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19

RETURN TO TOP | WAM UP TO THE MINUTE NEWS

Quick List

Dubai World firm targets Dh1b fund for women


ADIA buys 7.6% Suez Cement stake


Emaar’s Indian unit plans Dh10.7bn IPO this year


DIC takeover of Liverpool club soon


Foundation of Emaar's US$45 billion Diamond Bar Island City to be laid


Sama to display US$1 billion Salam


Ferrari F1 team to drive Mubadala brand


Work on Emaar's Syria project on schedule


Investment by UAE in Pakistan to top $50b


Development value of Emaar Jordan hits US$500m


Mubadala in a consortium with Suez to build IWPP in Oman


DIC eyes Liverpool as a business


Mubadala to build hotels jointly with MGM Mirage


Sorouh to enter North African market with Morocco foray


Damac moves into Egypt with Dh60bn development


Emirates-UK Investment Exhibition opens in London


Investment hits Dh100b in Ras Al Khaimah zone


Abu Dhabi sets up Arab infrastructure project with Hochtief


IPIC to build Pakistani refinery


Mubadala plans energy investment in Russia


Dubai World investments now total more than Dh30b


Emirates Investment Group opens office in Singapore


Emaar continues regional drive with new Jordan development


ADIH plans set up subsidiary in Geneva


Dubai Holding 'targets Liverpool'


Emaar Education to open first international school


Istithmar planning US$7b spending spree


Construction to begin on Beirut Gate


Istithmar acquires W Hotel Union Square in New York for US$285 million


Emaar E.C. expands size of King Abdullah Economic City project four-fold to 168 million esq.


Tameer hopes to double portfolio in 2007


Emaar to build fourth Saudi international airport


Emaar Economic City to triple its Red Sea project


Istithmar acquires US$1 billion stake in Standard Chartered


Emaar to invest $20b in Algeria


Emaar seals US$43bn island project in Karachi


Emaar acquires Singaporean Raffles Campus' to provide world-class


Dubai Holding closes its US$2.25bn loan syndication


Istithmar team buys US$1b South African property


Emaar unveils new Egypt project


Abraaj Capital acquires 10.7 pct stake in Jordan National Bank