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Issue No 292 - 25 Nov 2008
 
 
MAF, ADIH in Qatar Entertainment City JV
Majid Al Futtaim Group has entered into a joint venture agreement with Abu Dhabi Investment House (ADIH), a boutique investment firm, to develop the heart of Entertainment City, the ‘Downtown Precinct’, in the Lusail district of Doha. more
 
Hydra Properties names new CFO
Hydra Properties has appointed Hesham Heikal, member of the American Institute of Certified Public Accountants, as its new chief financial officer (CFO). more
 
 
Aabar to invest $136m in real estate
Abu Dhabi-listed Aabar Investments Co, which invests in energy, said it plans to plough at least 500 million dirhams ($136.1 million) into the property sector despite fears of a slowdown. more
 
Dubai to pull back on building spree: Alabbar
Dubai has decided to pull back on its building spree in light of the financial crisis, Mohamed Alabbar, a Dubai government official and chairman of Emaar Properties said on Monday. more
 
Amlak, Tamweel to merge under UAE govt bank
Two of Dubai's biggest property lenders, Amlak and Tamweel, will be merged under a government-owned bank, the UAE ministry of finance said on Sunday, as the financial crisis bites Gulf Arab states. more
 
ETA on S&P negative watch over debt fears
The Wave, Muscat, Omanís premier freehold integrated tourism development, has opened its apartments within the Lasail East and West and Lasail Marina sectors, as well as beach park villas and villas within Sector 5, for sale. more
 
Diyar Al Muharraq to sponsor waterfronts meets
Diyar Al Muharraq, one of the largest mixed-use urban waterfront developments in Bahrain, will be the exclusive diamond host sponsor of the 2nd Urban Waterfronts Conference 2009, to be held in the Kingdom for the first time. more
 
Arcapita in deal to develop $3.5bn Qatar golf project
Arcapita Bank, a global investment house headquartered in Bahrain, and Al-Imtiaz Investment Company, a Kuwait-based investment company, have joined hands to develop Al Sidra, a $3.5 billion golf residential project in Doha, Qatar. more
 
$60bn Ajman city project faces slowdown
Construction of a $60 billion city in Ajman could be slowed, its developer said, in another sign that the global economic crisis is hitting the Middle East's grand development plans.more
 
 
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