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Issue No 296 - 26 Jan 2009
 
 
Tecom makes key appointments
Tecom Investments, a member of Dubai Holding, named new executive directors for two of its media clusters within its expansive portfolio, in tandem with its rapid growth momentum. more
 
Union Properties to issue $680m bonds
UAE'S Union Properties said on Sunday its shareholders have approved the issuance of unconvertible bonds worth 2.5 billion dirham ($680.6 million) to strategic investors. more
 
 
Baniyas project secures ADCB, ADIB funding
Bawabat Al Sharq, a mixed-use community development in Bani Yas, Abu Dhabi, said two Abu Dhabi banks have agreed to offer preferential financing options of up to 80 per cent on the total value of the development to buyers. more
 
Abu Dhabi developer delays new projects
Abu Dhabi developer Manazel Real Estate is postponing and reassessing its new projects until the property market recovers said a news report. more
 
Falconcity backs Abu Dhabi realty show
The 5th annual Abu Dhabi Real Estate and Investment Show (IREIS 2009), to be held from January 27 to 29, will witness the showcasing of several key projects like the Falconcity of Wonders. more
 
Moody's may downgrade Alaqaria rating
Moody's Investors Service has placed the A2 local and foreign currency issuer ratings for Qatar Real Estate Investment Company (Alaqaria) under review for possible downgrade. more
 
Dubai property demand 'will top supply'
Demand for real estate in Dubai is likely to outweigh supply this year despite the fallout of the global financial crisis, Emaar Properties chairman Mohamed Alabbar said in remarks published on Thursday.more
 
Bahrain Financial Harbour names key official
Bahrain Financial Harbour Holding Company (BFHHC) has appointed Eric Fotiadis as its new chief development and co-ordination officer. more
 
Marina West's $700m development on target
Construction work on Marina West's $700 million development project is on target, it was announced. more
 
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