Dubai Builders Resource

Al Hilal Bank and Mashreq said on Saturday they had closed a shari’ah fund facility to help finance a new indoor theme park in Dubai. Acting as the mandated lead arrangers, they said the funds had been raised for the Ilyas and Mustafa Galadari Group (IMG) but did not say how big the financing package [...]

Dubai plans to spend about AED1bn ($272m) over five years to improve roads, the emirate’s transport authority said on Saturday. The initial phase of the plan, which runs through to 2016, covers five residential communities including Hatta and Al Qusais 3 in addition to Al Quoz 2, 3 and 4, said Mattar Al Tayer, chairman [...]

(MENAFN) Dubai’s Roads Transport Authority (RTA) announced that it awarded two contracts with a combined value of USD10.34 million for the construction of internal roads at Al Qusais 3, and Al Qouz-4, reported Emirates 24/7. The RTA said that the projects are part of the 2012-2016 5-year plan to pave Dubai’s internal roads at a [...]

by Lorys Charalambous, Tax-News.com, Cyprus 18 May 2012 Dubai’s Economic Council believes that the Emirate will achieve economic growth above the estimates of international institutions, with strong performance anticipated in many of its key sectors in 2012. Ali Tawfiq Al Sadeq, the Chief Economist at Dubai’s Economic Council said: “Our projections show that Dubai’s real [...]

Email |  Comment   Share   Radiation Protection Products, Inc. 1000 Superior Blvd. Wayzata, MN, 55391USA Press release date: May 15, 2012 Radiation Protection Products, Inc. (RPP) is proud to announce the opening of its newest sales office, located in Dubai, United Arab Emirates. The new office will serve customers throughout the MENA (Middle East/North Africa) [...]

(MENAFN – Emirates News Agency (WAM)) Local companies that participated in the UAE pavilion at the recently concluded Project Qatar 2012 exhibition were able to clinch 17 deals, together worth AED221 million, with Qatari and international companies. The 3,000 square metre UAE pavilion, led by Dubai Exports, the export promotion agency of the Department of [...]

Email |  Comment   Share   DuPont 14 W. Alexander Dr. Research Triangle Park, NC, 27709-4425USA Press release date: May 2, 2012 Glass Laminating Solutions solar energy solutions highlight DuPont sustainability focus Dubai, United Arab Emirates – DuPont, a leading innovation and market-driven science company has announced that its environmentally-friendly and sustainable products will be displayed [...]

(Updated with additional information about the Poseidon hotel.) Skylines are so passé. In an attempt to give travelers better—or at least closer—ocean views, Dubai-based construction company Drydocks World and Swiss consulting, engineering, and brokerage firm BIG InvestConsult will build the Water Discus Hotel, a luxury underwater hotel in Dubai. Poland’s Deep Ocean Technology designed the [...]

Balfour Beatty, Britain’s largest contractor, has seen improvements in Dubai and says contract wins in the Middle East has helped the company maintain a £15bn order book. In its 2012 Q1 interim management statement, covering the period January 1 to May 8, the company said Dubai and the US were “upsides” looking forward. “Looking ahead, [...]

(MENAFN) Dubai Investments’ managing director and chief executive, Khalid Kalban, stated that first-quarter net profit went up 6.3 percent to USD29.3 million, from USD27.51 million in last year’s same period, reported Arab News. Kalban said that during the period, revenue fell to USD169.56 million, compared with USD175 million, whereas revenue from sale of goods and [...]