Arab firms to tread carefully DUBAI - Arab companies thinking of going global should ask themselves two questions, said Emaar Properties chairman, Mohammed Alabbar:
ACI launches Dh550 million Boris Becker Business Tower DUBAI - ACI Real Estate, a German project developer, and affiliate of Alternative Capital Invest,
BNP Paribas to expand in GCC DUBAI - BNP Paribas is reaffirming and expanding its presence in the Gulf by expanding its operations and introducing new services,
Alstom to bid for Dubai metro, rail projects DUBAI - Alstom, the French provider of power generation and rail transport equipment and services, is eyeing a number of infrastructure projects in the Gulf region for which it intends to bid against other international companies, the company's top executives told reporters while visiting Dubai this week.
$30m expansion of JIFF at Dubai airport completed DUBAI - The $30 million expansion of the Joint Industry Fuel Farm (JIFF) at Dubai International Airport has been completed, it was announced yesterday.
Darvesh Group partners with Ivana Trump for Le Diamond The Darvesh Group, an international business conglomerate, will be undertaking 40 real estate developments over the next five years at a total cost of $6 billion, the groups managing director, Ahsan Hassan Darvesh, said in Dubai yesterday.
The older we grow, the more dissenting we become We may want to answer 'yes' to both these questions but what would there be any substance in the reasoning?
Only deep recession will end high oil prices DUBAI - Only a deep recession leading to a slowdown in Asian growth will end high oil prices, according to the London-based Centre for Global Energy Studies (CGES) in its monthly oil report dated March 17.
Protectionist policies 'could lead to slowdown' DUBAI -Speaking on the first day of the World Insurance Forum in Dubai, which follows the theme "Where West meets East...The New Frontier," Lord Patten of Barnes outlined the five main risks that he believed the world faced. The subject of his address was "Perspectives on the advantages of globalisation and understanding terrorism in today's world,"
Algebra AUMs exceed $1b; plans to launch new funds DUBAI -Algebra Capital, the Dubai-based asset management firm, yesterday announced its assets under management (AUMs) exceed $1 billion, a little under a year since the firm started managing money. "We hope to add another $0.5 billion to $1 billion in 2008," said the firm's founder and CEO, Ziad Makkawi. "This will depend on the success of existing funds and new funds to be launched," he added.
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