Home » Archives for March 2014

Ancient masters return to Iraq

01:45
•
Image source: arabianbusiness.com
Ur’s palaces and temples lie in ruins, but its hulking ziggurat still dominates the desert flatlands of what is now southern Iraq, as it has for millennia.
Climbing the ziggurat’s baked-brick stairway to its wind-scoured summit, you gaze over the royal cemetery excavated 90 years ago by Leonard Woolley, a Briton who recovered treasures rivalling those found in Tutankhamen’s tomb in Egypt in 1924.
Very little work has been done here since, but British archaeologists are now back in the area despite the insecurity in Iraq that had kept them — and all but the most adventurous tourists — away from one of the world’s oldest cities.
Brushing the caked dust from their clothes, Jane Moon and Stuart Campbell arrive back in Ur from another day of digging in a smaller settlement at Tell Khaiber, 20 km (13 miles) away.
READ MORE

Dubai bomb belt woman will be in prison for 7 years

01:41
•

A woman that threatened to blow out by herself up in the Dubai Public Prosecution building by using an explosive bomb belt, in a course over testifying fatherhood of her child, has recently been sentenced to seven years in jail, according to local media reports.
A judge has additionally ruled that the 33-year-old Uzbek woman, Z.H., be deported after serving her prison term.
READ MORE

Emaar started second phase of Mulberry at Park Heights

03:06
•
Mulberry at Park Heights in Dubai

Emaar will launch the second phase of its Mulberry project at Park Heights development in the Dubai Hills Estate this week.

Set in Mohammed bin Rashid City, the second phase will feature about 330 apartments set “amid a green verdant landscape”, according to Emaar, which is developing the project in a joint venture with Meraas Holding.

“Emaar’s domestic project launches have been phased and restrained, at between 500-1,000 units per sales round. This has ensured the full absorption of each residential product, and has served to mitigate supply shocks to the market,” said Mohammad Kamal, the research director at the Dubai-based bank Arqaam Capital.

The new project will feature an 18-hole golf course, along with a tennis academy, swimming pool, and jogging and cycle tracks.

The launch will take place simultaneously in Dubai, Abu Dhabi, Baku and Hong Kong, with online registration starting on Wednesday at 10am.

Sales will then be held on Saturday at Emaar Pavilion on Mohammed bin Rashid Boulevard, in Dubai, and at the Emaar Sales Centre in Al Nahda Tower, in Abu Dhabi, at 10am.
READ MORE

Arabtec got $40 billion project in Egypt

03:02
•

Arabtec Holding’s securing of a US$40 billion project to build houses in Egypt could open the floodgates for a wave of investments from the UAE, says the chief executive of the country’s biggest investment bank.

Karim Awad, co-chief executive of EFG-Hermes Holding, was speaking after the UAE’s largest listed construction company’s revealed plans to develop 1 million homes over five years, spearheading a massive public housing programme in the country. The Dubai-listed builder’s stock gained 1.67 per cent yesterday following the disclosure late on Sunday.

“It visibly demonstrates how the UAE is supporting the government of Egypt,” said Mr Awad on the sidelines of a conference hosted by the bank in Dubai. “If one investor comes in it gives confidence for other investors to start working. Regardless of what has been happening in the recent period, the Egyptian market still has 90 million people, still has a lot of human capital and a lot of industries offering huge potential to GCC companies.”

Ties between the UAE and Egypt have deepened in recent months after the UAE extended $6bn in support of the Arab world’s most populous country following a revolution and the removal of the former president Mohammed Morsi in July.

Saudi Arabia and Kuwait have also extended assistance as Egypt struggles with lacklustre growth and a dearth of investment.

Arabtec’s deal, believed to be the largest housing project in the Arab world, is viewed as a cornerstone of the government’s bid to provide affordable housing to Egyptians. As many as 16 million are estimated to have inadequate housing.

READ MORE

UAE lawyer arrested in US over fraud

01:36
•
The acting CEO of Ras Al Khaimah Investment and Development Board has been arrested in the US for his alleged involvement in a spectacular fraud case that saw one of the largest corporate collapses in history.
Steve Davis was chairman of the prestigious Dewey & LeBoueuf law firm during the global financial crisis, when he and two other executives are accused of deliberately falsifying accounts to avoid violating the terms of the firm’s bank loans.

He is facing several serious charges, including grand larceny and fraud worth hundreds of millions of dollars.
The 106-year-old company, which had offices in the UAE, eventually collapsed and filed for bankruptcy in May 2012.
READ MORE

Abu Dhabi Motors titled world's top Rolls-Royce dealer

21:35
•
Abu Dhabi Motors titled world's top Rolls-Royce dealer

Abu Dhabi Motors, the sole dealer for Rolls-Royce in Abu Dhabi and Al Ain, has won the Global Dealer of the Year Award for 2013.

The dealership repeated its 2012 achievement, edging out Beverly Hills, London, Beijing and Moscow for the title which recognises its sales and parts performance as well as aftersales standards.

Abu Dhabi Motors said in a statement that it achieved a sales growth of 23 percent last year compared to the previous year.

Abu Dhabi Motors was also honoured for being the bestselling Global Bespoke Dealer in 2013, a title it has claimed as its own for the fifth consecutive year. 
READ MORE

Bahrain's GFH to start delayed $3bn Tunisia project

06:49
•
Bahrain's Gulf Finance House (GFH) will start building a $3 billion financial park and real estate development north of Tunisia's capital, a project that had been suspended for five years, the Islamic investment bank said on Monday.
The project will be one of the largest private foreign investments in the North African state, which has struggled to revive its economy since the revolution that toppled former President Zine El-Abidine Ben Ali three years ago.

A caretaker government has taken over to run Tunisia until elections later this year, ending months of crisis. But despite political progress, high living costs and a lack of economic opportunities remain the major concerns for many Tunisians.
GFH's project was scheduled to begin in 2009, but financial difficulties at the Islamic bank andTunisia's 2011 uprising froze several large-scale projects.
READ MORE

Aldar says building 2,300 new homes for Emiratis

06:37
•
Aldar Properties said on Monday that it is building 2,300 homes worth AED5.7 billion ($1.55 billion) for UAE nationals on behalf of the Abu Dhabi Government.
The developer said in a statement that current projects under development include two large projects in Abu Dhabi and one in Al Ain. The projects consist of 1,020 villas on Yas Island and 996 villas in Al Falah and 275 Villas at Al Ghuraibah in Al Ain.

The projects are fully funded by the Government of Abu Dhabi and form part of itscommitment towards raising the quality of living for UAE nationals.
The three developments are slated for completion in 2016, Aldar said.
READ MORE

Business Setup in Dubai

06:07
•
Dubai has quickly gained a reputation among investors as one of the most business-friendly destinations in the UAE and the Gulf States. Its focus on creating an investment-friendly business atmosphere through attractive and generous tax incentives as well as moves to open the market and promote entrepreneurial innovation has made business start-ups in Dubai the top choice over anywhere else in the world. However, starting a business in the country can be tricky because of the bureaucratic requirements that can be difficult to navigate if you are not familiar with them.


Future Way Business Services LLC is offering the widest and most comprehensive range of company formation and registration services to investors who want to start a business in our country. Our staff members have extensive experience in providing businesses with the services that they need so that they can start operating without delay. Whether you are one of the top corporations in the world or a small and medium-sized operation, we are here to help. Please feel free to get in touch with us so that we can talk about how we can help your business get off to a running start.
READ MORE
Subscribe to: Posts ( Atom )
 
Copyright © Biz Tweet. Designed by OddThemes