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HuaweiMUSCAT — The Batinah region’s largest shopping mall is nearing completion in Sohar, Oman’s fast expanding heavy industrial city. ‘Sohar Plaza’, set up by the Jawad Sultan Group and boasting state-of-the-art multiplex cinemas, food courts and upscale shopping outlets, will be opened next month.
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DUBAI — UAE shares declined on Thursday in knee-jerk reaction to slumping oil prices while weak global markets gave investors reasons to cash in profits after recent rallies.
ABU DHABI — The Abu Dhabi Investment Authority said on Thursday that it has appointed Bill Schwab as Global Head of Real Estate, based in Abu Dhabi, with immediate effect.
DUBAI — Shaikh Ahmed bin Saeed Al Maktoum, will be the Patron of Materials Handling Middle East event, schedule to open from May 31-June 2, 2009.
DUBAI — Adel Ali, Chief Executive Officer of Air Arabia, revealed that his company plans to increase the number of aircraft operating in the UAE at an annual rate of four to five.
ABU DHABI — Aviation experts believe that the regional airline industry will continue its impressive growth over the next five years, despite the gloom that engulfs the industry elsewhere in the world,
DUBAI — Earthwork is nearly complete on the first phase of Al Wasl, Limitless’ $12 billion, 1,400 hectare mixed-use community project near Riyadh, with more than 400 pieces of machinery on site for the final stages of ground levelling and clearance work, it was disclosed on Thursday.
RAS AL KHAIMAH — The Ras Al Khaimah Free Trade Zone (RAK FTZ), one of the fastest growing free trade zones in the region, has launched a brand new commercial building in the Business Park — Business Centre 4.
DUBAI — Abraaj Capital Ltd., the Middle East’s biggest private buyout firm, aims to acquire publicly traded companies in countries from Saudi Arabia to Turkey as it seeks to benefit from falling share prices amid the financial crisis.
ABU DHABI — The Abu Dhabi government intends to expand property rights further for foreign investors to improve the attractiveness of the emirate as an investment destination.