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| A comprehensive guide
to current and future events and exhibitions in the UAE |
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Valuable concise reference source on the UAE,
covering political system, economy, business, history and heritage,
education, women, healthcare, tourism and environment. |
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Natural history of the UAE,
covering all animals and plants recorded in the Emirates. |
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Report by National US Arab Chamber of Commerce on the UAE. Vol XV, No 3, June 2007. Includes analysis of UAE economy. |
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THE ECONOMY - INTERNATIONAL INVESTMENTS
 Nakheel Hotels to pause in US investments
Posted on 16/11/2008
As Nakheel Hotels celebrated the opening of the Fontainebleau Miami Beach resort this weekend, Gulf News has learned that the company is planning a "pause" in US hotel investments as it eyes markets in Asia and the Middle East for its future developments.
Following the announcement in April that Nakheel Hotels had bought a 50 per cent stake in Florida's iconic Fountainebleau Miami Beach Hotel, the grand opening of the newly renovated resort was celebrated by dignitaries, businesspeople and a
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 Mubadala Infrastructure Partners announces first closing of regional fund
Posted on 11/11/2008
Mubadala Infrastructure Partners Ltd (MIP), a joint venture between Mubadala Development Company PJSC (Mubadala), GE and Credit Suisse announced yesterday the first closing of its regional infrastructure fund, Mubadala Infrastructure Partners ("the Fund") in the amount of US$ 300 million.
MIP, as the manager of the Fund, will invest in a range of infrastructure projects and assets in the Gulf Cooperation Council (GCC) countries, the Middle East and North Africa (MENA) region, and Turkey. The
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 DP World signs Algerian ports deal
Posted on 11/11/2008
The Algerian Government yesterday signed agreements, which will see DP World taking over the operation of the ports of Algiers and Djen-Djen.
The agreements were signed in Algiers in the presence of the Algerian Minister of Transport, Amar Tuo and Minister of Industry and Investment Promotions Abdelhamid Temmar and Dubai World and DP World Chairman Sultan Ahmed bin Sulayem and DP World Executive Vice-Chairman and Group CEO of Port and Free Zone World (P&FZ World) Jamal Majid bin Thaniah. Other
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![]() Dubai Investments net profit soars to Dh1.67 billion for nine month period ended 30 September 2008
Posted on 31/10/2008
Dubai Investments PJSC ("DI") maintained its excellent earnings growth with net profit for the nine month period ended 30 September 2008 surging to record levels. Net profit for the Period increased to Dh1.67 billion from Dh1.07 billion for the same period last year, an increase of 56 per cent.
Total income for the Period increased to Dh4.10 billion from Dh2.59 billion for the same period last year, an increase of 58 per cent.
The net profit for the third quarter of 2008 (3Q08) increased to
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![]() UAE to invest US$40 million in Pakistan
Posted on 29/10/2008
The UAE to invest US$40 million in agriculture project in Baluchistan, southwestern province of Pakistan.
The agreement will enable UAE government and a private international farming company, Al Dahra to set up an agriculture-based industry covering 18,000 acres of land in Mirani Dam command area to cultivate wheat, cotton, pulse and other grains.
This was reached during a meeting held between the visiting seven-member UAE delegation and Baluchistan Chief Minister, Nawab Raisani in Quetta
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![]() UAE's ADCB takes part in Abu Dhabi Investment Forum in London
Posted on 26/10/2008
Abu Dhabi Commercial Bank (ADCB) announced its participation as a Lead Sponsor in the Abu Dhabi Investment Forum 2008 to be held in London on the 28th of October 2008.
The Abu Dhabi Investment Forum 2008, which is held under patronage of Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces H.H. General Sheikh Mohamed bin Zayed Al Nahyan, will showcase the economic outlook for the Emirate of Abu Dhabi and highlight the business and investment opportunities created
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 ADIC acquires Unitra METS Group
Posted on 23/10/2008
ADIC MENA Partners, LP, a private equity fund managed by Abu Dhabi Investment Company (ADIC), announced the acquisition in a leveraged buy-out transaction of a majority stake in Al Zarooni Family's Unitra METS Group, a specialty beverage distributor, headquartered in Dubai - UAE, with 2008 revenues expected to be in excess of Dh600 million.
The acquisition of the Unitra METS Group clearly highlights ADIC Private Equity's strategy of buying majority stakes from family and other business owners,
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![]() Rakia in MoU to establish integrated city in India
Posted on 22/10/2008
Ras Al Khaimah Investment Authority (Rakia) said yesterday it has signed a memorandum of understanding (MoU) with the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) to establish the $5 billion (Dh18.36bn) Hyderabad Economic City, an integrated financial hub and healthcare city.
The MoU was signed by Wahid Attalla, member of the board, Rakeen, the real estate development arm of Rakia, and APIIC Chairman and Managing Director BP Acharya, in the presence of Andhra Pradesh Chief
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 IFA to open regional office in Abu Dhabi: French minister
Posted on 21/10/2008
Motivated by the distinguished bilateral political and economic relations, the French government has decided to open a regional representative office for its investment arm in Abu Dhabi, a French minister announced yesterday.
'Selection of Abu Dhabi for hosting a regional representative office for the Invest in France Agency (IFA), a public industrial and commercial body responsible for promoting, prospecting and facilitating international investment in France, has sprung out of its investment
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 Dubai World unit plans US$55m Chinese drydock
Posted on 19/10/2008
A Dubai World unit plans to buy 60 per cent of a Chinese drydock for US$55 million as it expands overseas to diversify its revenue sources, the firm's chairman said in remarks published on Saturday.
Sultan bin Sulayem told he wanted Dubai Drydocks World to depend less on the Gulf Arab emirate for profit by investing in acquisitions abroad. He named the Chinese drydock as Top Niche.
Sulayem said the global financial crisis has not affected the firm's businesses or investment plans and it is
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 Dubai World to expand business in Asia
Posted on 18/10/2008
Batam, Indonesia: Dubai World, which last year bought two Singapore-based shipyards, is looking to further expand its marine engineering and fabrication business in Asia with potential acquisitions in China, India, Thailand and Vietnam.
Drydocks World, the group's shipyard business unit, is exploring several opportunities in those countries, Dubai World Chairman Sultan Ahmad Bin Sulayem told reporters during a tour of the company's facilities in Indonesia and Singapore.
He said the group
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 Al Maabar unveils details for Baghdad US$ 10bn development
Posted on 13/10/2008
International real estate development investment company, Al Maabar, has unveiled details of its new project, to be developed in Baghdad, Iraq.
The US US$10 billion (Dh 36.5 billion) development, which is located at the Al Rasheed Military Compound, will stretch across 1,250 hectares and comprise several key clusters including residential units, a commercial district, a technology center, a hotel and hospitality district, health care and educational districts, and public facilities such as
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 Dubai's Zabeel Investments eyes Charlton Athletic football club
Posted on 12/10/2008
Dubai's Zabeel Investments has offered to acquire prestigious English football club Charlton Athletic.
Zabeel had been looking at an opportunity to invest in a leading English football club and had been monitoring the situation at Charlton Athletic closely, the club said on its website on Friday.
The board of Charlton Athletic said the indicative cash offer is subject to a number of preconditions however "it is at a level at which, should the offer be made formally to shareholders, the board
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 London to host Abu Dhabi Investment Forum on Oct. 28
Posted on 10/10/2008
The Department of Planning and Economy (DPE) in Abu Dhabi is organising the Abu Dhabi Investment Forum to be held in London on Oct. 28, 2008. The Forum will be a one-day event involving more than 150 international investors, Abu Dhabi's key industry leaders, financial intermediaries and top-level policy makers.
The event will be held under patronage of Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces HH General Sheikh Mohamed bin Zayed Al Nahyan.
In a press
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![]() Abu Dhabi investors to pioneer Baghdad projects
Posted on 08/10/2008
Abu Dhabi firms pledged to inject hundreds of millions of dollars into Iraq's telecoms and property markets, on a day when Baghdad received a surprise visit from Sheikh Mohammed bin Zayed, the Crown Prince of Abu Dhabi.
The flurry of new deals comes after the Government announced in July that it would forgive a US$7 billion (Dh25.7bn) debt owed to it by Iraq, a hangover from the Saddam era.
In light of a vastly improved security situation in Iraq over the past six months, a consortium of Abu
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