SAUDI ARABIA. The chairman of Kingdom Holding Company, HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, who has been the driving force behind the decision to build the world's tallest tower in Saudi Arabia, announced that the construction contract has been signed today.
Kingdom Tower, with a height of over 1,000 meters, will begin construction imminently in Jeddah, Saudi Arabia.
Kingdom Tower will be the centerpiece and the first construction phase of Kingdom City, Jeddah Economic Company's (JEC) new urban development of more than 5.3 million square meters of land in the
UAE. "We assess the proposed hybrid capital securities as having intermediate equity content, under our criteria," said Standard & Poor's Ratings Services.
INTERNATIONAL. The Australian Foreign Minister has blasted as "indefensible" the length of time the legal process took in the UAE after an Australian was jailed for property fraud.
KUWAIT. Damages for former leader Muammar Gaddafi's cancelling of the construction of a vacation resort in Tripoli, which would have included hotel accommodation, villas and a shopping mall.
UAE. Located at the tip of The Palm, opposite Atlantis, the project will contain a diverse range of shopping, dining and entertainment facilities, including a spectacular fountain display.
UAE. Saudi Arabia's SABIC clinched the number one spot with net profits of US$6.6 billion and US$90.2 billion in total assets; Qatari companies top the banking, industrials, insurance, transport and retail sectors; The real estate sector is back on track.
UAE. The consequences of not being classified means that a company may not be able to hold a commercial license issued by the Abu Dhabi Department of Economic Development.
INTERNATIONAL. The reckless monetary and fiscal policies of the West are undermining private property and responsibility for individuals. Yet both need each other and bring obligations with them in many respects.
UAE. The development will offer its guests 481 large rooms and suites, and 221 signature Viceroy Residences all with breathtaking views of the Arabian Sea made possible by innovative architecture and design.
UAE. The awards evening was a inspirational gathering, stirring budding entrepreneurs to aspire to brilliance and well-established businesses to expand their horizons, collaborate with the best in the region, and win.
BAHRAIN. Wael Aburida will lead the MENA private equity and real estate team covering the Middle East, North Africa and Turkey, with responsibility for deal origination, negotiations, execution, portfolio management, and exits.
UAE. Stock market indices racing ahead but GDP figures do not support the euphoria and commodity outflows fuel the rally; Is there too much liquidity in the banking system?
UAE. While new orders continued to rise sharply, the rate of increase eased to the slowest in a year. Meanwhile, employment levels rose at the fastest pace in two years.
iNTERNATIONAL. Control over Homs will enable al Assad to rapidly move forces from the north to the south to meet emerging rebel threats. It will also provide a key avenue of retreat to the Alawite coast in the event that he needs to flee Damascus.
UAE. "There is a substantial amount of debt that is coming due in the next few years, and it will be important to manage pro-actively that process. Information and communication with potential market participants will be a key part of this."
UAE. "There is a substantial amount of debt that is coming due in the next few years, and it will be important to manage pro-actively that process. Information and communication with potential market participants will be a key part of this."
UAE. Experts address information security issues at Gulf Information Security Expo and Conference; Kevin Mitnick, hacker turned international cyber security guru, to deliver keynote address on the threat hackers pose to corporate security.
INTERNATIONAL. Nothing new is coming online anytime soon and movement on developing renewable energy resources has been sadly inadequate. The idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype.
UAE. "There is a substantial amount of debt that is coming due in the next few years, and it will be important to manage pro-actively that process. Information and communication with potential market participants will be a key part of this."
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