Dubai Creek to get US$163 million development
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Mon May 14, 2012 12:23 pm

UAE. Dubai Creek, the waterway that divides the emirate, is to be developed at a cost of AED600 million (US$163 million), enabling almost 400 large dhows and ships to anchor, The National reported, citing Hussain Lootah, the municipality’s director general.

The waterway will be deepened, a three-kilometer wharf will be built and the stalled Business Bay canal project will also be revived, according to the newspaper.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 6, 2015
UAE. Business doesn't predict a plunge, London Business School survey finds; Only 3% of those surveyed expect an annual decline larger than 20%; Over a third cited a strong economic outlook.
date:Posted: July 6, 2015
INTERNATIONAL. Pretend and extend died last night, hopefully it will be replaced with a normal business cycle, normal ebbs and flows, but first politicians will try to save face by trying to do just one more round of pretend-and-extend, but the patient has died.
date:Posted: July 6, 2015
UAE. Marked slowdowns in growth of output and new business were at the forefront of the overall deceleration, while employment continued to rise at a solid pace.
INTERNATIONAL. Pretend and extend died last night, hopefully it will be replaced with a normal business cycle, normal ebbs and flows, but first politicians will try to save face by trying to do just one more round of pretend-and-extend, but the patient has died.
dhgate