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: October 22, 2014
INTERNATIONAL. The problem with an export-based economy is that the exporter is the hostage of its customers. Germany's and China's well-being depend not only on how they manage their economies, but on how their customers manage their own economies.
date:Posted: October 22, 2014
UAE. Middle East investment banking fees reached US$138.2 million during Q3 2014; debt issuance reached US$6.3 billion; The UAE was the most active nation accounting for 45% of the debt issuance activity.
date:Posted: October 21, 2014
UAE. CIOs are faced with balancing the needs of workers to be more mobile and have more choice with the needs of the enterprise to protect its data regardless of the delivery channel.
UAE. Middle East investment banking fees reached US$138.2 million during Q3 2014; debt issuance reached US$6.3 billion; The UAE was the most active nation accounting for 45% of the debt issuance activity.
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