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
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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: January 31, 2015
QATAR. In the end, monetary policy can be powerful in the short-term but is unlikely to change the long-term predicament of the Euro Area. The ECB may succeed in preventing prolonged deflation from taking hold, but this is a not a sufficient condition for sustainable growth.
date:Posted: January 30, 2015
INTERNATIONAL. Western politicians wishing to see a genuine resolution of Iran's nuclear crisis must continue with diplomatic efforts to isolate those among the Iranian rulers who wish for the collapse of the negotiations.
date:Posted: January 30, 2015
SAUDI ARABIA. Often businesses will seek to explore the market through a partner or a third party with which employees are placed and through which they seek to operate in the Kingdom.
QATAR. In the end, monetary policy can be powerful in the short-term but is unlikely to change the long-term predicament of the Euro Area. The ECB may succeed in preventing prolonged deflation from taking hold, but this is a not a sufficient condition for sustainable growth.
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