2008 News
May
Top Rating for Seef Properties Shares
Gulf Daily News
28 May, 2008
MANAMA: Seef Properties shares have huge appreciation value, says a report by Securities & Investment Company (SICO).
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Twin Property Exhibitions Open
Gulf Daily News
28 May, 2008
More than 6,500 visitors are expected to attend twin exhibitions, Property Arabia and The Worldwide Property Show, which open at the Bahrain International Exhibition Centre today.
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A BD30 million Landmark
Gulf Weekly
28 May, 2008
BFB TOWER, a high-profile BD30 million commercial tower in Seef District, is now open for freehold sales through Landmark Bahrain.
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Bahrain Islamic Finance Capital
Gulf Daily News
28 May, 2008
MANAMA: Bahrain has clearly established itself as the capital of Islamic finance industry, according to the organiser of the Fourth World Islamic Funds and Capital Markets Conference.
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Capital Gains
Gulf Weekly
28 May, 2008
IN the past three years the property market in Bahrain has witnessed a frenzy of development and investor activity.
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Beirut Real Estate: Really Expensive
Market Place
27 May, 2008
Despite serious fighting, some real estate in west Beirut is becoming even more valuable. Ben Gilbert takes a stroll with a broker through a formerly war-torn neighborhood and assesses the costs.
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Marina West Platinum Sponsor at Property Arabia 2008
Al Bawaba
27 May, 2008
Marina West, Bahrain's first gated beachfront residential and lifestyle community located in tranquil and idyllic surroundings of the Kingdom's west coast, is to be the Platinum Sponsor of the forthcoming Middle East International Property & Investment Exhibition “ Property Arabia 2008 ” , which will be held from 28th to 31st May 2008 at Bahrain International Convention Centre. Marina West will also be exhibiting at the exhibition to showcase the Marina West development.
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Daman Commissions Emirati and Middle Eastern Art for ‘The Buildings’ Project in DIFC
Al Bawaba
24 May, 2008
Dubai: Daman Investments today announced that it has commissioned Emirati and Middle Eastern artists to create a significant number of artworks for its prestigious ‘The Buildings by Daman’ project at the Dubai International Financial Centre (DIFC).
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Amlak's Advance
ArabianBusiness.com
24 May, 2008
Amlak was the first mortgage company to benefit from the real estate boom triggered by the introduction of foreign ownership rights in Dubai in 2002. Six years on, amid a global mortgage meltdown, CEO Arif Alharmi explains to Arabian Business why the company expects revenues to rise 70% this year.
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Certificates of Housing Units for (100) Citizen in Zawyia2008-05-24
Ljbc.net
24 May, 2008
Within pattern of "Libya Tomorrow" project and national housing loaning program the celebration of allocation and distribution of certificates of housing units for (100) citizen occurred in Zawyia yesterday.
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A Passion for Morocco
Easier.com
24 May, 2008
Long before the King of Morocco ratified the Vision 2010 national development plan to help diversify the economy and bring foreign investment, Morocco was a popular destination for international film producers.
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Qatar, Syria to Construct $100m Company
MENAFN.com
24 May, 2008
(MENAFN) Qatar and Syria are expected to establish a joint company and have allocated a total $100 million to invest in financial and real estate projects in Syria, The Peninsula reported.
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Palestinian PM: $1.4 billion in Investments Raised
Associated Press
24 May, 2008
BETHLEHEM, West Bank (AP) — A business conference helped raise $1.4 billion in investments for projects aimed at bolstering Palestinians' battered economy, the Palestinian prime minister said Friday.
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Pegasus Real Estate Signs Up for BIPEX
Gulf Daily News
23 May, 2008
MANAMA: Bahrain's Pegasus Real Estate Company has signed on to take part in BIPEX 2008, the country's premier property show.
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Firm Has New Approach to Real Estate Development
Gulf Daily News
23 May, 2008
MANAMA: Manara Developments has been launched with a new approach to real estate development. The company, which started operations in March, has around six to seven projects ranging from light industrial to residential and mixed use.
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Skyrocketing Building Costs Hit Consumers
Gulf Daily News
23 May, 2008
SKYROCKETING building costs in Bahrain, at the centre of the "world's most concentrated construction boom", will mainly hurt consumers already hit by rising living expenses, it was claimed yesterday.
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Gulf's Big North Africa Deals Slow to Get Off The Ground
Gulf News
23 May, 2008
Tunis/Rabat: Years after Gulf Arab investors promised multi-billion dollar investments in North Africa, early optimism is now tinged with unease as headline projects struggle to get off the ground.
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Gulf Real Estate Firms to Implement $1.7 bln Projects in Yemen
Saba Net
23 May, 2008
SANA'A, May 23 (Saba)- Yemen and Gulf firms are currently preparing to set up four real estate companies for implementing a number of $1.7 billion projects during the coming months.
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Property Investment Recommended for Morocco as Capital Growth is Set to Soar.
Live-PR
23 May, 2008
According to the property analyst Fouad Akalay, many foreign buyers could collect good returns in the North African country.
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Investors Advised to Consider Moroccan Market
Propetyshowrooms.com
22 May, 2008
Overseas property investors have been advised to enter the Moroccan market sooner rather than later.
According to property expert Fouad Akalay, the north African country is currently enjoying considerable growth in its tourism industry.
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Platinum Tower financing Deal Signed
Gulf Daily News
22 May, 2008
MANAMA: Pearl Real Estate Development Company has entered into an end-user financing agreement with Reef - Real Estate Finance Company for its second major project, Platinum Tower.
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Qatar to Build Palestinian Community
ArabianBusiness.com
22 May, 2008
Qatar Investment Authority’ real estate arm Qatari Diar will construct a $350 million community between Ramallah and Nablus on the Palestinian West Bank.
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GCC's Steps to Curb Inflation Unorthodox, Say Economists
Khaleej Times
22 May, 2008
DUBAI—The GCC countries continue to avoid addressing soaring inflation via the key source — the dollar pegs — as they try to buy time in expectation of a comeback of the greenback or a turnaround in US Fed policy, leading economic analysts said.
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Record Inflation to Increase Throughout Gulf
ArabianBusiness.com
22 May, 2008
Inflation across the GCC is set to rise further in the absence of effective policy tools to prevent it, although potential credit ramifications are outweighed by the impact of continued high oil prices on public finances and sovereign balance sheets, Fitch Ratings said on Wednesday.
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Saudi-led Group to Build Palestinian Mall Complex
Reuters
22 May, 2008
BETHLEHEM, West Bank, May 21 (Reuters) - The Palestine Investment Fund and a Saudi-led group signed a $200 million deal on Wednesday to develop a Palestinian commercial real-estate project in the occupied West Bank.
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Mawared Wins “Best Award of Future Residential Project” at Cityscape 2008 in Abu Dhabi
Al Bawaba
21 May, 2008
The National Resources Investment and Development Corporation (MAWARED) triumphed once again to the top during Cityscape 2008, which was held between may 13 – 16 in Abu Dhabi, by receiving the international award for "Best Future Residential Project" for its first international venture, the Cap Juby project in Tarfaya, Morocco.
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Bahrain- BSE Seals Deal with Pegasus Real Estate
MENAFN.com
21 May, 2008
(MENAFN - Bahrain Tribune) The Bahrain Society of Engineers (BSE) yesterday signed an agreement with Pegasus Real Estate Company confirming the latter's participation in BIPEX 2008 to be held at the Bahrain International Convention Centre from October 23 to 25.
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Libya, UAE Establish Investment Company
Al Arab Online
21 May, 2008
An agreement was signed to establish the Libyan-Emirati Holding Company (LEHC) at a total capital of $600 million (Dh2.2 billion).
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Shares in Lebanon Real Estate Rose After Deal is Reached
Monsterandcritics.com
21 May, 2008
Beirut - Shares in Lebanese real estate market heavyweight Solidere rose Wednesday shortly after Lebanon's political rivals announced a deal to end political deadlock in the country as well as the end of the sit-in led by the opposition Islamist group Hezbollah in downtown Beirut.
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Big Gulf Projects in N.Africa Slow to Get Off Ground
Reuters
21 May, 2008
TUNIS/RABAT (Reuters) - Years after Gulf Arab investors promised multi-billion dollar investments in North Africa, early optimism is now tinged with unease as headline projects struggle to get off the ground.
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MSN Arabia and Propertyfinder.ae Combine Forces in Major Signing
AME Info
21 May, 2008
The UAE’s most popular real estate web portal, propertyfinder.ae announced its signing of an alliance with MSN Arabia, the number one network in the region attracting more than 10 million unique users per month.
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Darkom Signs an Agreement with Capital Bank
Al Bawaba
21 May, 2008
Darkom, Jordan’s first housing loan insurance company, has signed an agreement with Capital Bank, one of Jordan’s leading private commercial banks, on May 19, 2008 at Darkom’s headquarters, to facilitate housing loan finance to bank clients and all segments of society.
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Century Homes Wooing Buyers
Gulf Weekly
21 May, 2008
CENTURY HOMES, one of Bahrain's leading real estate companies, says demand for two of the kingdom's most prestigious developments Landmark Cityview and Marina Reef (Reef Island) have attracted incredible interest from buyers and investors.
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Amlak Chairman at World Economic Forum
AME Info
21 May, 2008
The greatest challenge facing the Gulf states is developing the human capital necessary to sustain the long-term growth and economic development of the region, according to the Chairman of Amlak Finance, the leading real estate financier in the Middle East.
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Kohn Pedersen Fox Associates Earns Prestigious Middle East Real Estate Award for Design of Abu Dhabi Investment Authority
AME Info
21 May, 2008
The Abu Dhabi Investment Authority’s new corporate headquarters was cited as the 'Best Commercial/Office” building at last week’s Cityscape Middle East Real Estate Awards 2008 in Abu Dhabi, which celebrate excellence in real estate development and investment in the Middle East and North Africa.
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Emaar to Enter Affordable Realty Segment in the Middle East
Gowealthy.com
21 May, 2008
Emaar Properties, a leading real estate developer in the UAE, announced its intention to enter low-cost housing unit to widen its reach into affordable housing for the region's impoverished.
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Emaar Reveals Social Housing Drive
ArabianBusiness.com
21 May, 2008
Dubai developer Emaar Properties plans to launch a social housing unit in a bid to cater to the region's low-income residents, its chairman has said.
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Shares in Lebanon Real Estate Rose After Deal is Reached
Monsterandcritics.com
21 May, 2008
Beirut - Shares in Lebanese real estate market heavyweight Solidere rose Wednesday shortly after Lebanon's political rivals announced a deal to end political deadlock in the country as well as the end of the sit-in led by the opposition Islamist group Hezbollah in downtown Beirut.
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Emaar Hospitality Group Plans to Enter Timeshare Market
ArabianBusiness.com
20 May, 2008
Emaar Hospitality Group LLC, a business subsidiary of Emaar Properties PJSC, announces plans to enter to the timeshare market, led by the growing demand from tourists for spacious and personalised luxury accommodation in the city.
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Saraya Welcomes Visitors at PropertyLink 08
AME Info
20 May, 2008
During PropertyLink 2008, Saraya – a real estate development and asset management company investing in the travel and tourism industry, welcomed high ranking officials, dignitaries, guests and interested visitors to their stand.
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DAMAC Appoints Arabtec as Main Contactor For a Realty Project in Jordan
Gowealthy.com
20 May, 2008
DAMAC Properties, a leading private master developer in the UAE, has appointed Arabtec/EEC JV Construction as main contractor for its "Business Heights" real estate project, located in the heart of Amman within the Abdali area. This collaboration between both parties was further solidified by a joint signing of a JD 10,241,999.00 contracts.
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Gulf Nations Use Lessons From First Oil Boom But Have More Work To Do
International Herald Tribune
20 May, 2008
SHARM EL SHEIK, Egypt: Gulf countries swimming in oil wealth are using the money to build huge industrial cities and gleaming financial centers to sustain them when the wells run dry.
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Palestinians bid for Cash With Investor Conference
Reuters
20 May, 2008
BETHLEHEM, West Bank, May 20 (Reuters) - Mazen Sinokrot wants foreigners invited by the Palestinian government to an investor conference this week to get the right idea -- so he'll be publicly taking delivery of $12 million in business funding.
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Saraya Welcomes Visitors at PropertyLink 08
ArabianBusiness
19 May, 2008
During PropertyLink 2008, Saraya - a real estate development and asset management company investing in the travel and tourism industry, welcomed high ranking officials, dignitaries, guests and interested visitors to their stand.
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GCC Investing US$18 billion in New Steel Plants
ArabianBusiness.com
19 May, 2008
Race to close the gap in supply and demand means big business opportunities, say organisers of region's leading manufacturing exhibition.
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Property Site Names Brazil, U.S. and Canada Top Investment Spots
International Herald Tribune
19 May, 2008
OK, here’s another one of those lists. This one, issued by Propertyshowrooms.com, the real estate investment site, aspires to identify “the most outstanding property hotspots across the world, in terms of investment returns on real estate.”
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Al Qudra and Sorouh to Expand Global Portfolios
Emirates Business 24/7
19 May, 2008
Two key players in Abu Dhabi's real estate sector have promised new multi-billion dirham local projects and more investment abroad to expand their international portfolios.
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Region's Banks Grow Strong on the Back of Positive Drivers
Emirates Business 24/7
19 May, 2008
Banks in the Gulf have generally fared quite well, benefitting from a much stronger set of economic drivers than their United States and European counterparts.
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'We Plan to Build 20 Holiday Inn Express Hotels in 3-4 Years'
Emirates Business 24/ 7
19 May, 2008
With the first Holiday Inn Express operating successfully at the Internet City in Dubai, Ishraq Gulf Real Estate Holding, the controlling company, has massive plans to take the brand across the region.
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Rents Rise Shock for Families
Gulf Daily News
19 May, 2008
HUNDREDS of families are furious after learning their rents are being raised by as much as 65 per cent. They are all tenants living in Saar and Budaiya properties owned by one of Bahrain's major developers, the Fahad bin Abdul Rehman Algosaibi Company.
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Asian Investors Pump $2,5 bln into UAE Property Market
Financial Mirror
18 May, 2008
Asian investors have shelled out AED 9 bln (USD 2,45 bln) in real estate investments into the UAE from March 2007 to the early months of 2008, according to recent market studies. Driven by the huge potential of marketing its developments to Asian-based investors, Bonyan International Investment Group has participated at the recently concluded Cityscape Asia 2008, where it showcased its AED 3.5 bln (USD 954 mln) project portfolio.
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BTAT Bags “Best Real Estate Implementation" at Network Middle East Innovation Awards
ArabianBusiness.com
18 May, 2008
BT Applied Technology received the "Best Real Estate Implementation" award at the Network Middle East (NME) Innovation Awards 2008 held on May 13th at Mina Salam Hotel in Dubai.
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Inflation Driving up Rents in Bahrain Say Experts
Gulf Daily News
17 May, 2008
INFLATIONARY pressures, spiralling costs of building materials and surging population figures are all conspiring to drive up Bahrain's rents, according to real estate experts.
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SIC Reports Excellent Sales Across the GCC
AME Info
17 May, 2008
SNASCO, the master developer behind the much anticipated Sharjah Investment Centre (SIC), held discussions with Top Real Estate, one of the region’s leading property sales agencies, whilst participating in the Cityscape Abu Dhabi exhibition, which took place at the Abu Dhabi National Exhibition Centre this week.
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Lebanon's Solidere Up 12% After Crisis Eases
Gulfnews.com
16 May, 2008
Beirut: Shares in Lebanese real estate market heavyweight Solidere surged 12 per cent on Friday, a day after the country's worst political crisis since the 1975-90 civil war eased.
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The Views, a Moroccan Alternative to Saturated Spain
Nubricks.com
14 May, 2008
Aside from the six Plan Azur coastal resorts, the Moroccan Government has various other Action Plans on the go throughout the country, Tamuda Bay being one of them.
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Now Palestinians Plan Own 'Settlement' on West Bank
News.scotsman.com
14 May, 2008
AFTER four decades of Jewish settlement that has altered the West Bank beyond recognition, Palestinians are finally poised to make their own addition to the occupied territory's map.
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Plus Properties Unveils AED 300 Million Blue Dolphin Center at Cityscape Abu Dhabi 2008
Al Bawaba
14 May, 2008
Plus Properties, an upcoming real estate developer in the Middle East, has unveiled an AED 300 million worth landmark commercial project to be located in Abu Dhabi, the capital city of the UAE. Within less than a year since the company’s inception, its portfolio of prestigious projects is now worth over AED 4.16 billion.
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Tamweel CEO: Thriving Business, Rising Population to Fuel Region’s Real Estate Market For Next Three Years
Al Bawaba
13 May, 2008
• Demand for residential units to exceed 96 thousand units in next 4 years
• Tamweel announces exclusive financing for Manazel’s mega project: Building Material City
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$22bn Construction Projects On Way
Gulf Daily News
13 May, 2008
A WHOPPING $22 billion (BD8.3bn) worth of construction projects are planned for Bahrain in the coming months, it was revealed yesterday.
Former Bahrain Society of Engineers (BSE) president Mohammed Khalil Al Sayed said this was in addition to the $7bn (BD2.6bn) worth of similar projects already ongoing.
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Realty Majors to Take Part in BIPEX 2008 in Bahrain
MENAFN.com
13 May, 2008
MENAFN - Bahrain Tribune) The Kingdom's premier international property exhibition, Bahrain International Property Exhibition 2008 (BIPEX 2008) returns for the fifth consecutive year this October bringing in the biggest of real estate players from the region and beyond.
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Rasmala Summary of Middle East Market Overview
Al Bawaba
12 May, 2008
After a dismal first quarter, April provided respite to equity market participants, with a global recovery in share prices. The MENA equity markets performed better than global peers, with a more than 8% gain for the month and only Morocco ending in the red.
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Real Estate Boom To Continue In The Gulf, Says Expert
Bahrain News Agency
12 May, 2008
MANAMA, MAY. 12 (BNA) -- A BAHRAINI EXPERT HAS PREDICTED THAT THE REAL ESTATE BOOM IN THE GULF REGION WOULD CONTINUE FOR THE NEXT 8 YEARS, NOTING THAT THE SIZE OF REAL STATE PROJECTS UNDERWAY IN THE REGION HAS AMOUNTED TO NEARLY 190 BILLION DOLLARS WHILE THE COST OF THE PLANNED PROJECTS FOR THE NEXT YEARS ARE ABOUT 900 BILLION DOLLARS.
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Buy Abroad ..Rent in Britain
SundayMirror.co.uk
11 May, 2008
First-time buyers are turning their back on Britain’s housing market and getting their foot on the property ladder by buying abroad.
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Intercontinental Hotels Group (IHG) Signs Agreement to Develop Its First Property in Syria With the M.A Kharafi Group
Al Bawaba
11 May, 2008
InterContinental Hotels Group (IHG) has signed an exclusive agreement with MAK Hotel Holdings, a member of the M.A. Kharafi Group of Kuwait, to develop an InterContinental Hotel in the Syrian capital.
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Property Ownership in GCC Not Enough for Economic Integration
Arab Times
11 May, 2008
KUWAIT (KUNA): The six-year accord among member states of the Gulf Cooperation Council (GCC), allowing Gulf citizens to own properties in any of these countries, constitutes an insufficient step on path of full-scale economic integration.
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Cityscape to Honour Excellence in Mid East Real Estate
AME Info
10 May, 2008
In line with all quality brand traditions, Cityscape Abu Dhabi will present the Cityscape Middle East Real Estate Awards 2008, which will celebrate excellence in real estate development and investment throughout the Middle East and North Africa region by rewarding industry professionals for their outstanding achievements.
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Algeria Attracts $8 bln in Arab FDIs in 2001-2007
China View
09 May, 2008
ALGIERS, May 8 (Xinhua) -- Direct investment by Arab countries in Algeria reached 524 billion dinars (8 billion U.S. dollars) in 2001-2007, accounting for 60 percent of the country's foreign direct investment, Algerian Industry and Investment Promotion Minister Hamid Temmar said Thursday.
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Real Estate Boom in Morocco Attracts Foreign Investment
Macau Daily Times
08 May, 2008
Foreign investments in real estate in Morocco reached 7 billion Moroccan Dirhams (0.91 billion U.S. dollars) last year, up from 245 million dollars in 2002, state MAP news agency reported.
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Abaad Real Estate to Develop Binan Saar Villas
AME Info
08 May, 2008
Abaad, a Bahraini real estate investment firm, unveiled its first development project “Binan Saar” the 57 residential units in Saar, one of the most luxurious areas in the Kingdom of Bahrain, with a total cost of $45m.
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Shamil Plans Roadshow
Gulf Daily News
08 May, 2008
MANAMA: Shamil Bank has announced a GCC roadshow to promote a new 150 million euros ($231m) Sharia-compliant fund, which takes an equal exposure on developmental and income generating real estate assets in Central and Eastern Europe.
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Riffa Views Vows on Time Delivery- Bahrain
MENAFN.com
08 May, 2008
(MENAFN - Bahrain Tribune) The Kingdom's first golf residential development, Riffa Views was on track for completion notwithstanding the shortage in supply of basic building material, the Riffa Views CEO, Richard Browning affirmed yesterday.
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GCC Investors Ease Off UK Pommercial Properties
Emirates Business 24/7
07 May, 2008
Purchases of commercial property in the United Kingdom by Middle Eastern investors have dropped almost 50 per cent to £1.1 billion (Dh7.8bn) in 2007 from £2.1bn in 2005, according to a leading London-based property consultancy.
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From Dubai to Doha
AlJazeera.com
07 May, 2008
DUBAI - There is a rich history of trading in Dubai that stretches back to the 1850s. And it is this mindset which is at the heart of the Emirate's business plan for the next quarter century.
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Juffair Condominium Project is Gaining Ground
Gulf Weekly
07 May, 2008
Many property investors are flocking to the Juffair area to check out the selection of impressive residential towers and The Orchid Tower Condominium is one project that seems to be gaining a lot of attention.
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Mideast Investors Still Keen on Malaysia
Biz.thastar.com
07 May, 2008
TO many foreign investors, Malaysians are just too preoccupied with politics. Almost two months after the general election, we are still not settled down. That’s bad for business, of course.
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BurJuman Announces Retail Management Consultancy Plans at Arabian Travel Market 2008
ArabianBusiness.com
07 May, 2008
Luxury shopping destination to provide comprehensive development programs for upcoming retail district at Dubai World Central.
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Algeria Ranks 125 for Investments Environment Improvement
El Khabar Newspaper
07 May, 2008
The business environment in Algeria, still unchanged, said a report released by the World Bank, assessing the business and investment environment.
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Juffair Condominium Project is Gaining Ground
Gulf Weekly
07 May, 2008
Many property investors are flocking to the Juffair area to check out the selection of impressive residential towers and The Orchid Tower Condominium is one project that seems to be gaining a lot of attention.
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Experts Identify Next Growth Phase at the WIFCMC 2008 in Bahrain
MENAFN.com
06 May, 2008
(MENAFN Press) WIFCMC 2008 is set to achieve a new record-breaking attendance, having already secured the support of a record five Platinum Partners for the first time.
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Tamuda Bay 'Is Spot on For Success'
Holidaylettings.co.uk
06 May, 2008
The resort of Tamuda Bay in Morocco offers property investors an attractive alternative to the crowded Spanish market, it has been claimed.
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Tunisia Okays $5bn Bukhatir Real Estate Project
Trade Arabia
06 May, 2008
Tunisia parliament has approved a draft law paving the way for a $5 billion real estate project in the capital, Tunis, the official news agency Tap said on Tuesday.
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Research Firm Assails Rent Control in Middle East
Openpr.com
06 May, 2008
(openPR) - Rent control, seen by many economists as old-fashioned, has recently made a surprising comeback in one group of high-growth, dynamic economies – the Gulf.
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NAI Global Report on Middle East Paints Optimistic Picture
CPNonline.com
06 May, 2008
War? What war? Violence? What violence?
Those words literally don’t appear in “Stuck (Happily) in the Middle (East) with… Money!” a new report from NAI Global, which suggests that diversifying economies and rapid growth are well on their way to transforming the region from its energy-only past into a future with a more solidly based prosperity.
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Durrat Al Bahrain Exhibits at Leading Saudi Property Exhibition
Al Bawaba
06 May, 2008
Durrat Al Bahrain, the Kingdom’s largest planned luxury residential, commercial and tourist resort development, announced today that it will be exhibiting at the eleventh RestaTexExpo to be held in Riyadh from 4 to 8 May.
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GulfBID 2008 Opens Amid Construction Sector Boom
Gulf Daily News
06 May, 2008
MANAMA: gulfBID 2008 opens today at the Bahrain International Exhibition Centre at a time when construction is booming across the region.
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Oman: Arabian Gulf Gate to Develop OMR 44 million ‘Ryad Al Sawadi’ Project
Al Bawaba
06 May, 2008
Arabian Gulf Gate (AGG), an Oman-based property developer, has announced its plans to develop ‘Ryad Al Sawadi’, an OMR 44 million (AED 420 million) project, located in the coastal plains of Barkaa state in Oman, which is expected to attract more regional and global investors to acquire high quality but competitively-priced properties in the country.
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Agreement on Avoidance of Double Taxation of Property, Incomes
Trend Capital
05 May, 2008
Azerbaijan, Baku, 5 May /Trend News corr Y. Huseynov/ Jordan’s King Abdullah II is visiting Azerbaijan. On 5 May, Azerbaijani President Ilham Aliyev and King Abdullah II held a one-to-one meeting involving a wide format during which they discussed the successful development of bilateral relations in different fields and the great opportunities in which to expand relations. The participants exchanged their views regarding bilateral relations in regional and international issues.
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Gulf Inflation 'To Surge Past 9pc'
Gulf Daily News
05 May, 2008
DUBAI: Inflation in Gulf countries will probably increase to at least nine per cent this year as rents and global commodity prices surge and falling interest rates spur lending, a poll showed.
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Gulf Economies.. How to Spend It
Economist.com
05 May, 2008
A region awash with oil money has one or two clouds on the horizon.
THE Gulf is full of loud architectural statements—towers that reach over 600 metres into the sky, hotels that will be suspended under the sea.
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Persian Gulf Shares Rise, Led by Emaar, Barwa Real Estate
Bloomberg.com
05 May, 2008
May 4 (Bloomberg) -- Persian Gulf shares advanced, sending benchmark indexes in Dubai and Qatar higher for a second day, on speculation lower interest rates will increase earnings and boost the attractiveness of stocks.
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Tower Deal Signed
Gulf Daily News
05 May, 2008
MANAMA: A BD500,000 ($1.3 million) piling contract was signed yesterday for the construction of the 35-storey BFB Tower in Seef.
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The Land Jordan Demonstrates Its Project Accomplishments in King Abdullah Bin Abdul Aziz City
Al Bawaba
04 May, 2008
The Land Jordan, a leading investment and real estate developer and a member of The Land Holding, hosted a number of officials and members of the press, headed by the Governor of Zarqa Governorate H.E Mr. Ahmad Al-Sheyyab and Director General of the National Resources Investment & Development Corporation 'Mawared' Eng. Akram Abu Hamdan, in an inclusive tour to view the progress and latest achievements in the company’s development in King Abdullah bin Abdul Aziz City (previously known as Madinat Al-Sharq).
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Middle East Steel Industry Set for Dramatic Growth
AME Info
04 May, 2008
MEED, the Middle East's premier business intelligence service, today launched an in-depth report on Middle East Steel 2008 which forecasts dramatic growth for the industry in the region.
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Expat Deman Fuels Lebanese Property Boom
Gulfnews.com
4 May, 2008
Beirut : Expatriate demand is fuelling a boom in Lebanon's real estate market, which remains resilient despite political instability and lack of appetite from Gulf investors, a leading property consultant said on Saturday.
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Banks Warned on Exposure to Real Estate
Gulf Times
4 May, 2008
GULF banks must limit their exposure to the property sector as there is considerable chance for a real estate slowdown, a leading banker has warned.
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Sub-prime Crisis Holding Up Securitisation in Region
Emirates Business 24/7
4 May, 2008
Middle East banks have stayed relatively free from sub-prime write-offs as the credit crunch has rolled out around the world. But the financial crisis is making its presence felt in holding up securitisation in the region with the widening of spreads leading to the postponement of corporate sukuks and mortgage-backed securities.
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Arab Economic Forum Puts Forth Concerns
Iraq News
3 May, 2008
Arab Economic Forum diplayed major headlines and put forth several economic concerns in Arab countries
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High Living Costs Driving Expats Out of Gulf, says Market Research
Emirates Business 24/7
3 May, 2008
Gareth Hitchings is planning his return to the United Kingdom, Filipino Josielynne Antes last month filed her papers to move to Canada, and India’s Benny Phillip is waiting for a decision from Australian immigration.
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No End in Sight to the Boom
ArabianBusiness.com
03 May, 2008
If you've been following the media recently, you might think that the regional real estate industry is facing testing times.
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Mawteen Acquires Platinum Space
Gulf Daily News
01 May, 2008
MANAMA: Mawten Investment & Properties Development, the flagship company of Mawten Holding, has acquired the entire 22nd floor of Platinum Towers at Seef.
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Investors 'can make money in Morocco'
Ready2invest.co.uk
May 2008
Agadir on the Moroccan coast could be a lucrative market for those looking for property investments or an overseas investment, according to The Daily Telegraph.
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