Tag Archives: Aabar

Won’t Get Fooled Again

HH Sheikh Mohammed bin Rashid Al Maktoum has approved Dubai government’s 2015 budget that plans for 2,530 new jobs for Emiratis. With a forecast US$ 981 million surplus, this will be the first deficit free one since the GFC. The US$ … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , , , | Leave a comment

Life On Mars

Following Emirates’ announcement earlier in the month, confirming its order for 150 Boeing 777X aircraft, the airline has signed a 12-year, US$ 13 billion maintenance and repair agreement with GE for the 300 GE9X engines that it ordered last November, … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , | Leave a comment

Do You Wanna Know A Secret?

You cannot keep Arabtec out of the news! The Dubai-based builder, with strong Abu Dhabi-backing, is planning to establish five new subsidiaries, four of which will concentrate on new infrastructure and utility projects within the region and further afield whilst … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Here We Go Again!

The big news story of the week came from Arabtec as it announced that the Abu Dhabi state fund Aabar (a 22% shareholder in the Dubai-based builder) had awarded the company a massive US$ 6.1 billion contract for 28 buildings … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Should I Stay or Should I Go?

According to UK press reports,the 80-floor Dubai Dynamic Tower, designed by Florentine architect David Fisher, is estimated to cost US$ 545 million and could be ready within two years. Its unique selling point is that each individual floor will rotate … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , | Leave a comment

All Shook Up

Emaar’s latest foray into the property market comes days after the release of 188 townhouses in their Mira development which brought chaos and pandemonium to Dubai’s streets, with thousands of unhappy prospective buyers on the rampage to purchase a villa. … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , , , , , | Leave a comment