Tuesday, June 30, 2009

Emaar, Dubai Holding merger finalised 'by October' and other new stories from AME Info

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What's new at AME Info                30th June 2009
  
Emaar, Dubai Holding merger finalised 'by October'

Emaar, the UAE, and the region's, largest construction company, announced in a statement that it was in 'advanced discussions' regarding a potential merger with Dubai Holdings real estate firms Dubai Properties, Sama Dubai, and Tatweer. The company said that it expected that the consolidation process could be finalised within the next four months.

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Managed services attract CIO attention as financial crisis bites

In our interview with Lionel Reina, VP for Eastern Europe, ME & Africa, Orange Business Services, he looks at the gradual move towards managed services in this region and why companies are taking the plunge. He also tells AME Info about the network business opportunities post financial crisis in the small to medium sector.

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Abu Dhabi finance provider ups coverage as prices settle

Abu Dhabi Finance (ADF) is targeting a greater market share of the home finance sector in the UAE capital, as commercial banks increase their push for custom given the relative lack of mortgage offerings from government-backed providers, amid signs that prices may be finding a natural floor.

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Fairmont forges ahead amidst 'perfect storm'

The head of Fairmont Hotels in the Middle East says hotels in Dubai will eventually recover from the economic meltdown, but it is unlikely they will enjoy the same level of growth that that they witnessed prior to the recession.


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Q1 revenue rise for Ras al Khaimah Free Trade Zone

A 16% increase in revenue during Q1 2009 for the Ras al Khaimah Free Trade Zone is a significant growth in these challenging times. Oussama El Omari, CEO & DG, RAK FTZ talks to AME Info on the results, companies trading in the zone and its strategy to continue that growth.


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