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Emaar's Indian Subsidiary Suffers Rs2B Loss

2011-07-06 11:11:24 (читать в оригинале)

Emaar Properties' Indian subsidiary made a net loss of Rs2.05 billion (Dh170.4 million) in the first quarter of this year, the company said.

BMI: UAE Water Report (Jun-11)

2011-07-06 10:52:00 (читать в оригинале)

BMI View: With stronger demand reasserting itself as the effects of the UAE?s sharp economic downturnfrom 2008 to 2010 recede, the authorities are having to work hard to ensure that future generations ofemiratis receive the same access to water as previous generations. On the upside, both the Abu DhabiWater and Electricity Authority (ADWEA) and the Dubai Electricity and Water Authority (DEWA) areserious about the challenge facing them and are able to attract private developers to undertake majordesalination projects under existing and planned independent water and power projects(IWPPs).Consequently, BMI is confident that access to private financing will allow the UAE to increasedesalination capacity. We believe there will be a 7% increase in production capacity this year ? and mostpromisingly of all ? a feasibility study handed to Japan?s Hitachi in Q211, to look at the possibility ofusing treated sewage water to recharge underground aquifers, suggests that the authorities are morethan willing to implement innovative solutions to increase water capacity.Key themes to highlight for UAE?s water sector:? Both of the major UAE?s water utilities are in the midst of major water capacity expansionprogrammes. However, in light of some questions about ADWEA and DEWA?s ability to keepto agreed schedules, we have revised down some of our forecasts for production to 2015. Wenow see the UAE?s total water produced reaching 283,421mn gallons in 2011, against ouroriginal forecast of in excess of 300,000mn gallons.?? Current water desalination capacity in Abu Dhabi stands at around 730mn barrels per day (b/d).By end-2011, ADWEA is on course to develop more than 800mn gallons per day (g/d) ofdesalination capacity via its IWPPs.?? In Q2 2011, the Abu Dhabi Sewerage Services Company (ADSSC) issued a tender for proposalsto operate the emirate?s wastewater facilities, with an end-July 2011 deadline for firms to submittheir bids.?? Also in Q2

Dubai-based groups sue over Madoff link

2011-07-06 10:36:37 (читать в оригинале)

Two groups of Dubai-based investors have taken Standard Chartered bank to court in Singapore over an investment linked to notorious scammer Bernard Madoff, according to a report.

Unrest fails to benefit Dubai

2011-07-06 10:32:57 (читать в оригинале)

Unrest across other parts of the Middle East has not signalled an influx of foreign firms looking to switch base to Dubai, according to new research published by a major property consultant.

Jordan GCC membership talks to start next month

2011-07-06 10:32:00 (читать в оригинале)

Jordan is expected to start talks with the Gulf Cooperation Council (GCC) over its bid to join the organisation during the first half of Ramadan (August), the government said on Tuesday.


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