Saturday, September 20, 2008

Judge approves $1.3bn Lehman deal

Judge approves $1.3bn Lehman deal

September 20th, 2008 admin Posted in Business No Comments »

http://images.businessweek.com/ss/06/09/bestplacestowork/image/22.jpg A New York bankruptcy judge has backed a $1.3bn (£700m) plan for Barclays to buy the core business of collapsed US investment bank Lehman Brothers.

The deal gives the UK bank ownership of Lehman’s Manhattan skyscraper - worth nearly $1bn - as well as responsibility for some 9,000 former staff.

Lawyers for what was the fourth biggest US investment bank said they were confident many jobs would be safe.

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Alitalia airline cancels flights

Alitalia airline cancels flights

September 20th, 2008 admin Posted in Business No Comments »

Alitalia planes Alitalia has cancelled a number of flights from Rome’s Fiumicino airport, increasing fears that the carrier may soon go into liquidation.

The airline confirmed that a number of flights have been canceled, but denied it had run out of aviation fuel.

On Thursday, a consortium withdrew a rescue offer for Alitalia due to opposition from trade unions.

Alitalia, which filed for bankruptcy protection last month, has warned it is low on cash to buy more fuel.

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US debt rescue plan takes shape

US debt rescue plan takes shape

September 20th, 2008 admin Posted in Business No Comments »

New York Stock Exchange trader (19/09/08) Details are emerging of an emergency plan by the US government to tackle one of the worst crises to hit the world’s financial markets in decades.

The US Treasury is proposing a fund worth up to $800bn (£440bn) to buy back a large proportion of the bad debt in the US mortgage market, reports say.

President George W Bush hailed the move as "unprecedented action" in the face of "unprecedented challenges".

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Energy Savings Tips

Energy Savings Tips

August 28th, 2008 admin Posted in Eco-Friendly No Comments »

There are many ways in which you can use energy more efficiently and save money at the same time. EDF Energy have put together the following energy saving tips that will help you reduce your fuel bills at little or no cost.

TIPS AT NO COST

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Getting a good night sleep

Getting a good night sleep

August 29th, 2008 admin Posted in Interior & Decoration, Safety & Health No Comments »

If you haven’t given the quality of your bed a second thought recently, the UK’s Sleep Council would suggest that you do. A mattress has a shelf life of seven-to-ten years and if you’re suffering disturbed sleep, waking up un-refreshed or with aches and pains, or if your mattress shows signs of wear and tear, chances are it’s time to change yours.
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Bathrooms beyond bliss

Bathrooms beyond bliss

August 29th, 2008 admin Posted in Interior & Decoration No Comments »

Gone are the days when bathrooms were simply a functional necessity. Today our bathrooms are personal havens’ the one place where we can totally relax. In fact they are now so important to us that, when it comes to moving home, it is often the bathroom that clinches the sale.
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Candles: Fantastic Decor of your Home

Candles: Fantastic Decor of your Home

August 29th, 2008 admin Posted in Interior & Decoration No Comments »

Candle when burns bring out a feeling of peace and harmony. Therefore it is necessary that you spread the message of peace and harmony among your dear ones. Unity gift candles can be personalized and one of the best ways to express your love for your beloved ones is by giving gifts. Different gifts signify different things to different people. One of the best things to gift someone is by giving the person a Unity gift candles. You can gift a Unity gift candles to communicate different feelings. You can use it as a Valentine candle gift unique candle Gift basket, Yankee candle gift or may be a wedding candle gift basket. That is, you can choose the design, candle color and even ink color.

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Bunk Beds & Safety

Bunk Beds & Safety

August 29th, 2008 admin Posted in Interior & Decoration, Safety & Health No Comments »

There was nothing more exciting growing up than to have a sleepover at a friend’s house who had bunk beds. Was there anything more wondrous? When you decide that bunkbeds are right for you and your family, not only will your children be delighted, but your whole family may benefit from the increased space. There’s something about creating that extra space that improves the whole function of a house. There are some important things to consider; however, when purchasing bunk beds. Most importantly, make sure you purchase a quality bunk bed from a reputable dealer. Safety should be your primary concern; your dealer will be able to explain all the safety features of the bunk beds they sell.

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Choosing the right Children’s bedroom furniture

Choosing the right Children’s bedroom furniture

August 29th, 2008 admin Posted in Interior & Decoration No Comments »

I first met the srbWorld team nearly two years ago when I was sourcing children’s bedroom furniture. I was really excited by the Cilek children’s bedroom furniture range and since then I have introduced this range to a number of my clients. Before giving you a few of my tips for designing your child’s room, I would just like to reassure you that as well as being an interior designer by profession, I’m also a mum with three children with very different design tastes. I’ve therefore lived with my designs and this has really helped me focus on just how different it is designing a child’s room to any other room in your home. Here are a few of the initial things I would recommend:

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Introduction to Commercial Property

Introduction to Commercial Property

August 29th, 2008 admin Posted in Property Advice No Comments »

Commercial property is real estate market is planned to use by for-profit businesses, like workplace complexes, shopping malls, service stations and for other restaurants. Commercial property might be purchased completely by a developer for prospect plans or leased by real estate broker. Commercial property falls anywhere between residential home and investment property.

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Is it right time to invest in real estate?

Is it right time to invest in real estate?

August 31st, 2008 admin Posted in Pakistan Real Estate News, Property Advice No Comments »

source: The Nation.

KARACHI - Most of the real estate dealers are claiming that it was the right time to make investment in the property as the prices are on the lowest and affordable side and there are strong chances of upsurge in prices at the end of this calendar year.

The real estate dealers said that the political situation is expected to improve in next two to three months that would encourage investment in this sector, leading to improvement in prices.
They said that at present the stock market was facing the worst recession and the best way to make investment was the real estate sector.

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Images of Burj Dubai - The Tallest SkyScraper

Images of Burj Dubai - The Tallest SkyScraper

September 5th, 2008 admin Posted in Dubai Images No Comments »

Touch screen placed on a stand for public use

Touch screen placed on a stand for public use by you.

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Images of Burj Al Arab

Images of Burj Al Arab

September 5th, 2008 admin Posted in Dubai Images No Comments »

Burj Al Arab Hotel - Aerial View

Burj Al Arab Hotel

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Burj Al Arab Hotel at Night

Burj Al Arab Hotel at Night

September 5th, 2008 admin Posted in Dubai Images No Comments »

Burj Al Arab Hotel at Night

Burj Al Arab Hotel at Night by you.

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Contract worth BD4.8mn awarded for residential property in Bahrain

Contract worth BD4.8mn awarded for residential property in Bahrain

September 9th, 2008 admin Posted in Middle East Real Estate No Comments »

Leading real estate investment firm in the Gulf region, Abaad, assigns a BD 4.8 million contract to Al Gana Constructions, for building Phase One of Banan Saar Villas, the 35 residential properties in one of the upmarket areas in the Kingdom of Bahrain.
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How should you make an offer for a property?

How should you make an offer for a property?

August 28th, 2008 admin Posted in Buying Advice No Comments »

Deciding on what and how to bid for a property is one of the most challenging parts of the house buying process. There is no set formula and this is a straightforward commercial negotiation, made all the more difficult because the individuals involved may have widely differing standards and business experience.

Property expert Nick Lemming gives his advice..

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Q&A: I’ve found the perfect home, what’s the next step?

Q&A: I’ve found the perfect home, what’s the next step?

August 28th, 2008 admin Posted in Buying Advice No Comments »

You might think that having an offer accepted on the right house means that the most challenging task is now over. The reality is different and you now need to make sure that, among other things, you can complete the funding and legal processes that any such purchase involves. As a guide to the next steps you should:
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UAE real estate drives home finance sector to prosperity

UAE real estate drives home finance sector to prosperity

September 4th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, UAE Real Estate No Comments »

Real estate management firm and Dubai Properties Group (DPG) subsidiary, Salwan LLC has assigned RSA Insurance, a leading global insurance group, as exclusive providers of insurance cover for Jumeirah Beach Residence (JBR) homeowners.

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Insurance cover for Jumeirah Beach Residence, Dubai, property owners

Insurance cover for Jumeirah Beach Residence, Dubai, property owners

September 4th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, UAE Real Estate No Comments »

Real estate management firm and Dubai Properties Group (DPG) subsidiary, Salwan LLC has assigned RSA Insurance, a leading global insurance group, as exclusive providers of insurance cover for Jumeirah Beach Residence (JBR) homeowners.

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Dubai-based Nakheel real estate eyes assets in US, UK and Australia

Dubai-based Nakheel real estate eyes assets in US, UK and Australia

September 7th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, International Real Estate, UAE Real Estate No Comments »

Nakheel Logo by you. Dubai’s leading and innovative real estate developer, Nakheel, said it is unveiling a $1.2 billion syndicated loan. Meanwhile, the real estate firm also eyes assets in the United States, Britain and Australia in the next 12-18 months following property price recession in these places, Company spokesman said.

Nakheel spokesman said: "The size of each tranche will be finalised after syndication, and potential financiers are invited to participate in either tranche or currency. Proceeds of the facility will be used by Nakheel for its general corporate funding needs."

The facility, to ripe on January 2011, comprises a conventional and an Islamic tranche and may be financed via dollars or dirhams, Nakheel real estate spokesman said to Dubai International Financial Exchange, where it has a listed Islamic bond.

Emaar makes real estate losses

Emaar makes real estate losses

September 7th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News No Comments »

Emaar Shares in Emaar Properties dipped to a near 3-1/2-year low, leading to losses among Dubai’s real estate firms as investors sold on fears over the sector’s health during the coming months.

"There are worries that there will be a surplus in units and apartments on offer in Dubai within the next six months," says Samer Al-Jaouni, general manager of the Middle East Financial Brokerage Co.
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Cityscape Dubai 2008 to witness global realty investors’ active participation

Cityscape Dubai 2008 to witness global realty investors’ active participation

September 9th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News No Comments »

Cityscape Dubai 2008, all set to take place from October 6-9, will showcase the potency of the UAE real estate market and it’s imperviousness to global property recession coming next month. Cityscape Dubai is also expected to break new records this year with more than 60,000 participants from over 150 countries attending the exhibition and conferences, scheduled to be held at the Dubai International Exhibition Centre.
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Shah Rukh Khan turns property developer in UAE

Shah Rukh Khan turns property developer in UAE

September 17th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, International Real Estate, UAE Real Estate No Comments »

Shah Rukh turns property developer in UAE Khan’s first project is called Shah Rukh Khan Boulevard and is located on the island of Al Dana in Ras Al Khaimah, UAE-based website masala.com reported.

Covering an area of 1,700 sq km, Ras Al Khaimah is among the five emirates that form the northern emirates of the UAE and lies along the border of Oman.

"Our inquiries have revealed that the superstar, who has been lying low since that July 17 tiff with Salman Khan, will be in Dubai to announce the project at the real estate expo City Scape (in Dubai), to be held from Oct 6 to 9," the report said.

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Steep Decline Makes UAE Market ‘Valuations Attractive’

Steep Decline Makes UAE Market ‘Valuations Attractive’

September 17th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, International Real Estate, UAE Real Estate No Comments »

Dubai — The steep decline on UAE bourses, which resulted in total losses of Dh162.3 billion so far this year to investors, has brought valuations of many companies to attractive levels, analysts at Global Investment House said.

“UAE markets, which turned negative with a loss of 23.5 per cent this year as of September 16, currently trade at a P/E (price/earnings) multiple of 10.65 times, which makes it attractive and provides a good opportunity for investors to invest in selective stocks,” they said in a report.
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Effect of credit crisis to be minimal in UAE

Effect of credit crisis to be minimal in UAE

September 17th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, International Real Estate, UAE Real Estate No Comments »

The UAE’s economy is strong enough to escape the effects of the global credit crunch that led to the collapse of Lehman Brothers and the takeover of Merrill Lynch, Minister of Economy Sultan bin Saeed Al Mansouri has declared.

"The UAE economy is strong and good," he said. "The effect of the global credit crisis on the country will be limited."
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Balli Group to unveil $3 billion real estate portfolio at Cityscape Dubai

Balli Group to unveil $3 billion real estate portfolio at Cityscape Dubai

September 17th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, International Real Estate, UAE Real Estate No Comments »

Vahid Alaghband Balli Real Estate Holdings Ltd (BREHL), the property development and investment division of the Balli Group, will unveil the details of their $3 billion property development and investment portfolio, as part of its global expansion plans at Cityscape Dubai 2008. Cityscape, the largest business-to-business real estate development and investment exhibition, will be held from October 6-9, 2008 in Dubai.

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Celestial Heights real estate development on schedule at Downtown Jebel Ali

Celestial Heights real estate development on schedule at Downtown Jebel Ali

September 18th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, International Real Estate, UAE Real Estate No Comments »

Behnam Eshragh Cirrus Developments LLC, one of the fastest growing real estate developers in Dubai, is progressing on schedule to complete Celestial Heights project located in the Trellis District of Zone One, Downtown Jebel Ali. The Dh1 billion Celestial Heights is now well into the next phase of construction and on schedule to complete as per the program. The mixed-use development will be made up of 3 towers - Capella, Orion and Polaris.

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Palm Jumeirah’s Anchor Marina to open in December 2008

Palm Jumeirah’s Anchor Marina to open in December 2008

September 18th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, UAE Real Estate No Comments »

http://realestate.theemiratesnetwork.com/developments/dubai/images/palm_jumeirah_logo.jpg Island Global Yachting (IGY), the luxury marina developer and management company, has announced that Anchor Marina, the first marina on The Palm Jumeirah, is on schedule to open in December 2008. The firm will launch an exclusive online auction site to lease berths to owners and residents of The Palm.

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Sobha Group soon to launch commercial realty at Downtown Jebel Ali

Sobha Group soon to launch commercial realty at Downtown Jebel Ali

September 18th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, UAE Real Estate No Comments »

Sobha Ivory 2 Sobha Group, Indian real estate developer, is all geared up to launch its fourth commercial project in Dubai, located at Downtown Jebel Ali. Located near Sheikh Zayed Road with close proximity to Dubai Metro, the new Sobha commercial development will offer over 110 offices, 280 car parking spaces, retail and food & beverage units in an iconic 9 -storey tower.

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Qatar property sector follows Dubai real estate pattern

Qatar property sector follows Dubai real estate pattern

September 18th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, International Real Estate, UAE Real Estate No Comments »

http://internationalpropertyinvestment.com/wp-content/uploads/image/pearl-qatar.jpg Arabian Construction Co. subsidiary, QACC, bags a Dh520 million approx ($142 million) contract to build residential properties at the Viva Bahriya district on the Pearl-Qatar in Doha. The property will have a 20-storey residential tower with a two-level podium, a five-storey apartment building, and town houses quite similar to the ones in Dubai real estate segment.

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New investment firm set sights on UAE realty market

New investment firm set sights on UAE realty market

September 19th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, International Real Estate, UAE Real Estate No Comments »

A UAE-centric investment holding firm, Buildan Development Limited, was unveiled by Daman Investments PSC with an initial capital of $ 180 million. The new company aims to be a developer and investor in aviation and logistics related businesses as well as real estate projects located primarily within and in the vicinity of the new Al Maktoum International Airport developed by Dubai World Central at Jebel Ali.
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Dubai Aquarium & Discovery Centre to unveil marine wonders at The Dubai Mall

Dubai Aquarium & Discovery Centre to unveil marine wonders at The Dubai Mall

September 19th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News No Comments »

Dubai Aquarium & Discovery Centre Dubai Aquarium & Discovery Centre will unveil the marvels of the ocean floor to the people of Dubai with the opening of The Dubai Mall. Featuring the world’s largest viewing panel and a 2700 walkthrough tunnel, the Dubai Aquarium is a spectacular display of some of the world’s most intriguing marine animals. The flagship development of Emaar Malls Group, The Dubai Mall is one of the world’s largest shopping, lifestyle and entertainment destinations featuring a host of world-class leisure attractions.
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Financial Crisis: Dubai Group plans new fund for US and European markets

Financial Crisis: Dubai Group plans new fund for US and European markets

September 19th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, International Real Estate, UAE Real Estate No Comments »

Dubai is moving quickly to seize opportunities created by the turmoil in the US real estate and banking sectors.

Financial services giant Dubai Group, part of Dubai Holding, is planning to launch a fund of funds in the first half of 2009 to invest in the US and European markets, said Chief Executive Tom Volpe.

"We’re gearing ourselves up to expand our business in the US," he said. "The fund will invest in real estate and equity and will have a private equity component."

Dubai Group, whose exposure to the US real estate market exceeds $2 billion (Dh7.3bn), may raise close to that amount with the fund.

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Pearls of financial wisdom

Pearls of financial wisdom

September 20th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, UAE Real Estate No Comments »

After a week in which global capitalism seemed on the brink of collapse, it may seem odd to begin with a look at the history of Dubai’s pearl fishing industry, but bear with me. There are lessons in that story that the UAE should take to heart as it begins to assess what effects the world financial crisis will be for the Emirates and the wider Gulf region.
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Mohammed Bin Rashid Gardens Dubai

Mohammed Bin Rashid Gardens Dubai

September 20th, 2008 admin Posted in Dubai Real Estate, Dubai Real Estate News, Videos

The Mohammed Bin Rashid Gardens capture the spirit of Civic Design, creating new hope for the Middle East by restoring the soul of Arabian civilization to the heart of its cities.
A literal translation of the astrolabe’s ornate brass rete, the city’s parks and gardens form a lush green net that catches all the cultural and residential districts within its spreading strands.

Unique Image named agency of record and cultural liaison to lead entry into region

Unique Image named agency of record and cultural liaison to lead entry into region

September 20th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, International Real Estate, UAE Real Estate No Comments »

Unique Image, Inc. has proudly been named the agency of record and cultural liaison by the Economic Alliance of the San Fernando Valley, and has partnered with the World Trade Center to form a second US-Dubai Delegation scheduled to take place November 14-23.

The purpose of this Delegation is to finalize a trade relations exchange between Los Angeles and Dubai, and to provide new opportunities for international trade relationships through a high-level business-to-business, investment and cultural experience.
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Al Mazaya plans expansion into Ajman and Bahrain

Al Mazaya plans expansion into Ajman and Bahrain

September 20th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, International Real Estate, UAE Real Estate No Comments »

Dubai, 20 September 2008: Al Mazaya Holding, the region’s leading real estate developer, has announced that the focus of its general strategy for the coming period will be on diversifying its revenue generating sources in a bid to stake its claim on a significant portion of the GCC’s booming investment market and to follow the current growing trend of investment in real estate assets.
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