A subsidiary of Dubai-based contractor Drake and Scull has won a 375 million dirham ($102.10 million) contract from local developer Nakheel , Drake and Scull said on Tuesday.
The contract is related to a development at Nakheel'
Cultural and heritage events will be the focus of the date palm festival to be held in Abu Dhabi next month.
The sixth edition of The Emirates International Date Palm Festival will be held at Abu Dhabi National Conventional Centre
Dubai developer Nakheel will restart work on part of one of the three palm-shaped islands that came to symbolise the excesses of the emirate's boom years, the company chairman said, in a sign Dubai is bouncing back from its financial crisis.
Hewlett-Packard announced a $1.2 billion deal to buy Palm, betting it can resuscitate the struggling smartphone maker to compete with the likes of Apple and RIM.
Analysts say 2010's third-largest US tech acquisition gran
Lenovo, the world's No.4 PC brand, has emerged as the leading candidate to buy struggling smartphone maker Palm, after the US firm was rebuffed by other potential Asian buyers, sources said.
Shares of Hong Kong-listed Lenovo rose as mu
Palm on Wednesday announced a lower-priced smartphone in the same family as its popular Palm Pre smartphone, although the move may be overshadowed by rival product launches by Motorola and Apple.
Palm said it will start sales of the Pixi,
Kerzner International, a leading international developer and operator of destination resorts, casinos and luxury hotels, has appointed Serge Zaalof as the chief operating officer of the company.
In his new role, Zaalof will be respo
Property prices on Dubai's Palm Jumeirah island have fallen as much as 40 percent since September as buyers struggle to get mortgage loans amid the global credit crisis, real estate brokers say.
A four-bedroom villa on the man-made island
Government-owned Nakheel Properties, developer of Dubai's palm-shaped islands, said it was launching a 4.4 billion dirham ($1.2 billion) syndicated loan.
The facility, which matures in January 2011, includes a conventional and an Islamic t
A fire has broken out in the five-star Atlantis Hotel on the Palm Jumeirah.
A Dubai Civil Defence official said firefighters have been battling flames in the lobby of the hotel. The cause is not yet known.
The Atlantis is set to op