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Dubai cancels $1.3bn WCT racecourse dealDubai's Meydan said on Monday it cancelled a racecourse construction deal with Malaysian construction firm WCT Engineering and the local firm Arabtec. A Meydan statement did not give a value for the deal, but WCT said in 2007 that its More… |
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Abu Dhabi F1 work backedBNP Paribas, Mashreq Bank and HSBC have successfully co-arranged a contractor financing of Dh750 million ($204 million) for the construction of the Abu Dhabi F1 circuit. Mashreqbank was also appointed as the Facility and Security Agent for More… |
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MMC inks $4.7bn port deal with DubaiMalaysian infrastructure and energy group Malaysia Mining Corp (MMC) signed a maritime and property pact worth 16 billion ringgit ($4.7 billion) with an investment unit of the Dubai government, MMC said. Under the pact, MMC and Dubai World More… |
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WCT wins racecourse dealMalaysian builder WCT Engineering Bhd and its Middle Eastern partner have won a 4.5 billion ringgit ($1.29 billion) contract to build a horse-racing course in Dubai, the Edge weekly said. The new racecourse is set to replace Dubai's exist More… |
