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Petrochems lift Saudi index to 3-month high

Posted on Apr 26, 2011 in ArabianBusiness.com, Business & jobs, Featured | 0 comments

Saudi Arabia’s index TASI hit a three-month high, led by petrochemical stocks, with the market buoyed by higher oil prices in the absence of a local catalyst. “Petrochemicals are currently the most favored by investors with heightened oil prices keeping the sector over a solid floor despite some stock specific profit taking activity,” said Amro Halwani, a senior trader at Shuaa Capital in Riyadh.

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Mubadala man takes Aldar top spot

Posted on Apr 22, 2011 in Business & jobs, Featured, The National | 0 comments

Aldar Properties has elected a new chairman from the top ranks of Mubadala Development to replace Ahmed al Sayegh, the company’s departing leader. Abu Dhabi’s largest property developer will be chaired by Ali Eid al Mehairi, a UAE national who heads Mubadala Infrastructure.

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AGM Statement

Posted on Apr 22, 2011 in Business & jobs, Featured, Press | 0 comments

The shareholders of Aldar Properties PJSC held the Company’s Annual General Meeting at the Yas Hotel in Abu Dhabi earlier this afternoon. During the meeting, all agenda items were approved including the report of the Board of Directors on the Company’s activities and its financial position for the year ended 31 December 2010.

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Diary of an armchair investor

Posted on Apr 22, 2011 in ArabianBusiness.com, Business & jobs, Featured | 0 comments

There’s plenty of ammunition for taking cheap shots at Aldar Properties. For a start, the company lost more than AED1bn every month last year after a massive writedown of property assets. There’s the continued weakness of the Abu Dhabi property market. Then there’s Ferrari World. Aldar’s flagship theme park was barely a quarter full last Saturday when I took my 11-year-old nephew, who was bored within an hour.

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Abu Dhabi Earth Hour 2011 video reveals government together with its people and businesses taking action for the planet

Posted on Apr 22, 2011 in AMEinfo, Business & jobs, Featured | 0 comments

In celebration of Earth Day, a 3-minute high definition video released by the Emirates Wildlife Society in association with WWF (EWS-WWF) and twofour54, Abu Dhabi’s regional centre of excellence for Arabic content creation in the media and entertainment industry,reveals a government together with its people and businesses taking action for the planet.

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Abu Dhabi developer halts $300m Libya project

Posted on Apr 21, 2011 in Business & jobs, Featured, Press | 0 comments

Al-Maabar planned to float a construction tender in April for its Al-Waha mixed-use development in Tripoli. The project, launched in late 2009, is a joint venture with Libyan Investment & Development Company (LIDCO).

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