Nakheel Mulls Dh55b IPO

Nakheelappears to consider a Dh55 billion ($15 billion) initial public offering (IPO) to raise capital to fund some projects. Gulf News - 02Dec 05:49GMT
Local Banks Not Cutting Jobs As Business Holds Up

UAE bankers said on they haven't planned any job cuts to face up to the challenges posed by the global economic downturn and credit crunch that has embroiled some of the world's major banks and wiped trillions of dollars from the global financial system. Gulf News - 02Dec 05:40GMT

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Projects

Name	Oman RAEC - Duqm Power Station - Phase 4
Country	Oman
Value	USD 60,000,000 (estimated)
Industry	Power and Water \| Power Transmission & Distribution, Substation
Status	EPC - Bid Submission
Completion	2009
The bids for phase 4 were submitted on December 1st and the award is expected in Q1 2009.
» View Full DetailsUpdated: 01Dec08

Research

Jordan Telecom Group (JTEL)
Jordan Investment Trust Plc. - 01 Dec 2008

JordInvest issues a HOLD recommendation on JTEL with a target price of JOD 5.62, representing a 8.7% downside potential to the current market price of JOD 5.17. The company achieved Q3-08 net profit of JOD 77.3 million. The stock is currently trading at a PE of 12.54x.

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Fit for a King

Established by the Kingdom Holding Company in 1995, Kingdom City is a residential compound consisting of 333 units that accommodate 80,000 residents and 250,000 visitors. Kingdom City also offers heath, sports and recreational facilities.

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This month's FREE sample pick...
Company: Aramex

Video

Aramco To Freeze Dammam Field Project

Arabic language (0:28)
Sources confirm Saudi ARAMCO's intention to put on hold plans for Al Dammam field - 01Dec

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Funds

Supported by

Leading Fund

Fund	Vision Emerging Oman Fund
Geographic Focus	Oman
Fund Manager	Vision Investment Services Company
NAV	0.94 OMR \| 30Nov08
YTD Returns	- 28.95%
Vision Emerging Oman Fund is the leading fund in Oman on the Funds Monitor in terms of 1-Month returns.
» View Full Details

Radio

Nakheel Cuts Staff & Projects

Ryan Mahoney, MD of Betterhomes talks about the likely impact from Nakheel's decision to cut staff and slow down projects.
Dubai Eye - 01 Dec 2008

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Stories

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Posted on 02Dec
Comments

Deflated figures

“I'm pretty sure those are just deflated figures from developers... actual figures are 30% to 60% higher. This is just the first round of layoffs and very soon many others will lose jobs as the credit crunch sinks deeper into the economy.”

Noaman Al Sardi on Restructuring likely in real estate sector

Projects

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KNPC - Al Zour Refinery	Kuwait	Oil and Gas
Qatalum Aluminum Smelter	Qatar	Industry
Abu Dhabi Municipality - Salam Street and Mina Road Development	UAE	Infrastructure
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Posted on 02Dec Comments

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Posted on 02Dec
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