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Oasis to make way for new project
One of Dubai's oldest hotels is to close at the end of this month ahead of its demolition to make way for a new mixed-use... Emirates Business 24/7 - 07Aug08

Work on second float glass facility starts
07 August 2008 Emirates Float Glass, a subsidiary of Glass LLC, wholly owned by Dubai Investments, has commenced work on a second float glass production facility in Dubai to raise capacity to 1,200 tonnes per day.The company will spend Dh1.5 billion on... Emirates Business 24/7 - 07Aug08

Arabian Bemco signs SR8.28 billion agreement
Arabian Bemco Contracting Co. Ltd., the specialized contractor for building of power stations, industrial facilities and public utilities, has signed a SR8.28 billion agreement with a group of local banks.... Arab News - 07Aug08

DWC to develop $33b lightrail transport system
To help the estimated million or so residents of Dubai World Central (DWC) move freely around the 140-kilometre city-within-a-city, a staggering $33 billion is being spent on developing a substantial transport... Gulf News - 07Aug08

Drivers wait for hours to off-load sewage
Thursday, Aug 07, 2008 Gulf News Dubai: A waiting period in long serpentine queues outside the sewage plant in Al Aweer is a cause of physical and psychological strain, say sewage tanker drivers. They say it takes them 10 to 18 hours to reach off-loading... Gulf News - 07Aug08

Queen Alia Airport Hotel awards hotel construction to Golden Tulip chai
AMMAN, Aug 6 (KUNA) -- The International Hotels Group, owned by Kuwaiti-Jordanian company Noor Investment and the Abu-Dhabi Investment Company, both presented the duty of constructing the Queen Alia Airport Hotel to the Golden Tulip Hotels' chain. Noor... KUNA (Kuwait News Agency) - 06Aug08

UPDATE: Saudi Chemanol Plants Near Completion, IPO Set Aug 11
Saudi-based Methanol Chemicals Co., or Chemanol, is nearing the completion of two plants in its $533 million expansion plan, the company... Zawya Dow Jones Newswires - 06Aug08

Egyptian Fincl&Indus Eyes 18% Stake In $300M Fertilizer Plant
Egyptian Financial & Industrial Company said it was studying investing in a phosphate fertilizer project in Edfu in the Upper Egyptian governorate of Aswan with a proposed capital of $300 million alongside local and foreign... Zawya Dow Jones Newswires - 06Aug08

Al-Rajhi Steel to spend SR4 billion to double output
Al-Rajhi Steel Industries, one of Saudi Arabia's three largest steel producers, said it plans to spend up to SR4 billion ($1.07 billion) to more than double its production capacity by as early as... Saudi Press Agency - 06Aug08

Plus Properties signs AED 400 million worth contract with Taahud for construction of iconic SkyGardens project in Abu Dhabi
Exclusive waterfront property features luxury apartments and duplex villas with private pools and suspended gardens Abu Dhabi - UAE August 6, 2008: Plus Properties, a leading property developer in the Middle East, has signed an AED 400 million contract... Press Release - 06Aug08

UAE awards desalination energy project to ERI
JEDDAH, August 06, SPA - Energy Recovery, Inc. (ERI), a global leader of ultra-high-efficiency energy recovery products and technology for desalination, announced on Tuesday that it has been awarded a contract to provide the energy recovery technology... Saudi Press Agency - 06Aug08

Dheeraj & East Coast breaks ground for AED 615 million Culture Village projects
Dheeraj & East Coast LLC (DEC) today broke ground for the AED 615 million projects include Casca de Ville and Cascade Manor, two exquisitely designed residential developments, and The... Press Release - 06Aug08

DAMAC Properties awards AED10.72 million contract to IFG for its Lincoln Park project at Arjan
The project is scheduled to be completed by mid 2010Dubai, 5th August, 2008: DAMAC Properties, the largest private master developer and luxury lifestyle provider, has awarded an AED 10.72 million enabling works contract to International Foundation Group... Press Release - 06Aug08

Azizi Investments launches second phase offering at Al Furjan with Almasa One
New commercial offering is located in the heart of "new" Dubai Dubai, 6 August 2008: Azizi Investments will this week launch Almasa One, the second phase of its commercial offering at Nakheel's community development - Al... Press Release - 06Aug08

Kuwait: Govt power projects on target to avoid outages
Kuwait's Minister of Oil, Electricity and Water Mohammed Al-Olaim admitted yesterday that the state faces power problems, but explained the ministry was on-track with a slew of costly energy-related infrastructure improvements.... Kuwait Times - 06Aug08

Domestic waste to be used to generate electricity
Bahrain plans to build a recycling factory that could generate enough electricity for a small city in its southern... Khaleej Times - 06Aug08

FEED study of Takreer refinery expansion to be ready by next year
The Front End Engineering and Design (FEED) study of Takreer's planned grassroots refinery expansion project to double the production capacity at Ruwais will be completed by second quarter of... Khaleej Times - 06Aug08

Palm monorail to start from April 1, 2009
The monorail on The Palm Jumeirah will start operations on April 1, 2009, Nakheel's director of investments told Emirates Business... Emirates Business 24/7 - 06Aug08

Al Hassan to build new switchgear factory in Buraimi
Al Hassan Switchgear Manufacturing Company LLC (AHSG), part of the Al Hassan Group of Companies, carried out ground-breaking ceremony to build a new switchgear manufacturing facility in Buraimi, located at Oman-UAE... Oman Daily Observer - 06Aug08

Plus signs Dh400m contract with Taahud
Property developer Plus Properties has signed a Dh400 million contract with Taahud General Contracting for the construction of its SkyGardens project in Reem Island, Abu... Gulf News - 06Aug08

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Real Estate
Speculating in Dubai
Speculative investment is most evident in the regional land market, with plots being bought and resold within a matter of months at potentially very attractive profits, according to Morgan Stanley.

Oil & Gas
Expected To Expand
Constrained refining capacity has been frequently identified as one of the key reasons for the rise in crude oil prices over the last two years. But refining capacity will begin to expand later this year and continue well past 2009.

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Oasis to make way for new project

Work on second float glass facility starts

Arabian Bemco signs SR8.28 billion agreement

DWC to develop $33b lightrail transport system

Drivers wait for hours to off-load sewage

Queen Alia Airport Hotel awards hotel construction to Golden Tulip chai

UPDATE: Saudi Chemanol Plants Near Completion, IPO Set Aug 11

Egyptian Fincl&Indus Eyes 18% Stake In $300M Fertilizer Plant

Al-Rajhi Steel to spend SR4 billion to double output

Plus Properties signs AED 400 million worth contract with Taahud for construction of iconic SkyGardens project in Abu Dhabi

UAE awards desalination energy project to ERI

Dheeraj & East Coast breaks ground for AED 615 million Culture Village projects

DAMAC Properties awards AED10.72 million contract to IFG for its Lincoln Park project at Arjan

Azizi Investments launches second phase offering at Al Furjan with Almasa One

Kuwait: Govt power projects on target to avoid outages

Domestic waste to be used to generate electricity

FEED study of Takreer refinery expansion to be ready by next year

Palm monorail to start from April 1, 2009

Al Hassan to build new switchgear factory in Buraimi

Plus signs Dh400m contract with Taahud

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