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Limitless eyes Southeast Asia
Dubai: Mixed-use, lifestyle and tourism developments are set to dominate the real estate scene in Southeast Asia over the next few years, according to Limitless, the global master development arm of Dubai World.
Limitless, whose growing global portfolio includes three projects in Southeast Asia, with more to be announced this year, says that thorough risk assessment, insight into each market and local joint ventures are key to delivering successful and sustainable developments in the region.
NBAD's web unit gets ISO certificate
National Bank of Abu Dhabi's (NBAD) internet banking unit has been awarded ISO 9001:2000 quality management standards by Lloyds Register Quality Assurance, one of the world's leading accreditation bodies, to be the first ISO certified internet banking unit in the UAE.
The certificate was presented by Saif Al Shehi, senior general manager, domestic banking division, NBAD to Manoj Bhatia, manager of NBAD's internet banking unit.
FEB holds first shareholder meeting
First Energy Bank (FEB) the world's first investment bank focused exclusively on the energy sector, recently held its first shareholder meeting.
Esam Janahi, FEB Chairman announced that the Central Bank of Bahrain has awarded it a wholesale Islamic banking licence. Janahi welcomed the shareholders and presented the constitutional committee's report of FEB's business activities.
Dnata Contact Centres wins award
Dnata Contact Centres has been named the best call centre at the 2008 Middle East Call Centre Awards. The awards, now in their third year, are regarded as the most prestigious event in the contact centre calendar by those in the region's fast growing industry.
The emergence of Dnata Contact Centres as one the region's most forward-thinking contact centre operations has been reinforced by its recent announcement of a major stake in South Africa-based contact centre outsourcer, Mindpearl.
James L. Williams opens UAE branch
James L. Williams Pty Ltd, a 133-year old mechanical services company has established a branch in the UAE. The company has joined forces with Michael Boufarhat as CEO and Global Development Group to form a mechanical, electrical and plumbing contracting business in the Middle East.
Global Development Group, headquartered in Abu Dhabi is a company that acts as a holding company for a diverse range of subsidiaries providing services in the Middle East and around the globe.
Microsoft signs deal with Arab business angels
Microsoft has signed a memorandum of understanding (MoU) with Arab Business Angels Network (Aban) spanning the Middle East and North Africa. The partnership aims to increase the success rate of new entrepreneurial ventures in the region, by encouraging innovative business ideas and providing seed funding.
Enoc reviews roadmap for future
A recent forum of Enoc's key business leaders has resulted in a consolidation of the oil and gas company's growth strategy and a redefinition of the operation's vision and mission.
Saeed Abdullah Khoury, Enoc Group chief executive, said that following the extraordinary year witnessed by the oil and gas sector, the time was right to review and formulate a corporate strategy.
Damac opens office in Qatar
Damac Properties has opened a new sales office in Qatar to meet the growing demand and tap into the potential of Qatar's real estate sector.
The new sales office is located in Qatar's capital city, Doha, and will provide information on all properties by Damac. With this initiative, Damac now has 53 sales offices across 12 countries.
Ithmaar unveils new company
Bahrain-based Islamic bank Ithmaar Bank has said it had led a consortium to launch a new real estate and infrastructure firm, which it aims to float in an initial public offering by the end of 2008. Naseej will have a paid-up capital of 300 million dinars ($795.8 million), of which 120 million will be raised in an IPO open to Bahraini and foreign investors.
Dow launches new product
Dow in the Middle East recently launched Dowlex PE-RT, a class of polyethylene for pipe applications for elevated temperatures at the Middle East Plastic Pipes conference.
Detlef Schramm, application technology leader for pipe and geomembrane, Dow Europe, represented Dow at the event and showcased the company's diverse plastic pipes portfolio.
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