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Dubai World category
Bank creditors will reply to Dubai World proposal soon
The Government of Dubai has proposed funding Dubai World and its property development subsidiary Nakheel with up to $9.5 billion in cash and refinancing the rest of the companies’ borrowings over five and eight-year plans.
Dubai World And Nakheel To Receive $9.2 Billion From The Dubai Government
Dubai World has a big dept currently standing at $23.5 billion and the Dubai government is looking for a quick resolution to this big problem. The latter has now allocated $8 billion to Nakheel, the company owned by theDubai World conglomerate and the constructor of palm tree islands off Duabi’s coast.
Jafza opens representative office at Tasjeel inside Free Zone
Jafza, the flagship free zone under Economic Zones World, announced the opening of a new representative office in the Tasjeel Vehicle Registration Centre located at the ENOC petrol station near Junction 13 inside the free zone. Reaching out to its customers’ need for faster and easier transactions, the new office will considerably reduce the time for new, renewal or cancellation of registration of their light commercial and passenger vehicles.
Economic Zones World lends support to environmental awareness campaign, ‘Our Earth – We Will’
Economic Zones World, parent company of Jafza, Gazeley, TechnoPark and DAZ, has lent its support to ‘Our Earth – We Will’, a global environmental awareness campaign created to educate people, particularly children about the dangers of global warming and the actions that are needed to remedy the situation.
Drydocks World – Southeast Asia begins 2010 on a High Note with US$200 million in orders
Southeast Asia Pte. Limited (“DDW-SEA”), the Southeast Asian subsidiary of Drydocks World, has clinched newbuilding and conversion orders worth more than US$200 million since the start of this year.
DP World and Dubai World chairman first person to set foot on new land at London Gateway
The Chairman of DP World and Dubai World has become the first person to step on land created at the UK’s newest port and logistics development, London Gateway.
Imdaad diversifies services at major Dubai projects
Imdaad, the leading provider of comprehensive Facilities Management Services in the UAE, has adopted more environment-friendly methods while delivering diversified services to the high profile communities in Dubai.
