Abu Dhabi Plans to Build Stealth Ships

Posted on Mar 7, 2012 in Emirates-Europe, Europe, UAE Law and Business

ABU DHABI – A new joint venture shipyard in Abu Dhabi will construct stealth vessels and in the future plans to build upgraded marine engines in collaboration with Italy’s Fincantieri, which builds naval and merchant ships. Khaleej Times


In a case with international financial implications, Casa Casuarina LLC, owner of a landmark Miami Beach resort property once owned by designer Gianni Versace and known as the Versace mansion, is suing its mortgage holder German bank WestLB on multiple counts of alleged fraud. Hit by high levels of insolvency and with losses of more […]

UAE Renewable Energy Deals Continue

Abu-Dhabi based renewable energy company Masdar has agreed to invest millions of dollars in Scotland on clean energy projects. The agreement with the Scottish government is the latest in the UAE’s efforts to diversify its energy portfolio and to reduce its dependence on an oil based economy. By 2020 Abu Dhabi plans to derive 7% […]

Continued Growth Seen (and Predicted) in Trade

Business in the UAE is picking up, according to recent reports. Foreign, non-oil trade increased 22% in the first half of 2011, as compared with the same period last year. Figures released by the Federal Customs Authority the UAE’s non-oil foreign trade increased by AED 80.7 billion to AED 445 billion. According to the figures, […]

Dubai’s Retail Sector Leads with London

Dubai is now tied with London as the world’s leading retail destination, according to a study by CB Richard Ellis. Dubai now attracts 56 per cent of all international retail brands surveyed and 1.2 million square metres of retail space which has come on to the market since 2006. These developments were the topic of […]

Latin and UAE Telecoms Launch Strategic Initiative

Telecom giants Etisalat and Telefonica announced that they have initiated a strategic partnership agreement through which they will collaborate on new global projects, emerging products and services relating to finance products and cloud-based services.  The agreement will enable both companies to strengthen their respective positions internationally, especially since they do not compete for the same […]

UAE Seeks Major Investments in Alternative Energy Sector

The UAE is seeking $100 billion (Dh367 billion) of investments in alternative and sustainable energy projects by 2020. Eco-projects including bio-fuel production and alternative energy are already underway, according to Feras Dahlan, CEO of Dar Al Tawasol, a national company, and First Deputy Chairman of the Organizing Committee for the Investment Map Conference (IMC).  The […]

UAE Announces Investment Map to Jump Start Foreign Investment

The UAE is launching the UAE Investment Map as part of a national long term initiative that will set the strategic direction for investments in the country until 2018. UAE Minister of Economy Sultan Bin Saeed Al Mansoori said that the initiative will launch in November, 2011 as part of a commitment to enhancing the […]

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