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Investment & Insurance Services News



Ex-Nakheel consultant quizzed in bribes probe
Tue, 19 Aug 2008 01:45 PM


A former Nakheel sales consultant is being quizzed by the Public Prosecutor as the investigation into alleged corruption in Dubai continues. Former Nakheel executive Karim Masaad is being questioned by the Public Prosecution and being held in Dubai, newswire Zawya Dow Jones reported on Tuesday.




Ex-Nakheel consultant quizzed in bribes probe

Tue, 19 Aug 2008 01:45 PM

A former Nakheel sales consultant is being quizzed by the Public Prosecutor as the investigation into alleged corruption in Dubai continues. Former Nakheel executive Karim Masaad is being questioned by the Public Prosecution and being held in Dubai, newswire Zawya Dow Jones reported on Tuesday.




GM of world's largest Islamic insurer quits

Mon, 18 Aug 2008 02:01 PM

The general manager of the world's biggest Islamic insurer, Islamic Arab Insurance Co, has quit without giving a reason for his resignation. The Dubai-based company, known as Salama, said Parvaiz Siddiq has stepped down in a filing to the Dubai Financial Market on Monday.<br /><a target=_blank href=http://www.arabianbu...




SRMG Becomes First Arab Media Group to Have a Board of Trustees

Mon, 18 Aug 2008 07:53 AM

With this announcement, the Riyadh based company becomes the first Arab media group to have such a board, only 2 years after it became the first Arab media group to go public, when it became listed in the Saudi stock market in 2006.




A princely investment

Sun, 17 Aug 2008 10:44 PM

KSA: Saudi Prince Alwaleed bin Talal is the largest private investor on the Saudi stock exchange...




Dubai Metro safety system put to test

Sun, 17 Aug 2008 01:00 PM

A delegation from Dubai has been to Canada to see vital safety components for the city's Metro system being put through their paces. A team of senior rail officials from Dubai's Roads and Transport Authority visited a factory in Toronto, to witness the testing of the Automatic Train Control System which will play an im...




Diamonds cut out of the rough

Sat, 16 Aug 2008 09:44 PM

Dubai&#8217;s total trade of rough diamonds increased by 36 per cent to reach $3.03 billion in t...




Banned UK boss selling Canary City to investors

Sat, 16 Aug 2008 01:15 PM

Resurfaced British real estate boss Baljinder Chohan, who was banned from UK directorships for four years, is offering unsuspecting GCC investors plots of land in an empty field called 'Canary City' in Bromley, South London, Construction Week has learned. The Dubai-registered firm, UK Land Investments International (UK...




Ibn Battuta ceiling fall still being investigated

Sat, 16 Aug 2008 01:15 PM

Shoppers escaped unhurt after a number of decorative panels crashed from the ceiling at Dubai’s Ibn Battuta Mall a fortnight ago. A section of the mall, developed by Nakheel, was cordoned off and shops were closed following the collapse. According to Nakheel nobody was hurt.<br /><a target=_blank href=http://www.arabia...




DubaiVirtualRealEstate.com -- Stake Your Claim

Thu, 14 Aug 2008 06:53 AM

Dubai is growing at unprecedented levels. With its enormous expansion in real estate, tourism and the retail sector, there has never been a better time to be in the business of Dubai. DubaiVirtualRealEstate.com has been monitoring the development of Dubai, UAE and simultaneously assembling a portfolio of direct type-in...




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