Coastal Municipailty wants construction on Bulgaria's southern coast black sea to be banned
The coastal municipality of Tsarevo has called for the introduction of a two-year construction ban in Strandzha natural reserve to stave off over-construction on the southern Black Sea coast. The municipality has proposed that there be a new delimitation of the borders of the park and the introduction of a management plan for the park, [...]
Dubai to create Gulf's largest bank in $11.3 bln deal
DUBAI, July 12 (Reuters) – Dubai moved to create the Gulf's largest bank by assets on Thursday with the merger of Emirates Bank International Ltd. (EBIL.DU: Quote, Profile, Research) and its smaller rival, National Bank of Dubai (NBDD.DU: Quote, Profile, Research), in an $11.3 billion deal. The combined bank, called Emirates NDB PJSC, created at [...]
DCCI real estate arm to merge with DPG
Dubai: The Dubai Chamber of Commerce and Industry (DCCI) will merge its real estate interest – the Real Estate and Property Business Group – with the Dubai Property Group (DPG). The combined group will operate under DPG's name to represent, protect and promote the interests of Dubai's real estate community, according to a statement.
Shift in power as Emirates spends its way to greatness
THE chairman of Emirates Airlines, His Highness Sheik Ahmed Bin Saeed Al-Maktoum of the ruling family of Dubai, has grand ambitions, and a bankroll to match. He has a huge pot of money to spend – $US82 billion from his government, the airline and other financiers. He loves large planes, and he has ordered 55 [...]
Dubai Property: Mortgage Boost For UK Buyers
Brits to receive a helping hand in their efforts to buy property in Dubai. The National Bank of Dubai (NBD) has just announced a union with mortgage adviser John Charcol, to provide finance to UK residents interested in purchasing residential properties in UAE. The deal with John Charcol will provide Mortgage finance to UK residents [...]