Dubai office rents to hike 20%
Nicholas Maclean, managing director for Los Angeles-based CB Richard Ellis, said he expects office rents in Dubai and Doha to increase about 20% over the next year and a half as demand outpaces supply and international businesses expand in the Gulf, reported Reuters. MacLean said the highest quality offices in Dubai cost as much as [...]
Turkey's EU Membership will interest world
Cuneyt Yuksel, an MP from the ruling Justice & Development (AK) Party, said Wednesday Turkey's EU membership will be in the best interests of itself, the Union and the world. "The EU is the project of the 21st century and therefore Turkey wants to be included in it," Yuksel told a panel discussion on developments [...]
UAE housing mortgage market to surge
The UAE's housing mortgage market will increase nine-fold during the next five years to Dhs161bn ($44bn) in 2012, according to a research report by EFG-Hermes, a regional investment bank. The report said the UAE's financial system had a total of Dhs46.3bn in mortgage assets up to the end of the second quarter of 2007, including [...]
Morocco to produce 30 films by 12 new directors
Moroccan filmmaker Nabil Ayouch and Morocco's national broadcaster SNRT announced a ground-breaking new initiative today at the Dubai International Film Festival (DIFF). The project is called 'The Film Industry – Made in Morocco,' a 30-film slate by 12 up-and-coming Moroccan directors. The initiative, a collaboration between the SNRT and Ayoush's company label Ali N' Productions [...]
Investors in Turkey to Benefit from Economic Growth
Continuing economic growth in Turkey may benefit owners of Turkish property. Between now and 2009, Turkey’s economy is set to expand by six per cent according to the Organisation for Economic Co-operation and Development (OECD). A report by the OECD said that assuming Turkey is able to avoid any unforeseen events that could negatively impact [...]