Turkish property market in demand
Over the last five years foreign investors have spent over 10 billion dollars on property in Turkey according to the latest available figures. In Antalya almost a quarter of all real estate is owned by foreigners. The amendment of the Foreign Direct Investment Law in Turkey, which would overhaul the conditions for foreigners’ property investments, [...]
GCC boosts relations with Turkey
The Chief of the Gulf Cooperation Council said the GCC will sign an agreement with Turkey aimed at boosting economic ties. The Memorandum of Understanding will provide for "cooperation in the economic, political and security domains," said GCC Secretary General Abdurrahman al-Attiyah. The Memorandum of Understanding will pave the way for the conclusion of a [...]
Dubai transport to go hybrid
An agreement between the Dubai Road and Transport Authority (RTA), General Motors and the Government of Dubai to reduce the impact of pollution on the environment could mean an all hybrid fleet of taxis and government vehicles including police cars and ambulances on Dubai roads by 2012. “Run on a combination of fuel and electricity, [...]
Dubai Bank seeks global status
Dubai Bank aspires to become a major global Islamic lender over the next five years through acquisitions and has set up a $5 billion financing programme to aid expansion. "We have a specific strategy to be by 2011 a major force to contend with in the Islamic bank arena," the chief financial officer said. "(Within [...]
Tiger Wood’s Dubai Golf Course on Target
Tiger Woods is already the world's top-ranked golfer and highest paid athlete and soon he will be sporting his biggest trophy yet: a luxury golf course in Dubai . The ambitious project promises 5 million square feet of locally grown grass and more than 30,000 fully-grown imported trees, it is on target for completion sometime [...]