Abu Dhabi, Potential Developing Projects Destination

Saudi Arabia-based real estate investment and development company is planning a good investment oppurtunities in prime areas of Abu Dhabi.

He said The Land has partly delivered their project in Jordan, while one tower out of the proposed 17 to be built on Qatar's Pearl Island will be delivered by December this year.

"We are also going to develop Perlita Island in Qatar where we are planning a residential and tourist project. As well, we will build an office project in Qatar's Energy City," said El-Helou.

more....

Survey: UAE Banks Extend Good Performance

UAE banks will surely make it better in 2008 as they were being praised for a good performance last year, survey said.

Fitch said it expects banks to perform strongly in 2008, given that performances rely heavily on core banking activities, and also in the light of continuous strong demand for credit.

Despite sector loan growth of 40 percent in 2007 and strong growth in prior years, asset quality remained sound in 2007, Fitch noted.

more...