05 enero 2008

Burj Dubai, the iconic tower

Burj Dubai reaches 600 metres high
“…Burj Dubai, the iconic tower developed by global property developer Emaar Properties, has scaled 158 levels - the highest for any building in the world - and is now 598.5 metres high… Cladding work of the tower is now ongoing at an accelerated pace with 58 storeys already wearing the shimmering sheen of the high-performance cladding system. The primary materials used - reflective glazing, aluminum and textured stainless steel spandrels and vertical stainless tubular fins - accentuate the tower's height and slenderness to the eye…”

Dubai Land Department signs deal withTatweer (UAE)

“…A strategic partnership agreement was signed by Sultan Butti Bin Mijrin, the Director General of Dubai’s Land Department, and Khalid Al Malik, CEO of Tatweer, in Dubai. Mohammed Al Habbai, CEO of Dubailand, and Abdul Wahab Al Halabi Chief Operating Officer of Dubailand; Mohammed Sultan Thani, Director of Development and Marketing Administration, and Abdelbari Bin Sougat, Assistant Director of the Development and Marketing, Land Department, were present at the ceremony… The agreement will centralise all land sales in Dubai through a general property registration system and all agreed sale deeds will be authenticated by the Land Department…”

Middle East inflation may accelerate on US$100 oil
“…High oil prices will result in more money flowing into the region and "translate into greater pressure on inflation and on goods and asset prices,'' Marios Maratheftis, Standard Chartered's head of research for the Middle East, said… Analysts including Caroline Grady, a London-based economist at Deutsche Bank, have raised their 2008 inflation forecasts after local currencies were led lower against the Euro by the weakening US Dollar and housing shortages persisted. Most Gulf currencies are pegged to the dollar. UAE inflation accelerated to 9.8% in 2007 from 9.3% in 2006, according to the median forecast of seven economists surveyed by Bloomberg in December…”

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