Contracts for the major gas projects in the Gulf emirate were awarded by Abu Dhabi Gas Industries Ltd (Gasco) valued at about $9 billion.

Consortium of Japan's JGC Corp (1963. T: Quote, Profile, Research) and Italy's Maire Tecnimont got contracts worth 17.3 billion dirham ($4.7 billion)

It has been decided by the low-cost Dubai-based carrier FlyDubai, which was supposed to begin its operations in India from July 13, to delay its operations there due to operational reasons.

Flydubai CEO Al Ghaith said in a statement: "Flydubai had planned to begin its operations to India with flight to Lucknow on July 13, Coimbatore on July 14 and Chandigarh on July 23, however, due to operational issues; we have had to delay these flights."

Recently, a contract worth USD 381 million was won by construction company Leighton Holdings Limited, at the Khalifa Port and Industrial Zone in Abu Dhabi.

The work would be carried out by Leighton subsidiary Al Habtoor Leighton Group for the Abu Dhabi Ports Company. It would include the construction of the on-shore port facilities, which involves the construction of 47 buildings and associated infrastructure works.

Via a statement, Leighton said that the work has already commenced, and is expected to be completed by September 2011.

Global marine terminal operator DP World has informed that it has inked a new 15-year operating lease extension at Port Botany in Sydney, Australia.
 
The sources said that lease pact is the third DP World contract in Australia this fiscal, following the recent 40-year lease renewal at DP World Brisbane and a new 30-year operating lease at Adelaide.
 

As per the latest media reports, Nakheel, a property developer owned by Dubai World, has taken up the decision to make nearly 400 more staff redundant, since the company continues an overhaul brought on by the downturn in the property sector.

According to a source close to the company, the redundancies were staggered over the past two weeks, and are on top of the 500 jobs that were cut last December.

It was put forth by one former staff member who was laid off last week that the laid-off workers are given a redundancy package of six months' pay.

As per the latest media reports, Nakheel, a property developer owned by Dubai World has taken up the decision to make nearly 400 more staff redundant, since the company continues an overhaul brought on by the downturn in the property sector.

According to a source close to the company said that the redundancies were staggered over the past two weeks and are on top of the 500 jobs that were cut last December.

It was put forward by one former staff member who was laid off last week that they are given a redundancy package of six months' pay.

Italy-based Legnano Teknoelectric Company (LTC), a leading processor of electrical steel and manufacturer of magnetic cores for transformers, has informed that it has decided to open its first manufacturing plant in the Middle East in the Jebel Ali Free Zone (Jafza).
 
The manufacturing plant, built on an arena of 27,500 square metres, will process grain-oriented electrical steel, from coils right up to fully built magnetic cores for distribution and electrical power transformers.