TNM

AMD Beats Crunch With Abu Dhabi Cash

AMD Beats Crunch With Abu Dhabi CashEven in the state of credit crunch, Chipmaker Advanced Micro Devices proved that there is abundant of capital accessible, if one has growth potential and price appeal.

On Tuesday, AMD saw itself rising on the New York Stock Exchange following the announcement that the company had joined hands with investors in Abu Dhabi in a joint venture dubbed The Foundry.

Dh3b invested by DIFC in Dubai Pearl

Dh3b invested by DIFC in Dubai PearlA whopping investment of more than Dh3 billion has been made by DIFC Investments, the investment arm of the Dubai International Financial Centre (DIFC) in the Dubai Pearl project. The announcement was made by DIFC on Tuesday.

DIFC Investments' real estate fund was recently launched to knock into the flourishing property sector in Dubai and the UAE.

Dubai court to pass verdict against having sex on beach

Dubai court to pass verdict against having sex on beachA verdict in the trial of the British couple, who were accused of having sex at the beach, will be passed by the next week, say the Dubai court documents.

The reports further state that verdict which was initially to be passed on Tuesday has now been postponed till 16th October.

Dubai exhibition to promote Iskandar

Dubai exhibition to promote IskandarMentri Besar Datuk Abdul Ghani Othman recently revealed that this week, Iskandar Malaysia would be exhibited at the world’s largest growth development exhibition in Dubai.

He further informed the gathered reporters, “The southern Johor growth corridor was also set to attract new foreign investors to further boost its momentum for the next five to 10 years.”

UAE's Mubadala, Conoco agree Kazakh deal

UAE's Mubadala, Conoco agree Kazakh dealA preliminary deal has been signed between the UAE's Mubadala Development Co, U.S. major ConocoPhillips and Kazakhstan's state energy firm to develop an offshore Kazazh oil and gas block, announced Mubadala Development Co on Sunday.

Leading property financiers of UAE reported to get in merger talks

Leading property financiers of UAE reported to get in merger talksMerger talks have commenced between the two leading real estate financiers in the UAE - Amlak Finance and Tamweel in order to ease the liquidity crunch affecting the region.

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