Sunday, 26 June 2011
Bakrieland Development, Indonesia’s second-largest property developer, said it has other investors who are interested in joining its Rasuna Epicentrum project in the capital, should Dubai company Limitless withdraw as its partner.
“There are many investors interested in the Rasuna project,” Bakrieland chief executive
Hiramsyah Thaib told the Jakarta Globe on Sunday. “Where else can you find 16 hectares of land bank in Jakarta’s central business district except here?”
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With Sheikh Ahmed replaces Ahmed Humaid Al Tayer as Chairman of Emirates NBD, many speculate that the move may signal more changes in Dubai’s bank sector
Dubai’s ruler named his uncle and close adviser Sheikh Ahmed bin Saeed al-Maktoum as chairman of Emirates NBD on Sunday, in a move that may signal changes to come in Dubai’s banking sector.
Sheikh Ahmed, chairman of Emirates airlines, replaces Ahmed Humaid Al Tayer, who is also governor of the Dubai International Financial Centre (DIFC), state news agency WAM said.
The country's last eurobond, which was oversubscribed, was launched almost a year before President Hosni Mubarak was toppled on February 11. His government had been considering a new long-term issue.
But officials now say the government, which forecasts a budget deficit of nearly 9 percent in the 2011/2012 fiscal year, is in no hurry. Economists say it may not tap the market until November or later.
Hisham Abdullah Al Kasem was named deputy chairman, while Mohammed Obaid Al Shehhi, Mohammed Hadi Ahmed Abdullah Al Husaini and Shoaib Mer Hashim Khouri were appointed as board members, state-run Emirates News Agency reported. They replaced Eissa Saleh Al Gurg, Fardan Ali Al Fardan, Khalid Jassem Bin Kalban, Abdullah Ahmed Lootah and Hamad Mubarak Bu Amim.
Sheikh Ahmed is also the chairman of Dubai World and Emirates airline.