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Empower awards Lagoons cooling contract |
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Emirates Central Cooling Corporation (Empower) said it has signed a contract with Vanderweil Engineers, one of the largest and most experienced engineering firms, for the design of its district cooling plant at ‘The Lagoons’ project.
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Samsung wins $95bn Jumeirah Gardens contract |
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South Korea's Samsung Corporation has been appointed as the main contractor for the 600-metre-plus tower on the Dh350 billion ($95.29 billion) Jumeirah Gardens development in Dubai, planned by the local Meraas Development, said a report.
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Amara eyes Asia, ME investments |
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Dubai-based Amara Holding said on Saturday it is looking for investment opportunities in China, India and the Middle East as growing demand for Islamic finance in those markets mitigates a global economic downturn.
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Gold surges to two-month high |
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Metals plunged 10 per cent on fears that financial turmoil would hit raw material demand, but gold rose to its strongest in more than two months as frantic investors chased risk-free assets.
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