BUSINESS & JOBS

Middle East aviation executives James Hogan and Samer Majali were amongst the winners at this year’s CEO Awards in Dubai. The event, which took place at The Armani Hotel on 20th September, brought together over 240 senior figureheads to recognise the outstanding achievements of industry leaders, entrepreneurs and innovators in the region. Meanwhile, Gulf Air boss Samer Majali – also in attendance – picked up the award for “Aviation CEO of the Year,” with the judges saying Majali “has probably had to make more difficult decisions than anyone else in this room tonight.”

Drake & Scull boss Khaldoun Tabari has scooped the prestigious “Lifetime Achievement Award” at the CEO Middle East Awards. Tabari was presented with the award at a special ceremony held on Monday night at The Armani Hotel, Dubai. The judges remarked that “under Tabari’s stewardship Drake & Scull has become one of the Gulf region’s most prominent MEP contractors.”

"Vacancies will continue to rise across the Dubai market in the short term, as the level of office stock increases ahead of demand," the property consultancy firm said in a report. Demand for office space in Dubai is centered on two locations, it says: the financial district, which includes the Dubai International Finance Center and Burj Khalifa, the world's tallest tower, and the TECOM freezone, which includes Media City and Internet City.

Depa, the Dubai-based interiors contractor that worked on the Burj Khalifa, is becoming a favourite among construction stock pickers in the country. While many builders have been hurt by project cancellations, payment delays and reduced profit margins, Depa’s balance sheet looks more solid.

Aside from the Burj Khalifa Tower in Dubai, the world’s tallest building that houses hotels and shopping destinations, Dubai is planning to build a new skyscraper with the construction of “The Wave Tower.” But this seacraper, coined due to its proposed proximity to the city’s waterfront area, is going to be a lot greener than Burj Khalifa.

The emirate is famed for a number of things such as the Burj Khalifa, which is the world’s tallest building, and the ‘The World’ which is a manmade archipelago with each mini island a potential home for the super-rich. Many people travel to Dubai for holidays, but there is probably just as much, if not more, coming to do business.

"Rera (Real Estate Regulatory Agency) appears to have the power to take whatever appropriate action it considers necessary to enforce the obligation to register a JOP Declaration.

Depa, the contractor that installed the interior of the world’s tallest tower, the Burj Khalifa, has paid S$108.7 million (Dh295.1m) for a furniture maker based in Singapore as it expands its presence in Asia.

The 2010 ACN Arab Technology Awards will take place at the highest building in the world, the Burj Khalifa. This year’s ceremony will be hosted by the Armani Hotel and will see over 300 of the most important and influential figures in the Middle East enterprise market gather for one night.

Dubai World is prepared to sell prized assets including previously ringfenced ports firm DP World in a bid to raise as much as $19.4 billion to repay creditors, a document obtained by Reuters showed. The document, presented on July 22 to creditors at Dubai's lavish Atlantis Hotel, also revealed that the state-owned conglomerate's debt stood at $39.9 billion