IslamicFinance.de

Middle Eastern publicly recorded companies are becoming increasingly aware of the importance of online transparency as part of their strategy to administer best practice investor relations.
This is the key conclusion of the 2011 KWD Middle East Webranking survey that annually reviews corporate websites across the region based on the requirements of the investment community.
The survey prooves that an increasing number of companies are revolving to online channels to communicate with shareholders, disclosing more information on financials, corporate governance, CSR initiatives and company news on their websites.
The winners of the KWD Webranking Survey are as followed: Al Khalij Commercial Bank from Qatar presented itself as overall winner in the Middle East, followed by Aamal Company, also from Qatar, in second place. UAE real estate group Emaar remained on its position as third best corporate website.

Emaar Economic City in Riyadh, as subsidiary of Emaar Properties Dubai, announced that it has so far earned SAR 2 bn from the sale of the first phase of residential units.

http://archive.gulfnews.com/business/Real_Estate_Property/10300746.html

Nakheel has joined Thailand's Amburaya Hotels & Resorts to transform Thailand's idyllic Koh Samui Island with the launch of a stunning integrated resort development comprising 17 luxurious private residences and a 75-key all-villa hotel.

http://archive.gulfnews.com/business/Real_Estate_Property/10300825.html

Dubai-based developer Limitless said Thursday it is reviewing a $12 billion (Dh44.04 billion) residential and commercial project in India because authorities there have not yet bought the required land. Its announcement came a day after the developer cut 7 per cent of its workforce and delayed a key contract on its $61 billion Arabian Canal project due to the global economic downturn.

http://archive.gulfnews.com/business/Real_Estate_Property/10300811.html

Moody's Investors Service said on Monday the Dubai's government's USD 20 bn 5-year, 4 % bond programme could support debt ratings of Dubai companies that were placed under review for a downgrade earlier this month. If there are no restrictions on how Dubai uses bond proceeds this could support Moody's ratings of Emaar, DP World, DIFC Investments, Dubai Holding Commercial Operations Group, Dubai Electricity and Water Authority and the Jebel Ali Free Zone. Moody's had said it could lower its debt and Islamic bond, or sukuk, ratings for the six firms, all linked to the Dubai government, by as much as two notches each. The review is due shortly.

The US subsidiary of Emaar Properties, John Laing Homes, has sought Chapter 11 bankruptcy protection due to sharp decline in home sales.

John Irish and Jason Benham reported on Reuters on 20 January about the financing needs of Emaar Properties, Dubai both conventional euro medium term note and Islamic. The notes would be listed on the London Stock Exchange, with HSBC and Royal Bank of Scotland acting as lead arrangers..