DUBAI, 14 January 2007 — Fantasia Trading launched Pirelli, Sector and Philip Watches recently at a glittering ceremony held at Burj Al Arab Hotel in Dubai. Fantasia Trading is the sole distributor in the Gulf region of internationally acclaimed brands such as Valentino, Roberto Cavalli, Just Cavalli, Moschino Hours and Minutes, Pirelli, Sector and Philip Watches. Speaking about the enormous success that the company has achieved in the last few years as a distributor in the world of Italian brand name watches, Gabriel Ibrahim, the CEO and general manager of Fantasia Trading said, “I believe that Fantasia, our company, has grown significantly since 2002, when we had introduced the leading fashion watch brands Valentino, Roberto Cavalli, Just Cavalli and Moschino in the UAE and GCC countries.
Mizin Completes Majan Road Works
DUBAI, 14 January 2007 — Mizin, the real estate development company of Tatweer, yesterday announced the completion of road works at Majan, Downtown Dubailand, the 16.5 million sq ft freehold mixed use development located next to the Emirates Road. Investors are now entitled to commence work on their respective plots with immediate effect. This is in line with Mizin’s development strategy, which stipulates the early completion of preliminary infrastructure work to enable investors develop their properties with the least time delay. Sami Al-Hashmi, CEO, Mizin said: “Mizin has set a new benchmark in the market, and is emerging as a unique model for efficient planning. With the completion of road works on schedule, we have delivered on our promise to open Majan to investors after the completion of the final planning phase and initial infrastructure work.”
DHCOG Gets Positive Ratings
DUBAI, 14 January 2007 — Dubai Holding Commercial Operations Group (DHCOG) has been assigned positive credit ratings ‘A+’, ‘A1’ and ‘AA-’ by the world’s three leading credit agencies. The ratings from Standard & Poor’s (S&P), Moody’s Investors Service, and Fitch are the first given to the group and reflect its robust performance globally. Dubai Holding Commercial Operations Group is a wholly owned subsidiary of Dubai Holding (DH) and incorporates all the non-financial investment subsidiaries of the group including Jumeirah, Dubai Properties, Tecom, Tatweer and Sama Dubai.
EGL Embarks on Expansion Plan
DUBAI, 14 January 2007 — Emirates Glass (EGL), one of the leading processors of architectural flat glass in the Middle East and a subsidiary of Glass, has embarked on a major expansion plan at a cost of AED100 million to increase the coating capacity further to meet a growing demand for its products. “The expansion will increase the coating capacity by three million square meters per annum to bring the total capacity to 3.7 million square meters of flat glass products,” said Ziad Yazbeck, deputy general manager, Emirates Glass. “This will meet the additional demand created by the recent unprecedented growth in the Gulf construction industry,” he added.
