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DIFX and Bahrain Stock Exchange sign Memorandum of UnderstandingA Memorandum of Understanding (MoU) was signed today between Bahrain Stock Exchange (BSE) and Dubai International Financial Exchange (DIFX) to develop and strengthen capital markets activity in the region. The MoU was signed by Fouad Rashid, BSE's Director, and Nasser Alshaali, Chief Operating Officer of the DIFX. The MoU aims at strengthening and increasing cooperation between both parties in areas relating to exchange of expertise and information by both parties. The MoU will work on increasing awareness among both parties market participants regarding the legal framework and investment opportunities available in both bourses. It also encourages listed companies in both stock markets to cross list their securities. The MoU encourages both parties to jointly organize training programs and enhances relations and cooperation between market participants operating on both stock exchanges Mr. read more. Foundations for Palm Jumeirah monorail to be completed soonDubai: The foundations for the path of the Palm Jumeirah's Dh900-million monorail transit system will be completed this month, according to Palm developers Nakheel. The 5.4km long transport system will run between the Gateway Station at the trunk of The Palm Jumeirah and the Atlantis Station on the crescent, calling at two intermediate stations on the way Trump Tower and Village Centre. Arabian Forasol, a UAE/Swiss company, has been awarded two piling packages for the Trump Tower station on the trunk and the Atlantis station on the Palm's crescent. Piling began on the crescent station this week and will start on the Gateway stop in September. The monorail will initially carry up to 2,400 passengers per hour per direction in four separate trains, each made up of three cars. read more. TCS, Wipro keen to acquire land at Infopark: Kerala CMKochi, Aug 5. (PTI): IT majors Tata Consultancy Services and Wipro have evinced interest in acquiring land for setting up campuses at Infopark at nearby Kakkanad, Chief Minister V S Achutanandan said on Friday. The Chief Minister, who visited the Infopark on Friday morning and spent about 20 minutes talking to officials, later told reporters that about 25,000 people would get employment by 2008 when the development of the park would be more or less completed. Infopark would not be a subject of discussion during the talks being held on Friday and Saturday at Thiruvananthapuram with the officials of Dubai Internet City (DIC) in connection with the setting up of the Kochi Smart city project, he said. The Chief Minister said land acquisition proceedings with regard to 136 acres of land for developing Infopark would be speeded up. read more. Work starts on IT PlazaFatima International has started preliminary work on its $68m commercial tower, IT Plaza, located at Dubai Silicon Oasis, according to Gulf News. The main building contract will be awarded shortly, with the 15-storey tower due for delivery in Q3 2008. . read more. Govt to construct over-head bridge in SrinagarSrinagar: Jammu and Kashmir government said it would construct an over head foot-bridge near Government Degree College for Women here at an estimated cost of Rs 35 lakh."The work on the over-head bridge would be completed by October this year," Minister for Roads and Buildings, Gulchain Singh Charak, said while laying foundation for the 70-feet foot bridge last evening.Charak said the upcoming bridge would ease traffic woes near the college and its adjacent areas.He said construction works of four vital bridges in the city was near completion which include Saidakadal, Ashaibagh and Nowpora bridges. The work on Dalgate bridge has been suspended for some time due to some technical reasons.The minister also said the government have embarked on various developmental works to beautify the Srinagar city adding that upgradation and renovation of different roads in the city would be done soon.He expressed confidence that the massive reconstruction programme launched by the government as enshrined in the Common Minimum Programme will bring about socio-economic transformation in the state. read more. O'Neill ready to start work at VillaMARTIN O'Neill's appointment as Villa boss should be rubber-stamped today with the Irishman expected at Villa Park to sign a long-term contract. O'Neill and chairman Doug Ellis are booked to fly to Hanover tomorrow morning so that the new manager can at least be present, if not necessarily in charge, of the club's pre-season friendly in the afternoon. An agreement between O'Neill and Ellis had been hatched at least a fortnight ago with O'Neill desperate to return to management after over a year on the sidelines looking after his wife Geraldine, who was diagnosed with cancer. With his wife now believed to be in much better health, O'Neill is set to replace David O'Leary and is believed to be hungry to bring success to the club. . read more. ICC aims to end Zimbabwe cricket impasseDubai, Aug 2 (IANS) The International Cricket Council (ICC) is trying to work out a time table to bring Zimbabwe back to the Test match fold after its top officials visited the country and met the stakeholders of the board. At the end of their four-day visit to Zimbabwe, ICC president Percy Sonn and chief executive officer Malcolm Speed said Wednesday that they would give their feedback to the ICC's executive board meeting in November. 'We met with Zimbabwe cricket's interim committee, the Minister for Education, Sport and Culture Chigwedere, the national team's captain and coach and other stakeholders,' said Sonn. 'We were grateful for the opportunity to listen to and speak with everyone we met and, thanks to those meetings, we have a better understanding of the issues facing cricket in Zimbabwe,' he added. read more.You have surely been hopeful for the most up to date web sites. This subject matter has beyond doubt generated much interest lately. Searching for fresh documents does not have to be a bewildering chore. Spending the time prescribed to pin down the best Legal Jobs In Dubai information is a commitment which will reward in a super way.
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