Morgan Stanley Investment Management Launches Morgan Stanley Frontier Emerging Markets Fund, Inc. FinchannelThe FINANCIAL -- Morgan Stanley Investment Management announced on August 28 that the Morgan Stanley Frontier Emerging Markets Fund, Inc. (the "Fund") has issued 7,100,000 shares of common stock at a price of $20 per share resulting in gross proceeds to the Fund of approximately $142,000,000 (before deduction of the sales load and offering expenses and exclusive of the underwriters' over-allotment option). ... Frontier emerging market countries in which the Fund currently intends to invest include: Bahrain, Bangladesh, Botswana, Bulgaria, Croatia, Ecuador, Estonia, Ghana, Jamaica, Jordan, Kazakhstan, Kenya, Kuwait, Latvia, Lebanon, Lithuania, Macao, Mauritius, Namibia, Nigeria, Oman, Panama, Qatar, Romania, Saudi Arabia, Serbia, Slovenia, Sri Lanka, Trinidad and Tobago, Tunisia, Ukraine, United Arab Emirates and Vietnam. ...



UPDATE 1-Qatar signs railway study deal with Deutsche BahnReuters DUBAI, Aug 27 (Reuters) - German railway operator Deutsche Bahn [DBN.UL], which is planning an initial public offering, has signed a deal to help design a multi-billion dollar rail network in the Gulf Arab state of Qatar. Qatari Diar Real Estate Investment Co, a unit of the country's sovereign wealth fund, said on Wednesday the project's partners would develop the blueprint for integrating Qatar's planned railways into a national and regional network. The Gulf Cooperation Council, which groups the six regional states, is working on a feasibility study with the World Bank to create a $2.5 billion pan-Gulf rail network.

UPDATE 1-Gulf investors launch $2.8 bln in new Islamic firms Reuters - USA By John Irish DUBAI, Aug 27 (Reuters) - Three Gulf Arab banks will launch a specialised bank to finance infrastructure projects, an agriculture firm and a hospitality fund as rapid growth in the Middle East and North Africa lures billions in new investment. ...The ambitious plans, the latest in a string of multi-billion-dollar projects, come as a five-fold rise in oil prices since 2002 fuels breakneck growth in the energy exporting nations of the Gulf, Middle East and North Africa. ...

Hill International Selected as Project Manager for Tamweel Headquarters Building at Business Bay Al-Bawaba - Amman,Jordan Hill International, the worldwide construction consulting firm, announced today that it has been awarded a contract by Tamweel P.J.S.C. to provide project management services for Tamweel Headquarters Building at Business Bay, Dubai, UAE. The twenty-six month contract has an estimated value to Hill of approximately AED 7 million ($1.9 million). ...The design of the building is characterized by the twisting of every 4-storeys block forming an architecturally interesting form. ...

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