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sljb .07-.078 another shot across the bow of the shorts
wessal when their $$$ clears and institutions when audited fineys
anyone on board who has cleared $20/ 50ish million into U.S. from middle east post 9/11 who can give us guidance on how long it takes? thanks. (lol)
i think party might have been referring to this?
RED SEA HOUSING SERVICES COMPANY LIMITED Al Tahlia Street, Jeddah, SA
said it was not the one w/ prospectus posted-
we know wessal is their parent co.
do we know that vista is their parent?
there is speculation that wessal is a buyer for someone else-
is that emaar or vista?
if vista and they are buying 125 mil and ccm, also vista,gets 300 mil in next merger would that be cosidered a hostile takeover (425 of 800)?
anyone here from the middle east clear 50 million or so into US give us an idea on how long that takes? thanks.lol
thanks for that clarification eyes!
looking forward to hearing updates from here too!
WINDSOR, ON -- (MARKET WIRE) -- 07/26/06 -- LoftWerks/Sulja (PINKSHEETS: LFWK) announced today that the company is opening 3 new offices in the Middle East. A Red Sea Group company spokesperson commented: "The 3 licenses for Sulja Bros. Building Supplies were obtained in the Middle East. Ground breaking commenced today in Abu Dhabi, Dubai in the United Arab Emirates and in Bahrain."
all's looking great here for next leg up shortly!
its 40 ea. if previous os was 200 , you cannot divide 40 3 ways so ea would equal 10%.
there's no float and the shorts are screwed
like warm and fuzzy?
very! 138 float - 120 held by three = 18 ! (if the big three are holding )
and 62 million less in the float than was thought-
362 os -162 restricted leaves 200 that could be released into market- (which they have said they are not planning on)
wessal to be buying 125.
should get pretty exciting by the time audy fineys are released!
so that's an 18 mill float essentially?!lol
NNRF 1.15 and chart- (russian nuclear)
or wessal
August 22, 2006 — Lailat al Miraj
Celebrates the Prophet Muhammad's heavenly journey from Mecca to Jerusalem in a single night.
"Khalil Al Muslamani stated that the purchase will enable Wessal International Group to lead the way in the construction and real state industry in the Gulf."
(besides the spelling error(real state)) that is a major statement!
sljb in gulf news today http://www.gulfnews.com/business/News_in_Brief/10061629.html
goodmorning suljanauts good find dave- huge reaffirmation of hugeness http://www.gulfnews.com/business/News_in_Brief/10061629.html
aug 11 pr."Furthermore we are negotiating a continuous and competitive supplier of structural steel. Another product in short supply in the region."
more on guggenheim abu dhabi...
http://www.guggenheim.org/press_releases/release_159.html
PRESS RELEASE
ABU DHABI TO BUILD GEHRY-DESIGNED GUGGENHEIM MUSEUM
30,000 SQUARE METRE LANDMARK TO ESTABLISH UAE CAPITAL AS GLOBAL CULTURAL DESTINATION
Abu Dhabi, United Arab Emirates: Saturday, July 8, 2006.
Abu Dhabi, the capital of the United Arab Emirates in the Arabian Gulf, today signed a Memorandum of Understanding (MOU) with the New York-based Guggenheim Foundation to establish a world-class museum devoted to modern and contemporary art. To be called the Guggenheim Abu Dhabi (GAD), the museum, designed by internationally-acclaimed architect Frank Gehry, will position the emirate as a leading international cultural destination.
At 30,000 square metres, the Abu Dhabi museum will be the only Guggenheim museum in the region and will be larger than any existing Guggenheim worldwide. It is expected that the museum will be constructed within five years.
The museum will form its own major collection of contemporary art and will also exhibit masterworks from the Guggenheim Foundation’s global collections. The museum will be built in the Cultural District of Saadiyat Island—a natural island lying 500 metres offshore the UAE capital which is being transformed into an international tourism destination. The Cultural District will also be home to a national museum, classical art museum, maritime museum, performing arts centre and an expansive arts centre park.
“Today’s signing represents the determination of the Abu Dhabi Government to create a world-class cultural destination for its residents and visitors,” said HH Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and member of the Executive Council. “It also demonstrates the commitment of UAE President and Ruler of Abu Dhabi, His Highness Sheikh Khalifa Bin Zayed Al Nahyan, to demonstrably establish this emirate as a quality destination of international standing, one capable of achieving and maintaining relationships with the very highest calibre of global partners.
“This is a major step forward in our plans for Saadiyat Island and its Cultural District which will become an international cultural hub for the Middle East on par with the best in the world. The signing also represents a significant development in the creation and nurturing of international cultural ties which we believe will do much to forge greater understanding between all nations.”
Thomas Krens, Director of the Guggenheim Foundation, said the signing reflects the visionary spirit and forward-looking approach that are the Guggenheim’s hallmarks. “Our commitment to international communication and global cultural exchange—realised through our museums, collections, and programmes—is inclusive. The Guggenheim implicitly regards all contemporary cultures and their traditions as potential partners in the field of aesthetic discourse—we are both respectful of difference and excited by it.
“In Abu Dhabi,” Krens continued, “we have had the good fortune to discover a partner that not only shares our point of view, but expands upon it. The plans for Saadiyat Island and the cultural district, envisioned and developed by the Abu Dhabi Government, are, quite simply, extraordinary. When this comprehensive and inclusive vision is realised, it will set a standard for global culture that will resonate for decades to come.”
William Mack, Chairman of the Guggenheim Foundation, led a delegation of Guggenheim trustees to Abu Dhabi for the project launch. He said: “It is with a keen sense of historical precedent and with an abiding commitment to cultural exchange as a bridge to international understanding that the Guggenheim Foundation enters into this agreement to establish a Guggenheim museum in Abu Dhabi.
“I congratulate the Government of Abu Dhabi for its foresight in the redevelopment of Saadiyat Island and for its realisation that art and culture have a central role to play in enhancing international relations and understanding, and in encouraging greater educational initiatives locally, regionally and internationally.”
According to the MOU, Abu Dhabi’s Tourism Development & Investment Company (TDIC), which manages the authority’s tourism assets, will own the museum. The Guggenheim Foundation will establish and manage the museum’s programme, which will include collection development, exhibitions and educational initiatives.
The MOU was signed on behalf of Abu Dhabi by His Highness Sheikh Sultan Bin Tahnoon Al Nahyan, Chairman of the Abu Dhabi Tourism Authority (ADTA) and TDIC, and Thomas Krens.
“Abu Dhabi’s museum will join a highly exclusive Guggenheim museum network which currently includes New York, Venice in Italy, Bilbao in Spain, Berlin in Germany and Las Vegas,” said HH Sheikh Sultan. “The MOU is testimony to Abu Dhabi’s ambition to become an upscale destination and to ensure that the Abu Dhabi name resonates worldwide.”
His Highness Sheikh Sultan, who is also Chairman of Abu Dhabi Culture and Heritage Authority, also signed an agreement appointing the Pritzker Prize-winning architect Frank Gehry to design the museum. Gehry is the architect of the celebrated Guggenheim Museum Bilbao.
“When the museum, made of titanium, glass and limestone, opened in 1997 it was instantly hailed as the most important building of its time,” explained HH Sheikh Sultan. “Just as Bilbao established a new level of design excellence, Gehry’s GAD design brief is to push the boundaries of his own architectural practice and set the benchmark for museums in the 21st century.”
Architectural distinction will be a defining feature for all of the major new structures which will comprise Saadiyat Island’s Cultural District.
“We are currently in negotiations with other world-class international cultural institutions and anticipate making further announcements on the Cultural District’s outstanding projects in the months to come,” said Mubarak Al Muhairi, Director General, ADTA and Managing Director TDIC.
“Cultural tourism is an important component of our redevelopment plan. The power of the arts to attract an international audience is borne out by the fact that with its global locations, the Guggenheim has seen its worldwide attendance triple over the past 15 years. It now welcomes more than 2.5 million visitors annually, making it one of the world’s most visited museums.”
About Saadiyat Island:
Saadiyat Island – which translates from Arabic as Island of Happiness – is the largest single mixed-use development in the Arabian Gulf. The 27 square kilometre natural island – half the size of Bermuda – lies only 500 metres offshore Abu Dhabi island – the capital city of the United Arab Emirates. Saadiyat Island is being developed into a complete visitor and residential destination.
Saadiyat Island represents one of the most important development opportunities in Abu Dhabi’s history. The island, which has 30kms of water frontage and boasts many natural eco-features including mangrove forests, is being developed as a strategic international tourism destination and marks a new era in the rapid evolution of Abu Dhabi, the largest of the seven emirates which form the UAE Federation.
Saadiyat Island will be developed in three phases with total completion scheduled for 2018. The masterplan envisages six highly individual districts and includes 29 hotels, including an iconic 7-star property, three marinas with combined berths for around 1,000 boats, museums and cultural centres, two golf courses, civic and leisure facilities, sea-view apartments and elite villas.
Saadiyat Island will be linked to the main Abu Dhabi island and the Abu Dhabi mainland via two, 10-lane freeways making the destination easily accessible to Abu Dhabi International Airport, which will be just a 25 kilometre drive away.
Saadiyat Island is being developed by the Tourism Development & Investment Company (TDIC), an independent public joint stock company of which Abu Dhabi Tourism Authority is the sole shareholder. TDIC’s strategy is to dispose of development land on the island to private investors who will each develop their sites in accordance with the masterplan and supporting planning regulations and design guidelines.
About The Guggenheim Foundation:
Founded in 1937, The Guggenheim Foundation has the most international outlook of all New York City’s great cultural institutions. The foundation’s mandate is to preserve art and educate the public, and, over the past seven decades, it has amassed a premier collection of modern and contemporary art.
The Guggenheim Foundation currently owns and operates three museums: the Guggenheim Museum on Fifth Avenue, New York City; the Peggy Guggenheim Collection on the Grand Canal in Venice, Italy; and the Guggenheim Hermitage Museum in Las Vegas.
The foundation also provides programming and management for two other museums in Europe that bear its name, the Guggenheim Museum Bilbao, and the Deutsche Guggenheim, in Berlin. Through a unique alliance agreement, the Guggenheim Foundation shares its collections and collaborates on programming with the State Hermitage Museum in St. Petersburg and the Kunshistorisches Museum in Vienna.
About Tourism Development & Investment Company:
Tourism Development & Investment Company (TDIC) is a public joint stock company established under Law No: 12 of 2005 as decreed by the Abu Dhabi Ruler and UAE President, His Highness Sheikh Khalifa Bin Zayed Al Nahyan. TDIC is an independent organisation empowered to manage the tourism investment zones of the Abu Dhabi Tourism Authority (ADTA), which directs and implements strategy for the expansion of the emirate’s tourism sector. TDIC will develop the real estate assets that support ADTA’s mission of assisting UAE economic diversification through tourism development.
TDIC shareholding, fully owned by ADTA, operates along strictly commercial lines with its projects being self-sustaining and economically feasible. Its activities include creating development and tourism related concepts for specific sites and locations, disposing of, or repositioning, government-owned tourism related assets, entering into joint ventures with investment partners for assets such as hotels or residential products, as well as serving as the master developer for large scale projects.
About Abu Dhabi:
Spread over 87,340 square kilometres, Abu Dhabi is the largest of the seven emirates which make up the United Arab Emirates and accounts for more than 85% of the country’s total landmass. The UAE is one of the six members of the Arabian Gulf Co-operation Council.
Abu Dhabi city, built on the largest of almost 200 natural offshore islands in the emirate, is the capital both of the emirate and of the UAE. It is the federal seat of government and home to most ministries and institutions, embassies, state broadcasting facilities and oil companies.
Abu Dhabi’s population is currently around 1.6 million and is expected to grow by 6.8 per cent per annum over the next decade to a projected 3.4 million by 2015.
Abu Dhabi has an estimated 9.2% of the world’s proven oil reserves and 4% of its total proven natural gas reserves. The emirate has a per capita income of approximately US $30,000. Realising the challenges posed by the country’s heavy economic reliance on finite carbon resources, the emirate’s leadership is actively pursuing economic diversification.
For further information in the United Arab Emirates: Barbara Saunders, MCS/Action. Tel: +9714 390 2960; fax: +9714 390 8161. email: barbara.s@actionprgroup.com
For further information in the USA: Betsy Ennis, Director of Public Affairs, Guggenheim Museum
Tel: 212/423-3840
Email: publicaffairs@guggenheim.org
not new, but a good read ...
http://the.honoluluadvertiser.com/article/2006/Jun/30/bz/FP606300341.html
Posted on: Friday, June 30, 2006
Cranes, cranes, cranes — Dubai needs more
By Jim Krane
Associated Press
According to building analysts, Dubai is the world's fastest growing city. By one estimate, 14 percent of the world's construction cranes are in Dubai — or 30,000 of the 125,000 cranes distributed globally.
DUBAI, United Arab Emirates — New York has the Statue of Liberty. Paris has the Eiffel Tower. Dubai's symbol, for now, is the construction crane.
This Persian Gulf boomtown is more accurately described as an enormous construction site rather than a finished city.
Cranes cram the skyline and line the highways, marring the view from almost any window. Their latticed booms wheel over hundreds of half-finished skyscrapers, hauling up gray slabs of prefabricated wall, buckets of wet concrete, and bundles of steel reinforcing rod resembling rust-colored spaghetti.
Building analysts say Dubai has emerged as the world's fastest growing city, as well as its largest repository of building cranes.
"Dubai is the biggest market for tower cranes," said Klaus Binder, who heads tower crane production for the German manufacturer Liebherr. "No other city in the world has such a number. Maybe Shanghai did three or five years ago. There are growing markets in Russia, but they not as big as Dubai's."
The frantic growth is the fruit of oil-rich investors plowing record profits into luxury real estate in this liberal and cosmopolitan city. Dubai now groans under some $200 billion in projects that are either under way or slated to begin shortly, said Colin Foreman, a Gulf construction expert with Middle East Economic Digest.
No one here seems to know how many building cranes have been aiding the city's sprawl across miles of sweltering desert dunes. But inevitably, when one of Dubai's newspapers or pundits seeks to describe the scale of the city's building boom, a crane statistic is mentioned.
Earlier this month, Dubai's Gulf News daily claimed that the city harbors 24 percent of the world's construction cranes — or 30,000 of 125,000 cranes worldwide. Less ambitious estimates range from 6 percent to 10 percent.
Binder believes there are between 1,100 and 1,200 tower cranes in the Emirates, mainly in Dubai. That would be roughly 5 to 10 percent of the world's active tower cranes — one of three varieties used in construction. Dubai harbors many thousands more mobile cranes and crawler cranes —those on wheels or tracks.
Despite the crane-scarred skyline, Dubai needs more — far more — to complete its projects. But manufacturers can't make cranes fast enough and the secondhand market has been largely cleaned out, those in the industry say.
Rental companies here are booked solid. Gallagher International, which rents 53 mobile cranes to developers here, had leased its entire fleet last week.
"You have to say no to your customers. You cannot find cranes anywhere," said Arty Wartanian, Gallagher's general manager. "People are going to China to buy them because sources in Europe have dried up."
A recent article in Construction Week magazine said crane prices have jumped 30 percent this year, while the two major European manufacturers — Liebherr and Potain — were so backlogged that Italian and Chinese cranes were taking a growing share of the Gulf market.
A new Liebherr tower crane costs $100,000 to $1.9 million, depending on the size.
It's not just cranes in short supply. The simultaneous building booms in the Emirates capital Abu Dhabi, and in nearby Qatar and Bahrain have swept the market of bulldozers, excavators, pile drivers and other machinery. Prices of raw materials like concrete, glass, steel and aluminum are soaring, as is demand for laborers and engineers.
All this is driving up building prices. "It's a classic supply-and- demand problem," Foreman said.
The 206 Gulf Construction Yearbook estimates that $4 billion is spent each week on projects in the six Arab countries in the Gulf region.
"I guess it's going to be like this for the next five years," Wartanian said.
OT: grew up in rhode island where we also had vinegar fries
(and clam cakes and cabinets)
agree. don't think divvy will be necessary for short fries. maybe ketchup or mayo.
not buying those theories either- why not just wait till audited financials are released- then huge retail buying, wessal buying and short covering will drive the price through the roof as they buy up our shares at the prices we are willing to sell at?
maybe i'm missing something fundamental here- but those bb trades on the bid - don't understand how they could be buys- the mm's are buying up shares at a higher price, 76, 77, 78 and then selling them lower- 74,75? don't think so. seems more likely to be a retail bb sell at 74 , 75 and retail smaller buys 76,77,78.please explain if i am off.thanks.
looking ready
assests transferred to nv- not sure if they'll pr it...
but relative to their earnings and ginormous expansion in the middle east not nearly high enough for them to let the shorts off so easily, why would they let them cover here? imo it's scared retail they are buying from- have you had a look at rb?
but still a far cry from a fair valuation!
no way imo..."short sellers can complete their buy-in at a much higher price"
he's still not understanding though...
Churak- LFWK - LoftWerks/Sulja Completes Share Increase for Reverse Merger
Wednesday July 12, 9:29 am ET
WINDSOR, ON--(MARKET WIRE)--Jul 12, 2006 -- LoftWerks/Sulja (Other OTC:LFWK.PK - News) increased its common shares to 800 million shares. A company spokesperson commented: "The incorrect value listed at the State of Nevada is being corrected to show 800 million Authorized shares for LoftWerks/Sulja."
CEO Steve Sulja states: "The share increase is for reverse mergers only and will be restricted when issued. The company management is very excited about the upcoming public releases. Our shareholders will be very happy."
lolol.great job mods
"Alias Ban Date Banned By
DGILL48 8/17/2006 2:37:38 PM 2744 " (that's Matt)
i thought it smelled like covering. no?
you'd think they'd be feeling the ground beneath them vibrating as this runaway train bears down on them!
wow intk! could it be their turnaround? good news today- better a few days ago.
have you nibbled yet?
(remember, i've even used the nansulate!)
Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) announced today that IT ISacquiring a lumber mill