Regional stock market indices Regional currency rates Abu Dhabi Investment House Launches $7B Porta Moda Fashion Concept Abu Dhabi Investment House (ADIH) signed memorandum of understandings to develop Porta Moda cities in Abu Dhabi, Qatar, Morocco, Tunisia and India. Porta Moda cities will comprise of retail districts offering luxury brands in fashion, jewellery and interior design fields, in addition to residential and leisure areas. Emirates International Properties will develop Porta Moda Abu Dhabi and Gulf Finance House will establish relevant cities in Morocco and Tunisia. Qatar and India entertainment cities will develop their own Porta Moda districts. ADIH recently signed a $1.5B agreement with Dubai based Al Futtaim Group to develop 50% of Qatar entertainment city. Morocco to Build High Speed Rail Link by 2013 The Moroccan state rail authority, Office National des Chemins de Fer (ONCF) has announced the building of a high-speed rail link between Tangiers and Casablanca.
