Tuesday 28 April 2015

Phoenix to bid for 3.2GW Oman power projects

Phoenix Power Company is set to bid for two new power projects in the Ibri and Sohar regions of Oman, which on completion will have a capacity to generate 3.2 gigawatts (GW) of power, said a report. A major player in Oman's utility sector, Phoenix Power Company is the owner o


Msheireb's building gets Leed certification

Qatar’s leading sustainable developer Msheireb Properties said it has achieved Leed (Leadership in Energy and Environmental Design) Platinum status for its new building located at its flagship development Msheireb Downtown Doha. Msheireb Properties, a subsidiary of Qatar Fo


Riyadh property sales sink over tough mortgage rules

Residential property sales in Saudi Arabia's capital Riyadh have plunged since the kingdom introduced tougher mortgage rules last November, research from JLL shows, and the consultancy predicted the restrictions would spur further country-wide declines. Buyers can now borrow


Suez Canal revenues top $420m in March

Egypt's revenue from the Suez Canal was $420.1 million in March, a government website said on Tuesday, up from $382 million in February. The fastest shipping route between Europe and Asia is one of Egypt's main sources of foreign currency. – Reuters


GCC investors buy giant Libyan cement company

A group of Gulf investors have joined hands with local firms to buy the largest cement maker in eastern Libya, betting on a construction boom once fighting abates in the North African country, one of the investors said. Libya rarely attracts investment since much of the country i


Lamprell lands Abu Dhabi NDC contract

Lamprell, a leading provider of diversified fabrication, engineering and contracting services, said it has won a deal from National Drilling Company (NDC) Abu Dhabi, for the construction and delivery of a high specification jackup drilling rig. Lamprell said it had previously bee


HOK announces key Mideast appointment

HOK, a global design, architecture, engineering and planning firm, has appointed Mark Streetz as its new managing principal in Dubai, UAE. Streetz, an architect with 38 years of experience in design, planning, architecture and project management, had earlier held leadership posit


Rectangle Interior opens new office in Dubai

Rectangle Interior, a leading architectural interior design firm specialising in fit-outs and consultancy for the hospitality sector, has opened its regional office in Dubai, UAE. The new 4,300-sq-ft office, located at One by Omniyat tower in Business Bay, boasts exquisite interi


Saudi building crash kills 11

At least 10 construction workers from Pakistan and one from India were killed in the collapse of a convention centre being built in Saudi Arabia, a news report quoted an Asian diplomatic source as saying on Tuesday. The building, at a university in Qassim northwest of the capital


Dewa unveils 2021 strategy roadmap for Dubai

Dubai Electricity and Water Authority (Dewa) has launched its Strategy 2021 for Dubai, UAE, which focuses on several sectors such as seizing opportunities, meeting challenges, strategic drivers, goals and priorities, among others. Saeed Mohammed Al Tayer, managing director and CE

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