Saturday 15 August 2020

Masdar to buy 50pc stake in EDF's US clean energy portfolio

Masdar, one of the world’s leading clean energy developers and a unit of Mubadala Investment Company, has announced its second strategic investment in the US in a deal with EDF Renewables North America that will see it acquire a 50 per cent stake in a 1.6-gigawatt (GW) clean-energy port


Dubai to become bicycle-friendly city

Dubai is set to introduce new laws and legislations to promote cycling both as a sport and a means of eco-friendly transport, reported state news agency Wam.   Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Exec


Deyaar's H1 revenue, net profit registers decline

Deyaar Development, a leading property developer based in Dubai, said its revenue for the first six months fell to AED174.5 million ($47.4 million) from last year's figures of AED337.6 million ($92.2 million) amid challenging economic conditions.   Anno


Dutch greenhouse builder BOM lands key GCC project

UAE-based Pure Harvest Smart Farms, the region’s leading tech-enabled agribusiness, has commissioned Dutch specialist contractor Bom Group to build its state-of-the-art high-tech farms as it expands its footprint in the Gulf region.    Engineering and


Saudi TRSDC hires team of sustainability stewards

The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious sustainable tourism project in Saudi Arabia, is hiring a team of local Sustainability Stewards.    The initiative will support with the delivery of several ongoin


Jotun launches new collection celebrating Arab Culture

Jotun, the region’s leading paint brand, embraces the legacy and culture of the Arab world with the launch of its new Exterior Colour Collection.    Inspired by the Arab world, this newest collection ‘One


Iskan, Sezad to build integrated academic city in Oman

Iskan Oman Investment Company has joined hands with the Special Economic Zone Authority at Duqm (Sezad) to develop an integrated academic city over a one million sq m area featuring higher education colleges.   Iskan Oman Investment Company is one of the leading


Aldar Properties' revenue surges 21pc to $547m in Q2

Leading UAE developer Aldar Properties today (August 13) reported a 21 per cent increase in its revenue for the second quarter which rose to AED2.01 billion ($547.2 million) from AED1.66 billion ($452 million) last year due to a strong performance from the development business. &


Azizi records solid retail unit sales in Dubai community projects

UAE-based Azizi Developments has achieved a key milestone with the sale of 30 per cent of its recently released 700+ retail units spread across its premium Dubai developments including MBR City, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.


Saudi real estate deal volumes down 13pc on spending cuts

Saudi Arabia's real estate transaction volumes for the second quarter fell by 13 per cent compared to the same period last year, with the total value of residential transactions decreasing by 2.7% over the same period, according to leading property expert Knight Frank Middle East. 

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