Thursday 23 January 2020

Hasaad Real Estate signs hotel deal with Millennium

Millennium Hotels & Resorts Middle East has announced the signing of its first Millennium Central property in Saudi Arabia in partnership with Hasaad Real Estate, on stage at the Saudi Arabia Hospitality Investment Conference (SHIC), held in Riyadh from January 21-22. Followi


McDermott files for prepackaged restructuring

McDermott International has filed for Chapter 11 bankruptcy after the engineering and construction company reached an agreement with creditors to tackle its debt.   The firm has the support of two-thirds of the holders of its funded debt in a pact that will elim


Veolia breaks ground on Saudi waste-to-energy plant

Veolia, a global leader in optimised resource management and the Royal Commission for Jubail via its investment arm JYIC, have started work for the development of a central utilities and waste valorisation plant in the PlasChem Park of Jubail Industrial City.  


Dubai Tourism releases new guidelines for holiday home sector

Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has announced an administrative order clarifying the law of Decree No. 41, introduced in 2013 to govern holiday home activity in Dubai. The order outlines regulations for operators, homeowners and authoris


Besix wins Dubai waste-to-energy project contract

Dubai Municipality has awarded Besix the contract to build and operate the Al Qusais Landfill Gas-to-Energy project.   Besix will build and operate for 16.5 years renewable energy production facilities at Al Qusais, Dubai.   


Dewa to highlight future possibilities for women

Dubai Women Establishment (DWE) has announced Dubai Electricity and Water Authority (Dewa) as the Strategic Sustainability Partner of Global Women’s Forum Dubai 2020 (GWFD 2020).    To be held under the patronage of His Highness Sheikh Mohammed bin Ra


GHD Advisory strengthens UAE team

GHD Advisory, part of global professional services company GHD, has welcomed Amani O’Neill and Noor Badri as senior advisor and advisor, respectively, in its Abu Dhabi office.   Operating across GHD’s network of offices in the region – in the U


SRC signs $66.6m refinance deal with Bank AlJazira

Saudi Real Estate Refinance Company (SRC), a subsidiary of the Public Investment Fund (PIF), announced today that it has signed a mortgage portfolio acquisition agreement with Bank AlJazira.   The signing took place in the presence of Minister of Housing and Cha


Mideast investment in US real estate doubles

Demand from Middle Eastern investors for US real estate has intensified over the last year — bolstered by the continued strength of the US dollar, says research from Knight Frank.   It indicates that investment into the US from the Middle East has more tha


Diyar Al Muharraq’s Jeewan project work ahead of schedule

Diyar Al Muharraq, one of the largest real estate development companies in Bahrain, has announced that work on phases one and two of its Jeewan residential project is ahead of schedule.   Development of Phase One of Jeewan has reached 51 per cent and the second

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