Saturday 31 October 2020

Construction finance industry 'ripe for change in Mena region'

The construction finance sector is ripe for change in the Middle East and North Africa (Mena) region, according to a report by GlobalData.   This report comes following recent news from the G20 Global Infrastructure (GI) Hub that the Mena region is one of the fa


Sharjah announces opening of new mall in Kalba city

Sharjah has announced the opening of the Kalba Mall, a key retail development in the emirate located close to the Mangroves Reserve and the Kalba Corniche and other government and university buildings.    Sitting on a 22,804 sq m area, the Kalba Mall houses


Abu Dhabi group IHC's revenue surges to $599m in Q3

International Holding Company (IHC), a leading Abu Dhabi-based group with interests in key sectors such as real estate, manufacturing and financial services, has registered a net profit of AED958.9 million ($261 million) for the third quarter.    Announcing


Empower showcases district cooling expertise at Wetex

Emirates Central Cooling Systems Corporation (Empower) has successfully concluded its participation in the 22nd edition of the Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show 2020.    Organized by Dubai Electricity and Wate


Abu Dhabi to light up 140,000 streetlights with LEDs

Abu Dhabi's Department of Municipalities and Transport (DMT) through Abu Dhabi City Municipality and the Abu Dhabi Investment Office, today (October 28) launched Phase Two of the Noor Abu Dhabi street lighting project.   The key project set up on Public-Priv


Dewa unit launches region’s first solar-powered data centre

Dubai Electricity and Water Authority (Dewa) said its key subsidiary Moro Hub (Data Hub Integrated Solutions) has launched the Middle East’s first certified Tier-III green data centre at the ongoing edition of the Water, Energy, Technology, and Environment Exhibition (Wetex 2020).


Azizi awards major value engineering contract to Salama

UAE-based Azizi Developments has awarded a major value engineering contract to Salama Structural Engineers for its upcoming projects across Dubai. The contract entails a set of tasks and deliverables, namely reviewing the design criteria to enhance the overall building performance.


Lootah breaks ground on Dubai Investment Park retail hub

Lootah Real Estate Development, one of the region’s most prominent real estate developers, today (October 28) broke ground on Ewan Retail, its new 1,400-sq-m lifestyle retail hub coming up at Ewan Avenue located in Dubai Investment Park (DIP).   Lootah Rea


Saudi to scrap sponsorship system, bring in work contract

Saudi Arabia is set to abolish the sponsorship system effective from the first half of 2021, a landmark move which is set to benefit over one million expatriates, reported Saudi Gazette, citing a report in Maaal online business


Savills picks Tasmim as sales partner for premium Oman project

Leading global real estate advisory firm Savills has signed up Tasmim, a new Omani real estate services provider and a part of the Shanfari Group, as its exclusive sales agent for the Habitat, a mixed-use development in capital Muscat.   As per the deal, Savills

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