Sunday 20 October 2019

DGC buys 50pc stake in Bahrain interior design group

Dividend Gate Capital (DGC), a Bahrain-based private equity firm, said it has signed an agreement to partner up and acquire 50% of Solara Joinery & Interiors Company, a leading carpentry headquartered in the kingdom.   Established in 2015, Solara caters to t


Musanada completes $187m Abu Dhabi housing project

Abu Dhabi Housing Authority and the Abu Dhabi General Services Company (Musanada) have announced the completion of a Dh687 million ($187 million) residential project featuring 300 villas in Al Ain City.   The Al Hayer residential project was inaugur


Ewec, Acwa Power seal $868m Abu Dhabi desal plant deal

Emirates Water and Electricity Company (Ewec) and ACWA Power, the leading Saudi-based developer, investor and operator of power generation and desalinated water plants, have confirmed the successful financial closing of the world’s largest reverse osmosis desalination plant. 


Guardian Glass unveils solar control glass range for MEA market

Guardian Glass, a leading industrial manufacturer of glass, automotive and building products based in Michigan, US, has introduced three new coated solar control glass products for the Middle East and Africa market. All of these products offer enhanced aesthetics, as well as excellent


Kuwait approves new Entertainment City project

Kuwait Municipal Council has given approval to a major leisure and amusement project which will come up over a 2,650 sq m area in the capital city, reported state news agency Kuna. On completion, the Entertainment City will be a major touristic landmark in the country, i


Oman's real estate deal values hit $449m in September

The value of traded real estate contracts across Oman during September stood at more than RO173.3 million ($449 million), while the collected fees amounted to over RO6.07 million ($15.7 million), reported Oman News Agency, citing a senior official. The real estate activi


India’s 30pc super-rich planning big real estate investment

Nearly 30% of high net worth (HNW) individuals in India are expected to invest in real estate in the next three years, according to a new report released by the financial news site LearnBonds. India’s GDP is also expected to double in the next four years, which would undoub


Pioneer Cement to set up $200m plant in Georgia

The UAE-based Pioneer Cement Industries, part of Oman-based Raysut Cement Company (RCC), is in the process of setting up a 1.2 million tonnes per annum capacity integrated cement plant in Georgia.   The value of the project is estimated at $200 million.


Oman's all-women residential complex to be ready by 2021

Oman-based Myriad and Strategic Housing Group (SHG) said the work is in full swing on its all-women off-campus residential and retail complex located along Muscat Expressway and the project is expected to be ready by 2021. The property, Myriad, Muscat is in close proximity to Sul


ABB to unveil Digital Powertrain solutions at Wetex

ABB, a global technology leader, is set to unveil integrated one-stop monitoring for digital Powertrain at the upcoming Water, Energy, Technology and Environment Exhibition (Wetex 2019).   The region’s largest Sustainability & Renewable Technology Exhi

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