Tuesday 3 March 2015

Azizi to showcase key projects at Abu Dhabi malls

Azizi Developments, a leading UAE-based property developer, is set to display its competitive projects at two leading malls in Abu Dhabi - Ibn Battuta and Marina Mall Abu Dhabi. The move is part of the company’s dynamic marketing strategy aimed at promoting its latest devel


Kuwait to award $47bn infrastructure projects

Kuwait is set to award about KD14 billion ($47.2 billion) worth of projects this year, almost double the value of contracts awarded in 2014 in line with its strategy to develop the country's infrastructure, according to a report. Last year, Kuwait had awarded KD7.3 billion ($25 bil


Dubai residential prices fall as demand dwindles

The residential prices in Dubai during the first six weeks of the year have decreased compared to the previous quarter as international demand dwindles, according to a report. The Phidar Advisory’s first quarter mid-quarter Dubai residential research note said that apartmen


Samsung’s line-up abides by Saudi energy efficiency rules

Samsung Electronics, a home appliance innovator, has unveiled its 2015 line-up of home appliances that adheres to specific requirements stated by Saudi Arabia Standards Organisation (SASO) regarding energy efficiency while providing the ultimate home experience. It has focused on


UAE industrial rents post solid growth

The industrial property sector in the UAE witnessed robust growth over the last 12 months, with the rents soaring to a new high largely due to limited, quality industrial accommodation, said a report. The emirate of Dubai continues to position itself as a premier global integrate


Egypt to build 200-m-high pyramid skyscraper

Egypt has unveiled plans to build a 200-m-high pyramid skyscraper, Zayed Crystal Spark, on an 798,000 sq m area at Sheikh Zayed City in Cairo. The upcoming development - a mix of government, commercial, and entertainment space - will be constructed through a public/private partne


Oil plunge likely to hit Dubai property market

The fall in crude oil prices is likely to impact the real estate sector in Dubai, UAE, according to property expert JLL. The drop has coincided with the strengthening of the dollar against major currencies and – pegged to the greenback – the UAE dirham has also made D


GE Lighting unveils new organisational structure

GE Lighting has announced its new organisational structure for the Middle East, Africa and Turkey (Meat) region with a focus on enhanced customer service delivery and promoting sustainable lighting solutions. The new organisational structure shifts from managing geographies to fo


$3.6bn Oman plastics project bids seen by year-end

The $3.6 billion Liwa Plastics Project, which aims to manufacture polyethylene for the first time in Oman, will invite bids for the construction of the project by the end of this year in order to commence operations by 2018, a report said. The project, launched by Orpic (Oman Oil


GCC developers to unveil big projects at Cityscape

More than 50 of the Gulf region's leading real estate developers and brokers will be showcasing their projects at the upcoming Jeddah Urban Development and Real Estate Investment Event (Cityscape Jeddah). The event will be taking place for the sixth time at the Jeddah Centre

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