Saturday 25 February 2017

Haulotte plays key role in Jeddah airport project

Haulotte Group, a French aerial work platform manufacturer with key operations in the region, said it has deployed its fleet of hitech equipment and machineries for Saudi government's ambitious King Abdul-Aziz International Airport project in Jeddah. The equipment, including


Dubai group KBW launches Islamic real estate fund

KBW Investments, a UAE-based portfolio group active in key sectors including construction, manufacturing and engineering, has announced the launch of Crestmount Capital, its premier flagship Sharia-compliant real estate investment fund (REIF).   KBW Investments,


Bahrain awards $7m project tenders in January

Bahrain has awarded a total of six tenders worth BD2.7 million ($7.1 million) in January besides inviting bids for tenders for projects related to roads, sanitary work and construction sectors, said a top official. The awarded tenders and tenders for which bids were invited last


Fujairah opens new 33/11 Kv power station

The UAE authorities have launched a Dh29.7 million 33/11 kilovolt power station at Fujairah to ease the load off another three stations in the emirate to ensure sustained flow and efficiency of energy, said a report. This is in line with the Federal Electricity and Water Authorit


Investcorp acquires $400m US residential properties

Bahrain-based Investcorp said its US-based real estate arm has acquired three multifamily housing properties in New York, California, and Nevada for a total purchase price of $400 million. All three properties are located in markets which benefit from robust fundamentals in the m


Dubai Future Academy launches training programme

The Dubai Future Academy has launched its first training programme – the Future Design Diploma – in its Office of the Future in Dubai, the world’s first 3D-printed office. High-ranking executives are set to take part in the 10-day intensive program including exe


Bahrain on fast track with $8.1bn projects

Bahrain is making rapid progress on significant projects with a total worth of more than $8.1 billion, said a senior government official. Shaikh Mohamed bin Khalifa bin Ahmed Al-Khalifa, Minister of Oil, was delivering the keynote address at Bahrain British Business Forum (BBBF)


Dubai residential property prices down 3.72pc in January

Residential property prices in Dubai's rental market fell by 3.72  per cent year-on-year in January due to a sharp drop in both apartment and villa prices compared to the same period last year, said a report. The Dubai Residential Property Rental Price Index for all residentia


GCC set to pump $320bn into power projects

The total value of GCC power projects in the pipeline stands at more than $320 billion at present, of which over $100 billion are linked to the renewable and alternative sources, according to a report. In recent years, the interest in renewable energy across the GCC has been on t


Dewa’s Smart Centre gets good response

Dubai Electricity and Water Authority’s (Dewa) said its Smart Centre has achieved remarkable results with growth in smart adoption surging from 64 per cent in 2015 to 70 per cent last year. The Smart Centre was launched as part of the Customer Happiness Centre and aims to i

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