Wednesday 4 May 2016

Dubai Parks and Resorts launches rights issue

Dubai Parks and Resorts, a leisure and entertainment destination coming up on a 16-million-sq-ft area in the UAE, on Wednesday began trading its shares on Dubai Financial Market (DFM). The rights issue, which will be free-floated on the inaugural day only, is part of the company&


Sobha unveils luxury villas at Dubai development

Sobha Group, the leading luxury real estate developer, has opened two luxury show villas at its eight million-sq-ft Sobha Hartland project to the public for the first time. Sobha Hartland Estates, an exquisite freehold community will entail a range of ultra-contemporary villas an


BASF, Kanoo jointly open new Abu Dhabi branch

BASF, the world's leading chemical company and a major supplier of materials to the construction industry, has joined hands with its regional partner Kanoo Group, one of the largest independent, family-owned companies in the Gulf region, to open its new branch office in Abu Dhabi.


Nass Commercial hosts technical seminar

Nass Commercial, a trading and service support arm of Nass Corporation and the authorised distributor of Massey Ferguson Power Series Generators, recently held a regional technical seminar for its clients and contractors in Bahrain. The event was aimed at fostering greater intere


ACC wins Downtown Dubai tower contract

UAE-based Arabian Construction Company (ACC) said it has won a major contract to build Boulevard Point, a prestigious 63-storey residential tower in Downtown Dubai. The new tower will be situated next to Fountain Views, for which ACC won the contract in 2014 and will be the compa


Empower awards Dubai district cooling deal

UAE-based Emirates Central Cooling Systems Corporation (Empower) awarded a major contract to expand its production capacity in the Tecom-C area of Dubai, UAE. One of the world’s largest district cooling services providers, Empower said the contract will add up to the compan


Aabar to build 6,000 housing units in Abu Dhabi

Aabar Properties, a subsidiary of International Petroleum Investment Company (Ipic), is constructing 6,000 units across Abu Dhabi, UAE, said a report. Of these, some have been completed, while others are in various stages of construction, reported the Gulf News, citing a


Truck Oman to set up logistics centre in Duqm zone

Truck Oman Projects and Oilfield Services Company has signed an agreement with the Special Economic Zone Authority of Duqm (Sezad) to set up an integrated logistics centre. The logistics centre to be constructed on land within the zone will include warehouse offices, maintenance


Meraas to open Italian-style upscale mall in Q3

Meraas, a Dubai-based holding company, is set to open The Outlet Village, an upscale shopping destination with picturesque architecture, in the third quarter. Located adjacent to Dubai Parks and Resorts and within easy reach of Dubai and Abu Dhabi, The Outlet Village will offer d


Green Valley plans $300m villa project in Morocco

The UAE-based Green Valley Real Estate is set to develop a key residential project in Marrakech, Morrocco, at an investment of 3 billion Morrocan dirhams ($300 million), said a report. The upcoming City of Green Valley Marrakech will come up on a 410,000-sq-m area featuring more

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