Wednesday 28 January 2015

'New challenges ahead' for Dubai property investors

With the cooling of the real estate market since the middle of last year and the rapid fall in oil prices over the last few weeks, it could be interesting times ahead for Dubai's investors, said JLL chief executive officer Alan Robertson. He was speaking at a panel discussion held


New GM for Honeywell Building Solutions in Qatar

Honeywell Building Solutions (HBS) has appointed Youssef Fraiwat as its general manager for Qatar.   Fraiwat will be based in Doha and will concentrate on working closely with customers and end-users, enabling stakeholders to have direct access to Honeywell’s wide-range


Bahrain braces for new real estate regulations

Early next month, the government of Bahrain is expected to introduce new obligatory tenancy registration procedures, which will aid in the maturing of the market, however the proposed rent increases at renewal threaten to obstruct the residential and commercial markets, which have both only rec


Abu Dhabi residential sales prices to remain stable

The prime average residential sales prices in Abu Dhabi, UAE, are expected to remain stable during 2015 as the demand softens and annual supply gets reduced significantly, said a report. The underlying fundamentals remain strong in the real estate market of Abu Dhabi despite the


Qatar utility firm's Q4 net profit up 9.3pc

Qatar Electricity and Water Company (QEWC), the country's monopoly utility firm, reported a 9.3 per cent rise in fourth-quarter net profit on Monday, according to Reuters calculations, beating analyst expectations. The state-run utility made a profit of QR360.5 million ($99 m


Al Areen developers in plea for licences

Several Kuwaiti real estate investors are facing difficulties in obtaining the required licences to start their commercial and housing projects as part of Al Areen development project in the Southern Governorate in Bahrain. They said they had finalised the acquisition and contrac


Nass Corp to unveil new range of products

Nass Corporation, Bahrain’s diverse conglomerate with synergistic divisions and subsidiaries that together create a one-stop-shop catering to the full spectrum of industrial sector needs, will be showcasing its range of services and products at the Gulf Industry Fair 2015.


4,000 new apartments coming up in Jebel Ali

About 4,000 new apartments will be coming up in the next three years at Jebel Ali in Dubai, UAE, amid a major development push from regional players such as Nakheel and Damac, according to a report. Tenders for these new apartments are expected to be issued by the end of March, r


Johnson Controls to supply chillers to Kuwait varsity

US-based Johnson Controls, a global multi-industrial company, will supply 36 energy efficient York centrifugal chillers for Kuwait University’s Shadadiyah Campus. The six-million-sq-m campus is designed to be one of the most energy efficient campuses in the world, home to 4


Kuwait company awarded Iraq airport project

Kuwait-based Al-Nasriyah Company has signed an agreement with Iraqi National Investment Commission (NIC) for the development of a new cargo airport in Diwaniya governorate of Iraq at a cost of $1.35 billion, said a report. The new airport, which will be spread over an area of 17,

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