Thursday 5 May 2016
 
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Qatar, UAE among top nations for infrastructure investment

Qatar and the UAE rank the second and third most attractive countries for infrastructure investment across the globe despite low oil prices hindering such investment, says a key report from Arcadis, a leading global design and consultancy firm. Nations with secure business environments

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Jeddah sees real estate market slowdown

The Saudi city of Jeddah has witnessed a general slowdown across all its real estate sectors in the first quarter due to demand-supply mismatch and the country’s overall macroeconomic scenario, according to a report. The existing demand-supply mismatch is expected to widen

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Dubai’s office market posts solid growth in Q1

The office market in Dubai, UAE, continues to see strong demand for good quality, efficient, and well located accommodations, resulting in declining vacancy rates in key sub-markets, according to global real estate consultancy firm CBRE. In Tecom and Dubai International Financial

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Veolia wins first Oman waste management contract

Veolia, a global leader in optimised resource management, said the company has secured its first waste management contract in Oman in partnership with its local partner Al Ramooz National. The contract was awarded by be’ah (Oman Environmental Services Holding Company) to ma

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Karcher posts double-digit Mideast growth

Karcher, a world leader in innovative cleaning technology solutions, has recorded double-digit sales growth in the Middle East region in 2015, despite difficult market conditions, mainly through expansion of its products and services into various other industries. The company, wh

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Public-private partnership 'key to Saudi vision'

Creating a successful partnership between private sector investors and the government will be the critical factor in shaping Saudi Arabia’s development over the coming five years, according to a new research report. Under the ambitious reform agenda being driven by Deputy C

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Saudi builder Binladin cuts 77,000 jobs

Major Saudi Arabian construction company Saudi Binladin Group has laid off about 77,000 foreign workers and plans to cut thousands of jobs held by Saudi nationals, a local newspaper reported on Monday. Binladin has issued 77,000 final exit visas to foreign workers so that they ca

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Dubai to open world's largest materials library

Dubai is set to open the largest materials library in the world, the D-Town, this year, said a report. The pioneering project will be the first in the world accessible to both design-related industries and the public, according to state news agency Wam. Th

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Riyadh to seek UK, France, China help in building homes

Saudi Arabia's government has authorised the housing ministry to seek the assistance of Britain, France and China in building hundreds of thousands of homes to ease a shortage of affordable housing in the kingdom. The housing minister and his deputy were given the power to si

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Majid Al Futtaim to boost investment in Oman by $1.8bn

Majid Al Futtaim, the leading shopping mall and leisure pioneer across the Mena (Middle East and North Africa) region will increase its investment in Oman by RO515 million ($1.83 billion) by 2020, in addition to the RO190 million ($492 million) already invested since 2001. The co

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