Wednesday 18 July 2018

ENBD REIT names senior portfolio manager

ENBD REIT (CEIC) Limited, a shari'a-compliant real estate investment trust based in the UAE, has announced that Ben Coombe is stepping down as the senior portfolio manager after nearly 10 years with the team. Coombe will hand over the position to Melanie Fernandes, an industr


Raimondi cranes deployed at Emaar project sites

Abu Dhabi-based Nurol Construction Company has taken delivery of five Raimondi cranes - two LR213s and three MRT294s - for deployment in the UAE. These cranes are already at work in two of Emaar's projects - Dubai Creek Harbour and The Cove, said a statement from Raimondi.


Nakheel announces opening of key phase of $109m road project

Master developer Nakheel has announced the opening of Phase One of a Dh400-million ($109 million) roads scheme being developed by Dubai's Road and Transport Authority (RTA) at International City. The project, funded by Nakheel to the tune of Dh201 million, will help improve traffic


Falcon Cement's 2017 revenue up 56pc

Falcon Cement Company (FCC), a leading integrated cement producer in Bahrain, said despite challenging market conditions and competition, it had achieved solid growth in its sales and market share.    Announcing the results at its annual general meeting (AG


Emirates Float Glass achieves key safety milestone

Emirates Float Glass (EFG), a wholly-owned subsidiary of leading diversified investments company Dubai Investments, has achieved a major safety milestone clocking one million man-hours without loss time injury for the second time in its history.   Set up in 2009


RTA inks Dubai road upgradation contract

Dubai's Roads and Transport Authority (RTA) said it has awarded a contract for the upgradation of Al Qudra-Jebel Ali Lehbab Roads Junction to a multi-tier flyover providing free traffic movement in all directions.    The project encompasses the construc


Azizi awards $156m Dubai flagship project contracts

Azizi Developments, one of the leading private developers in the UAE, has awarded a Dh572-million ($156 million) deal to Majed Hilal Contracting for the development of Phase Four of Azizi Riviera in Meydan One.    It is the flagship project of Azizi Develop


Kuwait awards $61m airport terminal expansion contract

Kuwait has awarded a KD18.6 million ($61 million) contract for the development of its new passenger terminal (T2) at Kuwait International Airport, reported Kuna.   Minister of Public Works and Minister of State for Municipal Affairs Hussam Al Roumi sign


Bechtel launches new programme for Saudi women

Bechtel, a global leader in engineering, procurement and construction, has launched a pioneering women's empowerment programme in Saudi Arabia.    Working with Al Khaleej Training and Education organisation, Bechtel through the programme aims to increas


UAE to promote community plantation

His Highness Sheikh Mohammed bin Rashid Al Maktoum, the UAE Vice President, Prime Minister and Ruler of Dubai, has issued a Cabinet resolution on community plantation and agriculture.   According to the new resolution, the Ministry Of Climate Change and Environm

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