Saturday 21 January 2017

Dewa signs co-op deal with French electricity company

Dubai Electricity and Water Authority (Dewa) has signed a memorandum of understanding (MoU) with the French electricity company (Électricité de France) to enhance further co-operation and facilitate exchanging of expertise in areas of mutual interest. It supports De


Aldar's residential projects on track for 2017 launch

Aldar Properties, a leading real estate developer in Abu Dhabi, UAE, has made steady progress across all its projects, with Yas Island’s Ansam and Al Raha Beach’s Al Hadeel moving closer towards completion and handover in 2017. Giving an update across its development


Masdar seals 'green' desalination technology deal

The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, has signed a research collaboration agreement with Korea University to develop energy-efficient desalination technologies in the UA


Majaal leads industrial facilities sector at Gulf Industry Fair

Majaal Warehouse Company, a major operator of industrial facilities in Bahrain, will lead the Industrial Facilities Sector at the upcoming Gulf Industry Fair 2017 (GIF). Gulf Industry Fair, the Northern Gulf’s leading annual industrial expo, takes place from February 7 to 9


Dubai's residential rental rates down in Q4

The residential sector in Dubai, UAE, experienced further modest declines in rentals during the fourth quarter of 2016, with a one per cent dip in average leasing rates recorded, according to the Dubai Annual Market Update Report by global real estate advisor, CBRE. During 2016,


Dubai waterfront projects driving yacht, boat sales

Major waterfront projects in Dubai turning the UAE into the next global leisure marine destination can drive super yacht and boat sales in the Middle East, said the event organisers of the upcoming Dubai International Boat Show. The 25th edition of the event running from February


Dubai to start work on $13.6bn solar park Phase 3

The Dubai Electricity and Water Authority (Dewa) and Abu Dhabi’s renewable energy company Masdar will begin construction of the 800-megawatt (MW) Phase Three of the Dh 50-billion ($13.6 billion) Mohammed bin Rashid Al Maktoum Solar Park in Dubai, UAE, at the end of this month following th


Savills partners with Bahraini real estate brokerage

UK-based property firm Savills has signed an exclusive strategic partnership agreement with an award-winning Bahraini real estate brokerage Evolve Real Estate. As per the deal, Evolve will provide its key real estate agency services with Savills Northern Gulf (Bahrain Office), fu


Al Rawahi wins contract to build Sohar Flour Mills

Al Rawahi International, a leading Omani contractor, has been awarded the structural and architectural and external civil and infrastructural works for an upcoming flour mill in Sohar Port, said a report. The civil construction contract was awarded by Sohar Flour Mills, a partner


Kuwait to spend $15.6bn on infrastructure in 2017-18

Kuwait is set to spend about KD4.74 billion ($15.6 billion) on infrastructure and other projects in fiscal year 2017-2018 with the private sector contributing 16.9 per cent of the spend, said a report in a local daily. The projects cover housing, roads, electricity, ports, airpor

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