Friday 9 October 2015

Dubai apartment prices down 11pc, to drop further

The apartment prices in Dubai, UAE, have fallen 11 per cent in the past one year and will decline further because of tighter regulations, rising inflation and a strong UAE currency, said a report. Inflows of cash from troubled areas of the Middle East helped Dubai's property sector


Oman to float tender to develop water desalination plants

Oman Power and Water Procurement Company (OPWP) is set to float a prequalification tender to build several new water desalination plants across the sultanate, according to a report.   It will include one each in Salalah and Sharqiyah regions, said the Times


Nakheel unveils key projects at German expo

Leading regional developer Nakheel is showcasing its major projects and meeting potential new investors at the 2015 Expo Real, a global trade fair for property and investment, being held in Munich, Germany. The expo, which opened at the New Munich Trade Fair Centre on Monday, con


Top firms in race for 200 MW Egypt solar plant

A total of 44 companies are in the race to prequalify for a 200 MW solar power plant project in Egypt which will be set up on a build-own-operate (BOO) basis, said a report. All of them have obtained the tender conditions for the project proposed by the government, reported the


Bids invited to complete key Bahrain project

Potential investors have been asked to submit bids to buy and complete the long-stalled Marina West development in Bahrain. It is welcome news for hundreds of people who bought property off-plan at the site, located on the Janabiya Highway, where work ground to a halt in 2010, said a report i


Arabian Construction celebrates safety milestone

UAE-based Arabian Construction Company (ACC) achieved a key safety milestone by clocking six million LTI (Lost Time to Injury) free hours at its prestigious Sky Views construction site in Dubai. Celebrating the feat, Mohammad Bidad, Group Health, Safety and Environment (HSE) mana


Abu Dhabi airport terminal building on track

Abu Dhabi Airports said work is progressing well at its midfield terminal building (MTB) in the UAE emirate and the project will be 70 per cent completed by the end of this year. On completion, the MTB will become the largest singular building in Abu Dhabi, and one of the region&


Kuwait mall launches massive expansion project

Kuwait-based Tamdeen has started expansion of its iconic 360 Mall which on completion will see the development of retail and entertainment space and multi-purpose indoor sports and entertainment facilities in addition to a five-star hotel. The mall is owned by a subsidiary of Tam


Oman airports operator plans ambitious expansion

Oman's airport operator wants to earmark a large area of land to develop aviation facilities, including a maintenance hub and free trade zones, as the country seeks to reduce its dependence on oil, an aviation official said. Salem Al Yafaey, general manager of Salalah Airport


Oryx Piping selects Epicor ERP solution

Epicor Software Corporation, a global leader in business software solutions, has announced that Dubai-based Oryx Piping Associates has chosen the next-generation enterprise resource planning (ERP) solution – Epicor ERP version 10. Oryx Piping Associates, a top supplier of c

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