Sunday 31 August 2014

Saudi warning on mid-day work ban violations

Saudi labour officials have warned tough action against those who defy the mid-day work ban after 78 companies were found violating the rule during a surprise raid in the Eastern Province, said a report Officials from the ministry's inspection department in the Eastern Provin


Saudi builder wins $184m university contracts

Major Saudi Arabian construction firm Abdullah Abdul Mohsin Al Khodari Sons Company said it has won three contracts from the Ministry of Higher Education worth a total SR689 million ($184 million). Al Khodari will build facilities at Taibah University for SR374 million and at Nor


GCC states to pump $9.5bn into new hospital projects

Gulf countries are likely to invest about $9.53 billion on new hospital projects and for upgradation of the medical facilities by the year end, up 25 per cent over 2013, said a report. Saudi Arabia is among the GCC countries forecast to triple healthcare expenditure across the re


DI units ride high on Mideast construction boom

Dubai Investments (DI) has clinched significant orders and projects for 18 of its subsidiaries involved in the manufacturing of building materials and construction products. A leading investment company listed on the Dubai Financial Market, DI said its subsidiaries such as Glass,


Nakheel names consultant for Jumeirah mall

Dubai developer Nakheel has named Dar Al-Handasah as the engineering consultant for its upcoming two million sq ft shopping, dining and entertainment hub at Jumeirah Village Triangle (JVT). The mall, one of several in Nakheel’s growing retail project portfolio, will be buil


SEC plans massive power boost for Riyadh

State-run utility Saudi Electricity Company (SEC) plans to bring online more than 4,750 megawatts of natural gas-fired generating capacity in Riyadh between 2015 and 2017, the company said on Sunday. One power plant there, known as PP10, will have an additional 1,150 MW unit oper


Cleveland Clinic seals big lease deal with Aldar

Cleveland Clinic Abu Dhabi said it has reached an agreement with top UAE developer Aldar Properties to take 607 apartments on lease for its employees. The leased units are at the Gate Towers development on Al Reem Island and the Al Rayyana development in Khalifa City. Co


Kuwait real estate sales down 37pc

The real estate sales in Kuwait fell 37 per cent year-on-year (y/y) in July  to KD268 million ($941 million) compared to last year, according to a report. The sales plunged by 49 per cent compared to June, which was a record month, stated the National Bank of Kuwait (NBK) in


Aldar inks Abu Dhabi hospital lease deal

Abu Dhabi-based Aldar Properties said it has signed an agreement to lease 607 apartments to Cleveland Clinic Abu Dhabi for the hospital’s employees. The leased units are at the Gate Towers development on Al Reem Island and the Al Rayyana development in Khalifa City.


JLL to manage Dubai Metro retail units

Dubai's Road and Transport Authority (RTA) has roped in top real estate investment and advisory firm JLL for the leasing and on-going management of the retail locations at the Red and Green line metro stations. Commenting on the deal, Andrew Williamson, the head of retail at JLL, s

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