Monday 17 June 2019

UK group Ineos to build $5bn chemical plants in Saudi Arabia

Ineos, a leading manufacturer of petrochemicals, specialty chemicals and oil products, has signed  agreements with state oil giant Saudi Aramco and French energy major Total to build three new plants in Jubail region of Saudi Arabia. These world-scale plants, to come up in t


Bahrain to build region's biggest water sports facility

Bahrain is working on an ambitious plan to build the region's biggest water sports and maritime facility in the kingdom, said a report. Land has already been earmarked for the project at Salman Town, a major urban development on the country’s north coast, reported the


Saudi LED lighting market set for 9pc growth: study

Saudi Arabia’s LED lighting market is anticipated to grow registering a compound annual growth rate (CAGR) of close to nine per cent during 2018-2023, a report said. The growth rate is expected to slow down initially due to the expected changes in lighting regulations in th


Dubai's real estate transactions value tops $9.25bn

The value of the total real estate transactions in Dubai surged to more than Dh34 billion ($9.25 billion) during the first five months of 2019 from Dh24 billion last year, according to Dubai Land Department (DLD).   The value of residential and commercial apartm


Sharjah's water production hits 37bn gallons in 2018

The amount of water produced in Sharjah during 2018, reached more than 37 billion gallons of water, according to the latest statistics issued by the Sharjah Electricity and Water Authority (Sewa).   The statistics also revealed that the biggest share of water co


Dubai set for region's debut Constructsteel Conference

Leading professionals from the global steel construction sector, including 100 international steel manufacturers, will discuss the discuss current market opportunities and key industry challenges at the Constructsteel Conference which kicks off in Dubai this month.  


Seef Properties gives the gift of joy this Eid

Seef Properties, a leading real estate development company in Bahrain, recently launched a corporate social responsibility (CSR) campaign, in collaboration with the Royal Charity Organization (RCO), treating several orphans aged 5 – 12 to a day out at Seef Mall. The social


Doha Mall to open in 2020 with 250 stores

Qatar's Doha Mall, managed and operated by Al Mana Malls, is expected to open in 2020 with more than 250 retail stores. The mall will also become home to the newest Lulu Hypermarket concept as its first major anchor tenant. The celebrated retail chain store will boast more than 35,


Stalled Amwaj Gateway auctioned for $38.7m

Amwaj Gateway, a beachfront project in Bahrain that has been stalled for a long while, has finally been auctioned off to local investment firm Esterad for BD14.7 million ($38.7 million), said a report in Gulf Daily News, our sister publication. For more details, ple


Ramadan property sales in Dubai steady last 4 years

Real estate transactions in Dubai during Ramadan have been consistent for the past four years, said Property Finder, a pioneering real estate portal in the Mena region in a new report. In 2015, 13 per cent of the overall property sales transactions in the Dubai market were during

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