Saturday 1 November 2014

Qatar Rail shares insight on security measures

Qatar Railways Company took part in the Milipol 2014, a leading trade exhibition dedicated to internal state security in the region, to share expertise on security procedures in the rail industry and exchanged insight on the internal security challenges and concerns. Its presence


Qatari developer UDC posts 11pc Q3 growth

Qatar-based United Development Company (UDC) has registered a net profit of QR559 million ($153 million) for the third quarter, up 11 per cent over QR505.8 million ($139 million) for the same period last year. A leading Qatari public shareholding company and the master developer


Jordan's Housing Bank profit up 14.5pc

Jordan's Housing Bank for Trade and Finance reported on Sunday a 14.5 per cent rise in net profit for the first nine months of the year to JD90 million ($127 million), on the back of robust growth in its core business. The bank gave no figures for third-quarter net profit.


Aldar’s new residential towers fully leased

Aldar Properties, Abu Dhabi's leading listed property development company, has announced that two of its new residential towers on Al Reem Island are fully leased after being on the market for just under a year. The Gate and Arc Towers development located in the landmark dist


Lebanon's real estate transactions hit $6.7bn

Lebanon has registered real estate transactions worth $6.7 billion in the first nine months of 2014, up 10.6 per cent over $6 billion during the same period last year, said a report. A total of 795 real estate transactions had been executed by foreigners during the period, accoun


Dubai to open 14-km Jumeirah Corniche

Dubai's Roads and Transport Authority (RTA) is set to fully open the Jumeirah Corniche stretching 14 km at the beach overlooking six residential communities starting from the backyard of the Dubai Marine Beach Resort up to Burj Al Arab Hotel, on Sunday (October 26). The corni


Majid Al Futtaim to build $683m Mall of Egypt

Majid Al Futtaim is set to invest 4.9 billion Egyptian pounds ($683.4 million) in the construction of the Mall of Egypt. Top government officials including Ibrahim Matlab, Egyptian Prime Minister along with Ashraf Salman, Ministry of Investment and Dr Mostafa Madbouli, Minister o


Samsung wins $600m Turkey power plant deal

Samsung C&T Corp has won a 630 billion won ($597 million) order to build a power plant in Turkey from Saudi Arabia's ACWA Power International. The South Korean builder said in a statement the construction of the gas combined cycle power plant in the Kirikkale region in Tu

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