Sunday 19 August 2018

Abu Dhabi replaces 4,096 speed control panels in record time

The Abu Dhabi City Municipality has announced that it has completed replacing more than 4,000 speed control panels in Abu Dhabi roads in a record time with the able support of Abu Dhabi Police. The project comes as part of the new law which has abolished the speed buffer system e


KFED 'provided funding for 1,364 projects in 2017'

Khalifa Fund for Enterprise Development (KFED) said the number of projects funded by the UAE-based group rose to 1,364  last year, of which around 27 per cent were industrial projects. Since its establishment in 2007, the fund has been providing financial and moral support t


Top Kuwaiti developer NREC's operating revenue up 46pc

Kuwait-based National Real Estate Company (NREC), a leading real estate developer with a major presence in the region, said its total operating revenue surged to KD14.02 million ($46 million) for the first half up 46.05 per cent over the same period last year. Announcing the resu


Emaar Development net profit surges 68pc to $496m

UAE-based Emaar Development has reported a net profit of Dh1.82 billion ($496 million) for the first six months of 2018, up 68 per cent compared to Dh1.08 billion ($294 million) for the same period last year.   A build-to-sell property development business majority-owned by D


BuroHappold's UAE project vies for top global award

BuroHappold Engineering, an international, integrated engineering consultancy services group, said one of its structural engineering works for a UAE project - Louvre Abu Dhabi - has been shortlisted for the coveted IstructE awards in two categories - in the ‘Structural Artistry’ and


Spanish hotel chain to open Dubai property next month

Spanish-based Barceló Hotel Group is set to open a new hotel in Dubai Production City (IMPZ) this September, a report said. Occidental IMPZ Dubai, Conference and Events Centre will be the group's frist Occidental property in the emirate and will focus on creating stays


Dubai eyes more solar rooftop panel installations

Dubai government has announced plans to install solar rooftop panels on buildings and residential villas across the emirate following the success of its flagship Safaqat project, whereby 640 villas were retrofitted with photovoltaic panels in the Hatta region. Safaqat (Arabic for


Petrofac wins gas wells contract in Bahrain

Petrofac, a leading global provider of oilfield services, has been awarded a multi-million-dollar additional scope of work for gas wells in Bahrain from Tatweer Petroleum. The company’s Engineering & Production Services East business recently installed a 500 MMSCFD Gas


Construction disputes being resolved quickly now, says study

Ongoing liquidity issues within the Middle East construction market have resulted in a steady flow of claims being submitted as contractors take a tougher approach to entitlements, however the industry continues to make progress in resolving them more swiftly, said a report from leading global


Kleindienst launches 'palaces' on Dubai's Sweden Island

Kleindienst Group, developer of The Heart of Europe, a cluster of six islands on The World in Dubai, today unveiled the first Sweden Beach Palace at Sweden Island.   A tour was led by Josef Kleindienst, chairman of Kleindienst Group, who showcased the ultra-high

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