Thursday 26 April 2018

UDC launches new luxury island project in Doha

Qatar-based United Development Company (UDC) has launched its new 400,000-sq-m luxury project, Gewan Island, featuring residential units, entertainment facilities, retail outlets, restaurants and cafes within a vibrant, modern and integrated community. The island, which is locate


Al Hilal Group terminates media deal with Mepec organiser

Al Hilal Group, the publisher of Oil & Gas News and a number of leading pan-regional trade publications in the GCC, has terminated its media relationship with ME3, the organiser of the Middle East Process Engineering Conference (Mepec) held in Bahrain every two years.


Emaar Properties declares $272m dividend

Dubai-based real estate developer Emaar Properties has approved the distribution of Dh1 billion ($272.25 million) as dividend to shareholders, representing 14 per cent of the share capital being 14 fils per share at the company’s 22nd Annual General Meeting (AGM) in Dubai, UAE.


Miral's plans on track to develop Yas Island as tourist hotspot

Miral, the creator of destinations in Abu Dhabi, is showcasing all its existing and upcoming developments on Yas Island at Arabian Travel Market 2018 (ATM). 2018 marks an important year for Miral as Yas Island celebrates its 10th anniversary and looks ahead to welcome the opening


Nakheel awards $162m construction contract for mall

Dubai-based master developer Nakheel has awarded a contract worth Dh595 million ($162 million) for the construction of Nad Al Sheba Mall, its new, 1.4 million-sq-ft shopping, dining and entertainment destination. The new destination has a total development value of Dh825 million,


Scientechnic seals partnership deal with Swiss cable firm

UAE-based Easa Saleh Al Gurg Group said its flagship company Scientechnic has partnered with Datwyler Middle East for the exclusive distribution of its fire cables in the region. The Swiss manufacturing company provides system solutions and services for future-proof ICT networks,


Manazel in deal to develop three new UAE projects

Abu Dhabi developer Manazel Real Estate has signed an agreement with Tasameem Real Estate to develop three new projects in the UAE at Yas Island (Abu Dhabi), Dubai Silicon Oasis and Jumeirah Village Triangle (JVT). With a cumulative investment exceeding Dh500 million ($136 millio


Eagle Hills releases Fujairah Beach villas for sale

Eagle Hills, an Abu Dhabi-based private real estate investment and development company, has released eight exclusive villas for sale at Fujairah Beach ahead of the development’s December 2019 completion date. Fujairah Beach is a luxury complex unlike anywhere else in Fujair


Siemens to add 700MW to Iraq power plant

Germany-based Siemens has won a contract to add 700 megawatts (MW) to the Rumaila Gas Power Plant in Iraq, which currently has a power generation capacity of 1500 MW. Siemens will supply its highly-efficient SST-5000 steam turbines, ensuring the additional power supply comes at n


Abu Dhabi's $1.2bn Reem Mall on track for 2020 opening

Al Farwaniya Property Developments, the developer behind Reem Mall – Abu Dhabi’s latest retail, leisure and entertainment destination, said work is progressing well on its ambitious $1.2-billion project. The news comes after a $457-million senior credit facility was s

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