Thursday 2 July 2015

Dubai to build 400 solar-powered bus shelters

Dubai's Roads and Transport Authority (RTA) has announced plans to construct 400 solar-powered air-conditioned bus shelters across the UAE emirate under the second phase of its ambitious project. The project encompasses the construction of both air-conditioned and non-air-con


Qatar to boost awareness on construction standards

Qatar General Organisation for Standardization (QS) has signed an agreement with ASTM International, a leading US-based standards development organisation, to boost standards and enhance awareness of international standards in the building and construction sector. Under the lates


CPI designs data centre for Abu Dhabi hotel

Chatsworth Products, Inc (CPI), a global manufacturer of IT infrastructure and equipment, said it has completed the design work for an eco-friendly data centre to be set up at the Regents Emirates Pearl Hotel in Abu Dhabi, UAE.   For the project, the company teamed up with At


Airbnb closes in on $1.5bn fundraising

Online home-rental marketplace Airbnb Inc is closing on a $1.5 billion fundraising that would boost the company's valuation to $24 billion, the Financial Times reported. The financing is set to be led by US private equity firm General Atlantic, Beijing-based investme


Action likely over telecom tower at Bahrain development

Legal action could be taken over a telecom tower being erected at a luxury housing development in Bahrain. It was reported last week that work was halted on one tower at the East Lagoon estate at Riffa Views by the Southern Municipality, which issued a notice stating that the req


Emaar's Egyptian unit IPO heavily subscribed

The second tranche of Egyptian property company Emaar Misr's initial public offering (IPO) was oversubscribed by about 36 times, the Cairo stock exchange said on Thursday. The listing is expected to be the largest flotation on the Cairo exchange since 2007. Ema


Egyptian Resorts Company to build solar station

The Egyptian Resorts Company (ERC) has signed a 27-year contract with KarmSolar company to build a solar station in Hurghada region at an investment of $2.5 million, said a report. The 2MW solar station will be constructed on 50,000 sq m area at Sahl Hasheesh, a commercial and re


Saudi firm seals Nahdi FM services deal

Saudi Arabian group SureFix has signed an agreement with Nahdi Medical Company, one of the largest retail pharmacy chains in the Middle East and North Africa (Mena) region, to offer facility management (FM) services at its office headquarters in Jeddah. The company's move int


Dubai office property launches stay low

Only four per cent of new property launches in Dubai, UAE have been in the office segment, according to a bivariate analysis of launches between residential and commercial units.  Developers have not yet focused on the commercial domain, due to the lingering effects associat

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