Saudi Arabia’s cement sector saw sales remain broadly stable year-on-year in August, but monthly volumes edged lower as weaker exports offset modest growth in the domestic market, according to an Al Rajhi Capital sector update.
Qassim Cement Company has signed a share sale and purchase agreement to acquire 100% of A-Mix Company, a Saudi closed joint-stock company engaged in the production and sale of ready-mix concrete, for SAR65 million ($17.3 million).
Gamra Mountain Resort by Mantis has officially opened in Saudi Arabia’s southwestern highlands of Al Baha, marking the Saudi debut of Mantis Collection, Accor’s community and conservation-focused hospitality brand.
Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, said its Jumeirah Beach Hills (JBH) District Cooling Plant has been awarded LEED Gold certification by the US Green Building Council.
RAK Properties has partnered with Rakbank to bring a first-of-its-kind financing solution designed to make off-plan property ownership more accessible and rewarding for customers.
Azizi Developments, a leading private developer in the UAE, is set to unveil Azizi Florence, an AED30 billion ($8.17 billion) master-planned community in Sharjah, on Thursday.
Global programme manager Turner & Townsend has appointed Leila Taghavi as its new Head of Infrastructure in Saudi Arabia, as the business benefits from a rise in major programmes across the Middle East driven by national plans for transformation.
Saudi Arabia's Real Estate General Authority (REGA) has announced that it will begin registering properties in part of the Rie Dhakher neighbourhood in the Makkah region starting from September 13, with the registration window running through December 17.
The UAE has amended certain provisions of the Executive Regulation of the Federal Decree-Law on Value Added Tax (VAT), as part of its ongoing efforts to further develop the UAE's tax system to enhance tax transparency, improve the efficiency of implementation, and further align the VAT system with international best practices.
Savills has strengthened its international residential investment platform with the appointment of Greg Stockton as International Head of UK Investment Sales and Distribution, based in Dubai.
