Wednesday 26 April 2017

Nakheel records $403m net profit in Q1

Nakheel, one of the world’s leading developers, has announced a net profit of Dh1.48 billion ($403 million) for the first quarter of 2017. The Dubai company said the three-month profit was in line with its forecasts. Nakheel has handed over 412 land form and


German group Hightex wins Qatar stadium project contract

Hightex, a leading global membrane construction company based in Bavaria, Germany, said it has secured a stadium contract in Qatar as part of FIFA World Cup 2022 preparations. Hightex, which is 80 per cent owned by international businesswoman Yelena Baturina, will join the contra


Talaat Mostafa wins Egypt capital city project deal

Arab Company for Projects and Urban Development, an affiliate of Egyptian property developer Talaat Mostafa, has been awarded a contract to develop a full-fledged urban project in the country's new capital city over the next seven years, said a report. The company bought a pl


ADFD sees $1.3bn Morocco development projects on track

Abu Dhabi Fund for Development (ADFD) said majority of its development projects worth Dh4.6 billion ($1.25 billion) in Morocco are in their final stages of completion. The ADFD-funded projects, Al Muhammadiyah Port and the Casablanca Port, are about 95 and 82 per cent complete, r


Saudi firm unveils new decorative paint range

Saudi-based Middle East Paints Factory has chosen the Gulf Interiors expo, the Northern Gulf's established annual showcase for luxury interiors, design and furniture being held in Bahrain, to launch three new decorative paint ranges – 3D, Bella and Rita. Founded in 1993


Key Dubai buildings to have extra power generators

Dubai’s real estate developers and companies developing touristic, commercial and  cultural projects have been ordered to install additional power generators to ensure seamless uninterrupted power supply in their developments. The order comes from Vice President and Pr


Real estate regulatory law need of the hour, says Shaikh Khalid

Three of Northern Gulf's biggest expos showcasing the very best in construction, interiors and real estate - Gulf Construction Expo, Gulf Interiors and Gulf Property Show (together known as 3Gs) -  opened their doors in Bahrain today (April 25) amid calls to pass the new real estate re


Paramount rolls out novel Compact Doors

Paramount Doors, a specialist in heavy duty rolling shutter doors, unveiled its new product - A huge Compact Door that requires no railings and little space to store the door when it’s rolled up. The Compact Door, which has been made in Holland, comes in various types, such


Al Maraya Décor unveils new range of readymade furniture

Al Maraya Décor, one of the leading interior decorating companies in Bahrain, is showcasing its newly-launched readymade furniture range, thus marking its entry into this segment. The company also manufactures furniture locally at its workshop in Hamala in the kingdom, sai


DI units launch key products at Big 5 Morocco

Dubai Investments (DI) said six of its subsidiaries are showcasing their glass, steel, aluminium profiles, cranes and laboratory furniture solutions and technologies at the Big 5 Construct North Africa exhibition, which runs till April 27 in Casablanca, Morocco. A major player in

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