GCC construction boom drives softwood demand
Demand for timber and timber products is expected to witness unprecedented growth in the GCC region on account of the booming construction sector, according to a report by Ventures Middle East.
Emaar's Egypt unit reports big profit jump
Emaar Misr, the Egyptian arm of Dubai developer Emaar Properties, on Sunday reported a big jump in first-quarter profits, supported by strong revenue growth.
Samaha wins Gaza solar plant contract
The Palestinian Energy Authority has signed a agreement with US-based Samaha company to build a 30MW solar power plant in Gaza, said a report.
Economic evolution driving Abu Dhabi property market
The ongoing drive for economic diversification in the UAE capital Abu Dhabi is helping to underpin growth in the emirate’s property market despite a backdrop of low oil prices, according to a report.
Tadhamon exits UK student residential property
Tadhamon Capital, a Bahrain-based Islamic investment company, has announced its successful exit from Paris Gardens, a 253-bed student accommodation property in Central London, UK.
Azizi to unveil key projects at Abu Dhabi expo
Azizi Developments, a leading UAE property developer, will be showcasing its competitive residential community projects at the upcoming Cityscape 2015 expo in Abu Dhabi, UAE.
Mubadala to launch luxury residential units
TOP HOMES IN ABU DHABI
UAE-based Mubadala Real Estate & Infrastructure said it is set to develop more than 140 apartments - one-, two- and three-bedroom units - in the heart of capital Abu Dhabi that will offer five-star luxury living.
Emaar re-elects Alabbar as board chairman
Dubai-based property developer Emaar has re-elected Mohamed Alabbar as the board chairman, as the company gears up for its next level of growth with ambitious joint venture projects worth Dh200 billion ($55 billion) in Dubai, UAE.
Morocco plans port upgrades worth $1bn
Morocco will invest a total of €1 billion ($1.08 billion) in port modernisation, €350 of which will be spent on new installations at Casablanca, a report said.
Morocco builder to spend $294m for new homes
Morocco-based Omnidior, the real estate subsidiary of Omnipar, will invest MD3 billion ($294 million) to build 8,000 residential units in the country, a report said.
Bahrain airport modernisation plans reviewed
Bahrain's ambitious airport modernisation programme (AMP) was reviewed at a meeting chaired by Transportation and Telecommunications Minister Kamal Ahmed.
Abu Dhabi planning council to unveil corporate vision
The Abu Dhabi Urban Planning Council (UPC) will unveil a new corporate vision at the upcoming Cityscape 2015 that more accurately defines its role, said top officials.