Saudi Arabia approves $282m contracts
Saudi Arabia has approved contracts worth SR1.06 billion ($282.27 million) for 168 municipal projects in 14 governorates, the Saudi Press Agency has reported.
Emaar Properties Q2 net profit rises 16pc
Dubai's Emaar Properties, builder of the world's tallest tower, reported a 16 per cent rise in second-quarter net profit on Sunday as other income increased and it received more money in income tax credits.
UOWD team develops new crane safety system
Researchers from the University of Wollongong in Dubai (UOWD) have developed a solution to help engineers determine where they should safely locate cranes on site, along with the type and number of cranes to be used.
Two senior executives of Emaar Misr quit
Two senior executives at Egypt's Emaar Misr have resigned, the property developer said on Sunday, several weeks after its disappointing flotation on Cairo's bourse.
GCC ‘pumping billions into global real estate’
Billions of dollars of investment emanating from the GCC are increasingly seeking Shariah-compliant investment opportunities in key global real estate markets, said the organisers of an upcoming real estate event in London.
Oman power firms told to cut electricity loss
Power supply firms in Oman have been urged to improve the efficiency of their distribution and supply systems, aimed at cutting system losses to nine per cent by 2017, it has been reported.
Saudi private sector eyed for $186bn power spend
Saudi Arabia’s private sector is expected to contribute a large percentage of the SR700-billion ($186.5 billion) investment needed in the next 10 years by the kingdom’s electricity sector, said a top official.
10 new pedestrian bridges to be built in Dubai
Dubai's Roads and Transport Authority (RTA) has given the go-ahead for the construction of 10 pedestrian bridges in 2016 and 2017 in a number of vital locations in the UAE emirate.
Egypt turns half of summit promises into projects
UNEMPLOYMENT SEEN BELOW 12pc
Egypt has turned more than half of initial agreements signed at a March investor conference into investment projects, the planning minister said, as Cairo tries to regenerate an economy battered by years of turmoil.
Villamar restructuring deal signed; work restarts
Gulf Holding Company (GHC), developer of Bahrain's Villamar project, has signed restructuring agreements with support from Al Rajhi Bank, GFH and Al Hamad Construction and re-mobilisation has started on the mixed-use, residential project.
Egypt to reveal new projects at New Suez Canal opening
Egypt is set to announce new projects during the inauguration of the New Suez Canal, according to a report.
Union Properties begins work on Green Community Phase 3
Union Properties, a leading Dubai-based developer, has started work on the Phase Three of its Green Community project in Dubai Investments Park (DIP), Dubai, UAE.