Emaar Properties Q1 net profit rises 17pc
Dubai's Emaar Properties, builder of the world's tallest tower, reported a 17 per cent rise in first-quarter net profit on Sunday.
Saudi to provide housing to 100,000 low-income families
AID BEGINS MAY 8
Saudi Arabia's government will provide housing for 100,000 low-income families over the next year as part of a reform programme designed to strengthen the economy and reduce its dependence on oil, the Housing Ministry said on Sunday.
Top London project to be unveiled in Abu Dhabi
‘Mariner’s Quarter’, a prestigious Dh7.8 billion ($2.12 billion) project in London's prestigious Royal Wharf development will be unveiled by CBRE, in Abu Dhabi.
Allegion signs up for smart skyscrapers conference
Allegion, a leader in security products and solutions for homes and businesses, has signed up as a major sponsor for the upcoming edition of the Smart Skyscrapers Summit in Dubai, UAE.
RTA awards Dubai bridge project contract
Dubai's Roads and Transport Authority (RTA) said it has awarded a Dh105-million ($28.5 million) contract for the construction of a bridge that will link the north and south of Jebel Ali Free Zones.
12 killed in Nairobi building crash, rescue work on
Rescue workers raced on Saturday to save more residents from the rubble of a six-storey building in Nairobi after it collapsed overnight following heavy rain. At least 12 people were confirmed dead.
Oman plans to build $400m oil storage terminal
200m BARREL OUTPUT
Oman plans to build a major oil storage terminal on its southeastern coast, spending between $300 million and $400 million in the first phase, according to Minister of Oil and Gas Mohammad bin Hamad Al Rumhy.
Dubai Investments unit seals Riyadh Metro contract
STEEL STRUCTURE SUPPLY DEAL
Dubai Investments (DI) said one of its subsidiaries, Emirates Building Systems, has been awarded a contract to provide steel structures for the second phase of the Riyadh Metro Project in Saudi Arabia.
UAE picks Calatrava’s falcon design for Expo 2020
Leading architect Santiago Calatrava’s falcon-inspired design has been selected by the UAE government for its official pavilion at the Dubai World Expo 2020.
Al Nakheel plans new UAE paper production unit
Jordan-based Al Nakheel Hygienic Paper Manufacturing Company said it has signed a Dh335 million ($91 million) deal for the construction of a new production facility at the Industrial City Abu Dhabi 2 (Icad 2) in the UAE capital.
Big launches, record turn-out at Cityscape Abu Dhabi
The Cityscape Abu Dhabi finished on a high after a successful three days in the UAE capital which saw numerous property development launches, hundreds of units sold and more than 15,000 visitors attending the event.
Siemens wins big Qatar power plant deal
LONG-TERM SERVICE CONTRACT
Siemens, a global technology powerhouse, said it has been awarded a long-term service contract for a major power plant located 15km south of Doha. This is its second major power generation services order from Qatar in the past six months.