Friday 24 February 2017

Bahrain awards $7m project tenders in January

Bahrain has awarded a total of six tenders worth BD2.7 million ($7.1 million) in January besides inviting bids for tenders for projects related to roads, sanitary work and construction sectors, said a top official. The awarded tenders and tenders for which bids were invited last


Fujairah opens new 33/11 Kv power station

The UAE authorities have launched a Dh29.7 million 33/11 kilovolt power station at Fujairah to ease the load off another three stations in the emirate to ensure sustained flow and efficiency of energy, said a report. This is in line with the Federal Electricity and Water Authorit


Investcorp acquires $400m US residential properties

Bahrain-based Investcorp said its US-based real estate arm has acquired three multifamily housing properties in New York, California, and Nevada for a total purchase price of $400 million. All three properties are located in markets which benefit from robust fundamentals in the m


Dubai Future Academy launches training programme

The Dubai Future Academy has launched its first training programme – the Future Design Diploma – in its Office of the Future in Dubai, the world’s first 3D-printed office. High-ranking executives are set to take part in the 10-day intensive program including exe


Bahrain on fast track with $8.1bn projects

Bahrain is making rapid progress on significant projects with a total worth of more than $8.1 billion, said a senior government official. Shaikh Mohamed bin Khalifa bin Ahmed Al-Khalifa, Minister of Oil, was delivering the keynote address at Bahrain British Business Forum (BBBF)


Dubai residential property prices down 3.72pc in January

Residential property prices in Dubai's rental market fell by 3.72  per cent year-on-year in January due to a sharp drop in both apartment and villa prices compared to the same period last year, said a report. The Dubai Residential Property Rental Price Index for all residentia


GCC set to pump $320bn into power projects

The total value of GCC power projects in the pipeline stands at more than $320 billion at present, of which over $100 billion are linked to the renewable and alternative sources, according to a report. In recent years, the interest in renewable energy across the GCC has been on t


Dewa’s Smart Centre gets good response

Dubai Electricity and Water Authority’s (Dewa) said its Smart Centre has achieved remarkable results with growth in smart adoption surging from 64 per cent in 2015 to 70 per cent last year. The Smart Centre was launched as part of the Customer Happiness Centre and aims to i


Abu Dhabi sees big demand for affordable lodging

The demand for affordable lodging is now fiercer than ever, say industry experts, as Abu Dhabi sets its sights on welcoming 7.9 million annual tourists to the region by 2030. With an estimated 74,000 hotel rooms required to host the influx of visitors, leading international archi


RTA completes Phase I of smart parking project

Roads and Transport Authority (RTA) has completed the initial phase of the smart parking project covering controlled parking at Al Rigga and the World Trade Centre areas at the Sheikh Zayed Road in Dubai, UAE. The project comes as part of RTA’s efforts to provide smart serv

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