Thursday 1 September 2016

Dubai Holding to relocate Mall of the World

Dubai Holding, a state-run investment company, has announced plans to relocate the planned Dh25 billion ($6.8 billion) Mall of the World to a site on Sheikh Mohammad bin Zayed Road in Dubai, UAE. The project’s positive tourism contribution can be fully realised on the new s


Boutique residential development opens in Bahrain

Amwaj-based boutique residential development Modern Residence-2 in Bahrain has been completed and is ready to move in, reported the Gulf Daily News, our sister publication. To read further, please visit


Al Jaber to sell contractor, leverage hotel in debt plan

Abu Dhabi's Al Jaber Group plans to raise up to Dh2.35 billion ($640 million) by the end of 2017 by selling its stake in a construction company and using a prime hotel in the emirate as collateral for a loan, informed sources said. The moves are part of an attempt by the fami


Bloom to showcase landmark Dubai projects

UAE-based Bloom Properties is set to unveil its ambitious project ‘Bloom Heights’, which will come up at Jumeirah Village Circle (JVC) at the upcoming Cityscape Global expo in Dubai. Additionally, Bloom will highlight during the event its ever-expanding portfolio of q


DIFC posts significant growth in first half

Dubai International Financial Centre (DIFC), a leading financial hub for the Middle East, Africa and South Asia (MEASA) region, today announced that the centre posted strong growth and reached major milestones in the first half of 2016. DIFC continually ranks highly in different


Saudi Electricity to privitise assets by 2016-end

Saudi Electricity Company plans to privatise its assets by the end of the year, its chairman said on Wednesday, part of a drive to increase efficiency in the Kingdom's utilities. "We expect to complete the planned privitisation of assets this year," Saleh Al Awaji t


Seven Tides to showcase British-themed hotel

Dubai-based luxury property developer Seven Tides will be back at Cityscape Global with an update on construction of the newest addition to its luxury hospitality and residential portfolio, Dukes Dubai.   At the three-day event, Seven Tides’ executives will also share d


Iconic 2,000-seat Dubai Opera opens

Dubai Opera performing arts centre, located in Downtown Dubai, UAE, will open its doors to the public tonight (August 31) with a performance by Spanish tenor Placido Domingo. Dubai Opera will be the creative heart of the city, producing and hosting the finest, most authentic, and


Australia's Brookfield Multiplex to be rebranded

Brookfield Multiplex, an Australian contracting company behind several high-profile construction projects in the Gulf region, mainly in the UAE and Qatar, is set to be rebranded as Multiplex. A key player in designing, building and maintaining property and infrastructure assets,


Deyaar starts work on Dubai hotel project

Deyaar Development, one of the UAE’s largest property development and real estate services companies, said it has begun work on its latest development project, situated close to the Mall of Emirates, in Al Barsha, Dubai. The hotel and serviced apartment development, with a total

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