Monday 18 February 2019

Saudi group AKH opens new HQ in Dammam

Saudi-based Al Abdul Karim Holding (AKH) company has announced the opening of its new headquarters in Dammam region of the kingdom. Designed as an ‘intelligent’ building by Dewan Architects + Engineers, the tower is equipped with a state-of-the-art telecommunication s


Byrne installs Mideast's first wash rack in Kuwait

Leading rental group Byrne Equipment Rental said it has selected Generac Mobile to support its depot operations in keeping its generator, light equipment, and a selection of fleet vehicles clean, by choosing a premium Wash Rack system at its new depot in Mina Abdullah, Kuwait. Th


Imkan unveils big investment offer for Abu Dhabi park

Imkan, the globally reputed property developer renowned for creating soulful places that enrich people’s lives, is inviting investors and businesses to explore the leasing and investment opportunities that will be available in Sheikha Fatima Park. Hand-in-hand with its stra


Kuwait's JTC takes delivery of new Terex crane

Kuwait-based equipment rental and logistics service provider Jassim Transport & Stevedoring Company (JTC) said it has put a brand new Demag CC 3800-1 lattice boom crawler crane, manufactured by Terex Corporation, into service. A global manufacturer of lifting and material pro


Saudi Alkhabeer REIT inks finance deal with Al Rajhi

Alkhabeer Capital, a prominent Saudi-based asset management company specialising in alternative investments, today (February 17) announced that Alkhabeer REIT has signed a major facility agreement with country's leading bank Al Rajhi. The shari’ah-compliant deal will ha


Spain unveils Expo 2020 Dubai pavilion design

Spain has unveiled the design for the country's pavilion at the upcoming Expo 2020 Dubai gala putting a greater focus on efficiency, energy saving and resource management. It will not simply be an efficient building, it will be constructed with sustainable materials that will


Dubai RTA opens main bridge at Expo Road intersection

Dubai’s Roads and Transport Authority (RTA) has today (February 16) opened a main bridge at the intersection of Expo Road and Al Asayel Street.    The bridge is a part of Phase Five of the roads network leading to Expo site. The completion rate of thi


Eshraq Investments sees drop in 2018 net profit

Eshraq Investments, the Abu Dhabi-based investment and real estate company listed on Abu Dhabi Securities Exchange, has reported a net profit of Dh3 million ($816,644) for 2018 versus a net profit of Dh32.5 million ($8.84 million) the period year.    These


Bahrain Alba accelerates Line 6 project ramp-up

Aluminium Bahrain (Alba), soon to be the largest aluminium smelter in the world, said its flagship Line 6 Expansion Project was progressing as per schedule with the successful testing of 40 pots which are now fully operational.    One of the most remarkable


DP World completes key Somaliland water project work

Dubai-based marine terminal operator DP World said work on its $1-million Somaliland Water Project is progressing as per schedule.   The project, which began last year, will see the development of four water wells, two shallow pools, two water troughs, a concret

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