Tuesday 31 March 2015

Kuwait's real estate sales down for third month

The sales in Kuwait’s real estate market plunged for the third consecutive month in February to KD221 million ($734 million), down 17 per cent year-on-year compared to the same month last year, said a report. The short nature of the month and the coinciding National and Lib


Autodesk launches 3D design, printing app for kids

Autodesk, a leader in 3D design and engineering software, has launched Tinkerplay, a free app designed for kids of all ages that introduces creative play through 3D design and 3D printing. 
The Tinkerplay app is based on the popular Modio app, which Autodesk previously acquired, and wi


Drake & Scull proposes no 2014 dividend

Dubai engineering firm Drake and Scull said on Tuesday its board had proposed paying no dividend for 2014. The company's profit fell to Dh100.7 million ($27.42 million) in 2014 from Dh166.5 million ($45.32 million) a year earlier. Drake and Scull last paid a cash dividend for


Arabtec appoints CEO for construction unit

Arabtec Holding, Dubai's largest listed builder, has appointed a new chief executive to its wholly-owned construction subsidiary, the parent firm said on Tuesday. Raja Ghanma has been promoted from chief operating officer to CEO of Arabtec Construction, Arabtec Holding said i


Dubai makes 'green cement' mandatory for new buildings

Dubai Municipality has declared that starting from tomorrow (April 1) all the landlords and contractors will have to use environment-friendly cement for the construction of new buildings in the UAE emirate, said a report. The use of 'green cement' for the construction of


Foster and Partners wins Jeddah Metro contract

Saudi Arabia has awarded a SR300 million ($80 million) architectural designing contract to British group Foster and Partners for the Jeddah public transport metro system, said a report. This is the third basic contract for the Jeddah public transport metro system. The first two w


Qatar’s Hamad Medical Corp to double hospital beds

Hamad Medical Corporation (HMC) has unveiled a new 15-year master plan to include double the number of hospital beds and operating theatres in the country and triple car parking provisions by 2030 to tackle Qatar’s healthcare crisis, according to a report. The focus of the


Saudi to use infrastructure projects for FDI boost

Saudi Arabia will use multi-billion dollar infrastructure projects to attract foreign investment in sectors such as transport, healthcare and industrial equipment, a senior economic official said. The kingdom is spending tens of billions of dollars annually on roads, ports, airpo


Qatar 2022 World Cup ‘may not need cooling systems’

A winter World Cup in Qatar may not require cooling systems to lower temperatures in the stadiums as proposed in the bid for a summer tournament, said an executive from the Gulf state's 2022 organising committee. Earlier this month, soccer's world governing body Fifa ende


New rules set for housing workers in Bahrain

Landlords in Bahrain who risk the lives of expatriate workers by cramming them into cramped and dangerously rundown properties face jail and fines under amended legislation. The new rules state any property used for labour accommodation would have to provide 40 sq ft of space for

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