Friday 10 April 2020
 
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Egypt Railway to buy 50 new locomotives from Siemens

Egypt Railway Authority is in talks with global technology giant Siemens to buy 50 new locomotives, said Arab Finance Brokerage, citing a senior source. The negotiations also include maintenance works for 50 of Siemens Henschel, a model that has been efficiently operating in Egyp

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Abu Dhabi Housing Authority names new director-general

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Abu Dhabi Crown Prince, Deputy Supreme Commander of the Armed Forces, and Chairman of Abu Dhabi Executive Council, has issued a resolution appointing Basheer Khalfan Salem Al Mehairbi as Director-General of the Abu Dhabi Housing Authority.

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GRE Assets adopts 'tech as utility’ policy to cope with Covid-19 crisis

GRE Assets, a residential property investment company with offices in the UK, Spain and the Middle East, said its key partnerships with local authorities and adoption of its ‘tech as utility’ policy will be key to delivering success.    It has b

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Diyar Al Muharraq launches new virtual property advisor

Diyar Al Muharraq, one of the largest real estate developers in Bahrain, has announced the launch of its new virtual property advisor service, enabling customers to remotely obtain online real estate advisory services, in line with the kingdom’s precautionary measures to battle Covid-19

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Turkish builder Limak says Kuwait T2 work on track

Leading Turkish builder Limak said its Kuwaiti subsidiary Limak Insaat Kuwait is working on the new Terminal 2 of the Kuwait International Airport in complete compliance with the instructions of the Kuwaiti Ministry of Health amid Covid-19 pandemic.   Limak said

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Dubai's residential capital values down 10pc in March

The residential capital values in Dubai for March registered a 10 per cent drop compared to the previous year, standing at 73.3 points, dipping 0.9 per cent since February, according to leading UAE-based local consulting firm ValuStrat.   The Covid-19 pandemic b

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Arabtec Holding names Group CEO, finance head

Arabtec Holding, a leading contractor for  social  and  economic  infrastructure,  has  announced  that  Peter  Pollard  will  handover the role of Group  Chief  Executive Officer to Wail Farsakh, currently Group Chief Operating

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Emirates REIT posts 5.1pc growth in rental income for 2019

UAE-based Emirates REIT, one of the largest shari'a-compliant real estate investment trusts, has registered a rental income of $64.5 million for the year ended December 31, 2019, up 5.1 per cent over last year.   A Dubai-based REIT investing principally in i

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Azizi's riverfront project witness to big infrastructure activity

Azizi Developments, a leading private developer in the UAE, has announced the swift progress of infrastructure work in Mohammed bin Rashid City (MBR) - Dubai’s most popular residential destination and home to its waterfront-lifestyle hub Riviera.    T

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Egypt Railway to buy 50 new locomotives from Siemens

Egypt Railway Authority is in talks with global technology giant Siemens to buy 50 new locomotives, said a report. The pact would also include repair works for 50 other locomotives that have been running since the 1970s, it added.   Egypt Railway Authority is in

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