Thursday 30 June 2016

BRE Global opens regional office in Dubai

BRE Global, an independent, third-party approvals organisation, offering certification of products, services and systems to an international market, has opened its regional office in Dubai, UAE. The move to open an office in the Middle East comes in line with BRE's plan to st


Saudi Arabia launches $1.2bn residential project

Saudi Arabian government has embarked on a major plan to build 7,000 new villas at an investment of SR4.48 billion ($1.19 billion) on a 6.5 million sq m area in the eastern part of Riyadh, said a report. The project, called "East Gate" is the first being implemented by


MRHE launches new smart gov website

Mohammed Bin Rashid Housing Establishment (MRHE) has partnered with DataCell, a leading business application solutions provider, to launch its new user-friendly smart government website. The new website will help deliver housing, financial, business, information, employee and sma


Dubai residential property prices down 3.6pc

Residential property prices in Dubai's rental market plunged 3.6 per cent year-on-year (y-o-y) in May owing to a steep fall in apartment and villa prices compared to the same period last year, said a report. The Dubai Residential Property Sales Price Index for all residential


London ‘top property market for GCC buyers’

London is a dynamically changing property market and has been a favourite investment destination for buyers from the GCC for decades, an industry expert said. “Some of the most iconic buildings and developments are owned by investors from the GCC. Qatar is one of the most h


Schonbek to launch new lighting designs in region

Schonbek, one of the world’s leading crystal chandelier brands, is introducing its 2016 product collection in select markets throughout Middle East, Europe and Asia Pacific region. A member of the Swarovski Group, Schonbek has been acknowledged for the handcraftsmanship and


Cayan marks ADCB cash management partnership

Cayan Group, a leading property developer in the Middle East, recently hosted an event to celebrate the cash management partnership it has maintained and developed with Abu Dhabi Commercial Back (ADCB). Senior representatives from both Cayan and ADCB attended the ceremony held at


Khodari to book loss after passing up Saudi contract

Saudi Arabian contractor Abdullah Abdul Mohsin Al Khodari and Sons said it will book a multi-million-riyal loss after it received state permission to reallocate a government contract it won in 2014 to another company. Khodari, like many construction-related firms, has been pressu


Bahrain to start work on major flyover soon

Traffic at one of Bahrain’s busiest junctions will be diverted by the end of next month, as work is under way to replace the existing Alba Roundabout with a flyover, said senior officials of the Ministry of Works, Municipalities Affairs and Urban Planning. The (Alba and Nuwaidrat


Saudi regulator forms panel to oversee builder Mojil

Saudi Arabia's securities regulator said it would form a committee to oversee Mohammad Al Mojil Group (MMG) after the Saudi Arabian construction firm's board resigned when three people involved with the business were found guilty of fraud. MMG's board quit last week w

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