Wednesday 26 October 2016

Empower to host global district cooling summit

UAE-based Emirates Central Cooling Systems Corporation (Empower) is set to host the seventh edition of ‘International District Cooling Conference’ from November 13 to 15 in Dubai. Themed as ‘A Climate Solution’, the conference will be attended by global de


Qatar First Bank Q3 revenue up 39pc

Qatar First Bank, a leading Islamic bank in the country, said its revenue for the third quarter hit QR491 million ($135 million), up 39 per cent over the same period in 2015 besides a net profit of QR3.4 million for the third quarter. Ziad Makkawi, the chief executive officer, QF


Abu Dhabi set for key global real estate expo

More than 125 exhibitors from 25 countries, as well as over 11,000 private and institutional investors and real estate brokers, will take part in the eighth edition of the International Real Estate & Investment Show (IREIS 2016) which opens on Thursday (October 27) in Abu Dhabi.


Cityland to build first nature-inspired mall in Dubai

Cityland Group, the inventors of key attractions - Dubai Miracle Garden and Dubai Butterfly Garden, has announced plans to build Cityland Mall, a 2.2 million sq ft nature-inspired mall, said to be the world's first to feature botanical wonders. Scheduled for launch in the sec


Saudi waste management firm inks funding deal

Global Environmental Management Services (Gems), a Saudi-based integrated waste management and industrial and engineering services, said it has successfully inked a SR300 million ($80 million) capital expenditure and working capital agreement through the Islamic banking format. A


T.Zed unveils The Cocoon at Dubai design expo

UAE-based T.Zed Architects and the American Hardwood Export Council (AHEC), a leading international trade association for the American hardwood industry, unveiled 'The Cocoon’, at Downtown Design expo which runs until October 28, at Dubai Design District (d3). A progres


Sharjah plans survey on labour housing units

Sharjah government will conduct field surveys on labour housing to get precise information about the current status of existing facilities and services available to workers and to predict future needs, said a report. The surveys are the first of its kind in the UAE and will provi


Sika Gulf mulls key acquisition to boost growth

Bahrain-based Sika Gulf, a joint venture between Swiss construction materials group Sika and Saudi Sumam Chemicals, aims to double the company's turnover in the next five years by accelerating organic growth and through key acquisitions, said a senior official. Ashraf Wahib,


Mena region planning $245bn railway projects

Railway and metro schemes worth $245 billion are being currently planned in the Middle East and North Africa (Mena) in preparation for mega global events such as the Dubai Expo 2020 and the 2022 FIFA World Cup in Qatar, said experts. The region is already working on $89 billion w


Saudi developer Jabal Omar swings to quarterly profit

Jabal Omar Development, the largest listed real estate group in Saudi Arabia by market capitalisation, has reported a quarterly net profit of SR691 million ($184 million), up from a loss of SR127 million ($33.8 million) for the same period last year. Announcing the highest profit

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