Wednesday 17 September 2014
 
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Dubai’s Smart Living City event inaugurated with UN participants

Sultan Saeed Al Mansoori, UAE Minister of Economy inaugurated on September 15, the first Smart Living City Dubai 2014, the Dubai edition of the biannual event that focuses on highly successful local and international ‘smart’ start-ups, was held at the Jumeirah Emirates Tower in Duba

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Over 200 firms to attend Big 5 Kuwait

More than 200 exhibitors from across the globe will be showcasing their products at the Big Five Kuwait expo which will run from September 22 to 24. A dozen country pavilions - including those from Italy, Turkey, Germany and Spain -  are being set up at the Kuwait Internatio

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$1.5bn Turkish delights on show at Cityscape

Turkish Development company Kronos is set to showcase projects worth $1.5 billion including its landmark Çengelkoy Park property overlooking Bosphorus strait in Istanbul, Turkey, at the upcoming Cityscape Global Exhibition in Dubai, UAE. Kronos specialises in projects loca

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Abu Dhabi reveals design of new cruise terminal

Abu Dhabi Ports Company (ADPC) and Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi) today unveiled the design for the planned new Zayed Port cruise terminal in the UAE capital. The design was unveiled at the Seatrade Med 2014 in Barcelona, Spain, one of Europe’s key

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Investcorp buys US real estate assets for $250m

Investcorp, an alternative investment manager based in Bahrain, said on Tuesday it had acquired a portfolio of office and industrial property assets in three cities in the US for around $250 million. The purchases, done in separate transactions, were completed by the firm's U

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Egypt raises $8.5bn for Suez Canal expansion

Egypt has raised the $8.5 billion it needs to fund a project to expand the Suez Canal in just eight days, the central bank governor said. Hisham Ramez said in a telephone interview with Reuters that EGP61 billion had been raised after banks issued investment certificates to finan

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Arabtec unaware of stake sale by ex-CEO

Dubai contractor Arabtec Holding said on Tuesday it was unaware of any stake sale agreement between its largest shareholders following reports that the company's former chief executive was about to sell at least part of his stake. Arabtec "does not have the information&q

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Mega Dubai resort work on track

Dubai Parks & Resorts, a Meraas Holding company, said the work on the first phase of the multi-billion-dollar entertainment and leisure destination in Dubai, UAE, is progressing well with 30 per cent of the infrastructure development already completed. Taking shape at Jebel A

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Atkins names new chief for power business

Atkins, one of the world's leading design, engineering and project management consultancies, has appointed Phil Malem as the new managing director to develop its power business, with a particular focus on the Middle East.   Malem will be based in Abu Dhabi and play a key

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80 mega-projects coming up in Saudi Arabia

More than 80 mega-projects, each worth at least $1 billion, are under way or planned for completion by 2030 in Saudi Arabia, according to a new report. This makes the kingdom the Middle East’s largest mega-project market by a wide margin, said the Meed report released during the

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