Sunday 21 December 2014

Healthy Dubai real estate market to ride out cheap oil

The plunge in oil prices may take more of the froth off Dubai's booming real estate market, but broad-based demand for property is likely to prevent any crash, said a report. As the global financial crisis slashed oil and equity prices in 2008, Dubai's real estate market


Bahrain set to launch major homes survey

Bahrain is launching a major survey this month to help authorities develop vital economic and social programmes, a report said. The year-long nationwide survey will gauge family income and expenditure in Bahrain, according to the Central Informatics Organisation (CIO), reported t


Mubadala completes Four Seasons topping work

Mubadala, a leading investment and development company based in Abu Dhabi, UAE, and Four Seasons Hotel and Resorts, said the structural framing of its upcoming property has been completed and was on track for 2016 opening on Al Maryah Island. Four Seasons Hotel and Resorts is the


Alstom to sell power business to GE for $15bn

Alstom shareholders on Friday backed with 99.2 per cent of votes the French engineering group's plan to sell most of its power equipment business to General Electric and refocus on its smaller rail arm. Alstom had said last month it could return up to  €4 billion ($


Omaniyat's new seafront project 81pc sold out

Leading UAE developer Omniyat Group said its newly-launched iconic project "Anwa" in Dubai Maritime City has sold 81 per cent of units in less than a week of opening the sales. The development group said they registered Dh432 million ($118 million) in sales for this amb


Ethiopia plans $475m metro completion in January

Ethiopia expects to complete the Chinese-backed construction of a $475 million metro rail system in the capital Addis Ababa next month, the head of the project said. The project, built by China Railway Engineering Corporation (CREC) and mostly financed through a loan from China&#


Nakheel to restart $550m project in Vietnam

Dubai property developer Nakheel said it would propose a plan to restart a delayed $550 million project in Vietnam's northern province of Quang Ninh in January, the Dau Tu (Investment) newspaper reported. The Ha Long Star urban and tourism project will feature a 250-room f


Saudi Rail to showcase latest rail industry developments

International exhibitors are set to showcase the latest developments in the railway industry and highlight opportunities in the region, according to a report. The rail projects in the region has been estimated to reach SR45 billion ($11.9 billion), said the Arab News report.


Qatar’s tourism-related project investment to hit $45bn

About $45 billion in investments have been projected for tourism-related project in Qatar up to 2030, according to a report. The projected investment in the tourism sector alone is $11.5 billion up to 2030, Issa bin Mohamed Al-Mohannadi, chairman of Qatar Tourism Authority (QTA)


Lifestyle Developers honoured at Arabian Property Awards

Lifestyle Developers, a Saudi Arabia-based real estate developer, has received a ‘Highly Commended’ ranking in the developer category at the Arabian Property Awards, in association with Ernst and Young.   The Arabian Property Awards are part of the long establishe

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