Friday 23 June 2017

Emaar Properties names Jain group CEO

Dubai's Emaar Properties, a leading property developer and builder of the world's tallest tower Burj Khalifa, has appointed Amit Jain, as the new group chief executive officer. An industry veteran, Jain has over 20 years of experience in senior positions with real estate,


GCC’s real estate 'mature enough for REITs to flourish'

About 45 per cent of investment professionals in the region see the GCC’s real estate market as mature enough for real estate investment trusts (REITs) to flourish. However, nearly 43 per cent believe that it has not reached such a mature stage, according to a recent survey conduct


Bahrain Cinema to reopen new-look Hamra theatre

Bahrain Cinema Company, market leaders in the entertainment industry in the kingdom, will be reopening the Al Hamra Cinema in Manama tomorrow (June 22) following a two-month-long extensive refurbishment work. Following a comprehensive renovation work, the cinema now embraces a mo


Damac lands $1bn Oman mixed-use waterfront deal

Damac International, a leading property developer in the region, said it has secured a major contract from Omani government to transform one of its key ports into a world-class, waterfront mixed-use destination in a joint venture with Omran, the government’s investment, growth and devel


LXA to complete Al Habtoor City project in H2

LXA (formerly Luxe Interior), a dynamic interior design, project management and development company which operates throughout the UK and the Middle East, said work on the Franco Dragone, the vibrant dining and entertainment epicentre of Al Habtoor City in Dubai, UAE, is nearing completion and t


Arcadis names new Middle East CEO

Arcadis, a leading global design and consultancy firm for natural and built assets, said it has appointed Dr Kamiran Ibrahim as the new chief executive for its Middle East operations effective July 1. Dr Ibrahim currently holds the position of managing director for UAE and Oman and wil


Amlak partners with Dubai Land Department

Amlak Finance, a leading specialised Shari’a compliant real estate financier in the Middle East, has announced a key partnership deal with the Dubai Land Department (DLD). This strategic co-operation aims at doubling customers’ properties, enhancing the investment app


India's Sterling and Wilson wins major UAE power project

India-based engineering firm Sterling and Wilson has won both the turnkey engineering, procurement and construction (EPC) and operation and maintenance contract for the world’s largest single location solar photovoltaic (PV) plant at Sweihan in Abu Dhabi, UAE. The plant is


Iran targets 6,500km of new railroads in five years

Iran plans to construct 6,500 km of railroads by 2022, the head of International Transportation Office at Iranian Railways was quoted as saying in a media report. The figure also includes projects being developed, while the construction of further 3,500 km of railroads after 2022


Dubai to launch world’s first Crowd Endowment Park

Dubai has announced plans to set up the world's first collective endowment park and dates factory, thus reviving a 125-year-old custom of the endowment of palm trees in the region. The park is being developed by Dubai Municipality in co-ordination with Mohammed Bin Rashid Global Ce

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