Sunday 22 April 2018
 
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GCC hospitality projects value tops $147bn in March

The total value of the hospitality and tourism projects in the GCC region, numbering around 1,156, is more than $147 billion in March, said a report released ahead of the Arabian Travel Market (ATM) 2018.   The largest travel and tourism show in the Middle East,

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IBRD joins World Bank risk database consortium

The International Bank for Reconstruction and Development (IBRD) said it has joined the Global Emerging Markets (GEMs) risk database consortium.   GEMs was established in 2009 as a joint effort between the European Investment Bank (EIB) and the International Fin

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Aldar starts handover of two prime UAE properties

Aldar Properties, a leading UAE-based real estate developer, said it has started the handover of two of its premium developments in Abu Dhabi - Nareel Island and Al Merief.   Nareel Island is a premium high-end plot development located on the coast of Al Bateen,

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Mammoet completes Oman petchem project work

Mammoet, a global service provider specialising in engineered heavy lifting and transport, said it had successfully completed the safe transportation and installation of four 1,180-tonne NGL bullet tanks for Oman’s biggest petrochemical project, Liwa Plastics Industries Com

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Emirates Road extension work on track for July completion

UAE authorities said work was progressing well on the Emirates Road Extension project, being developed to link capital Abu Dhabi with the northern emirates of Ras Al Khaimah and Umm Al Quwain, and is set for completion by July this year, said a report.   The pro

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Expo 2020 hosts session on health and safety

Expo 2020 Dubai recently brought together contractors, sub-contractors, project managers, regulators and partners in Dubai for the first of a series of health, safety, quality and environment (HSQE) leadership events. The session heard from a variety of stakeholders including Exp

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Vox Cinemas to open 600 new screens in Saudi Arabia

In a major boost to the Saudi entertainment industry, Majid Al Futtaim, the leading shopping mall developer, retail and leisure pioneer across the Middle East and North Africa (Mena), has announced plans to open 600 new Vox Cinema screens across Saudi Arabia over the next five years at an inv

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Dubai to deploy AI to verify lease contracts

Dubai Land Department (DLD) has announced that from this month, it will be using artificial intelligence (AI) to verify 2.5 million lease contracts in the Emirate.. The new technology is part of DLD's latest governance system for verifying lease contracts, and the AI will be

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Khidmah unit to manage Sharjah's beaches

UAE-based Khidmah, the region’s leading property solutions provider, has been awarded a contract to manage Sharjah’s beaches. The company currently manages beaches in Abu Dhabi, Dubai and Sharjah, employing over 200 lifeguards to serve developments, hotels, and commun

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ENBD REIT launches energy-saving programme

ENBD REIT, a UAE-based shari’a-compliant real estate investment trust, said it has applied the Internet-of-Things (IoT), machine learning and artificial intelligence, in partnership with EP&T Global, to deliver energy savings at Al Thuraya Tower 1, its office building in Dubai Media C

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