Thursday 11 February 2016

Sheikh Mohammed opens Dragon Mart expansion

UAE Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has opened the expansion of Dragon Mart, a massive retail destination and the largest Chinese trading hub outside mainland China, located on Oman-Hatta highway in Dubai, UAE, said a repor


Delivery of 18,000 Dubai flats unlikely this year

The delivery of 18,200 residential units across Dubai, UAE, will not happen as scheduled this year due to a number of issues including financing and contractual disputes besides delays over licensing/approval, said a report. Amid slowing market conditions, government spending cut


MESC launches cabling solutions at Bahrain expo

Middle East Specialised Cables (MESC) is making its debut at the Gulf Industry Fair being held in Bahrain where it is showcasing cable solutions that have been designed and manufactured to international standards. The UAE-based company is looking to reinforce its position in the


Sandan to develop $258m light industries park in Oman

Sandan Development is set to develop Oman's first integrated light industries park at a cost of RO100 million ($258.8 million), according to a report.   The project will cover more than 250,000 sq m and will be located on the Muscat Expressway, said the


Forum puts spotlight on construction sector dispute

Leading global law firm Dentons recently hosted a gathering of construction and energy practitioners to consider the growing trend of the use of arbitration through the Dubai International Financial Centre (DIFC) as a method of dispute resolution in Abu Dhabi, UAE. The discussion


Saudi builders delay pay amid state spending clampdown

Some Saudi Arabian construction companies are struggling to pay their staff on time in a sign of growing pressure on the economy from low oil prices, which are causing the government to slow spending on building projects. In an unusual move this week, the Ministry of Labour issue


AKH promotes diverse portfolio

Al Abdulkarim Holding (AKH), Saudi Arabia’s leading supplier and stockist of electrical, electromechanical, communications, instrumentation and oilfield components, is promoting its diverse portfolio of products and services to the regional market at the Gulf Industry Fair 2016.


Dubai sees big demand for new projects ahead of Expo 2020

With Dubai running a series of mega projects, the emirate's property sector is projected to see a ramp up in 2018, thanks to a growing demand for new apartments ahead of Expo 2020, said an expert. The three-year supply pipeline in Dubai's property sector is growing at a c


Tamdeen to open Kuwait waterfront project in 2017

Tamdeen Group, a leading property developer in Kuwait, plans to formally open its ambitious mixed-use waterfront retail, lifestyle and leisure destination, Al Kout, in the fourth quarter of 2017. Al Kout is a project under the overarching umbrella of Tamdeen Group that aims to re


Dubai to press ahead with world's largest mall

Dubai has said that it will press ahead with plans to build the world's largest shopping mall despite an economic slowdown looming in the region, but would assess market demand before proceeding with the project's later stages. The Mall of the World project, encompassing

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