Saturday 24 July 2021

UAE group Ghassan Aboud buys Australian hotel for $70m

Ghassan Aboud Group, a UAE-based business conglomerate, has announced the acquisition of Vincent Hotel (formerly The Fantauzzo) based in Brisbane, Australia, for AED257 million ($70 million).    Vincent Hotel will add to the Crystalbrook Collection, a subsi


Azizi boosts staff strength amid growing demand for properties

Azizi Developments, a leading private developer in the UAE, is upsizing substantially through the recruitment of over 210 staff.    In the past two months alone, Azizi has hired over 125 sales staff, including property consultants, sales directors and regio


SAY Studio readies dynamic, flexible workspace for PepsiCo

UAE-based architectural and design consultancy service Say Studio said it has completed a commercial space for global F&B leader, PepsiCo.    The brief was to design an agile, accessible and Covid-safe workspace - offering the company’s employees


Bahrain plans to build over 1,300 new flats in Salman City

Bahrain has announced plans to build a total of 1,382 flats on Island 12 of the Salman City as part of a massive residential development project worth BD123 million ($324 million). The project is likely to be completed by the second quarter of 2023.   It is also


Union Coop opens new hypermarket in Al Barsha South

Union Coop, the largest consumer cooperative in the UAE, has opened its new commerical centre in Al Barsha South – 1 in Dubai, built at a cost of AED60 million ($16.3 million).   With this launch, the number of Union Coop hypermarkets in Dubai has now rise


LG unveils new range of eco-friendly ACs in GCC region

LG Electronics (LG), one of the world's biggest consumer electronics and home appliances manufacturer, has introduced its latest range of Dualcool ACs across the Gulf region for faster and more consistent cooling, while also reducing energy consumption.   &q


Diyar Al Muharraq starts training programme for engineering students

Diyar Al Muharraq, a leading real estate development company in Bahrain, has announced the launch of Tumouh, a vocational training programme for Bahraini graduates holding a bachelor’s degree in civil engineering, electrical engineering, or architecture.  


Jebel Ali Port ships mega polyethylene reactors to Rotterdam

DP World, UAE Region’s flagship Jebel Ali Port, shipped four mega polyethylene reactors, the largest weighing 227 tonnes, to Rotterdam, Netherlands, in collaboration with the CMA CGM Group, a world leader in shipping and logistics.    The shipment was


NBB signs deal with YK Real Estate for Bahrain residential tower

National Bank of Bahrain (NBB) has signed an agreement with YK Real Estate Investments & Developments Company, a division of Almoayyed Contracting Group, to offer mortgage financing on its key residential development, Garnet, located on the kingdom's Reef Island.  &n


Centara wins contract to manage 64-unit Oman hotel

Oman-based Ibn Saleh Al Hashmi Construction (ISAHC) has signed an agreement with Thailand’s leading hotel operator Centara Hotels & Resorts for the management of its new property. Al Hail Waves is the group's third property in Oman to be managed by Centara.  

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