Monday 25 May 2015

New EU visa rules 'to boost Emirati property investment'

The European Union has been at the centre of financial difficulties since the Great Recession, with positive economic news from the bloc remaining limited. This month however, with the decision to grant Emiratis visa-free access, cross border property investment is expected to re


Egypt approves Arabtec's 'million homes project'

Dubai-based builder Arabtec has received Egyptian cabinet approval for a housing project to build a million homes, said Egypt's assistant housing minister Khaled Abbas on Monday a day after media reports stated that the deal had fallen through. Abbas rubbished a local media report


Sudan eyes Arab funding for real estate projects

Sudan's real estate sector has attracted investments worth $30 billion from the region and is now looking for more funding from Arab business groups in the construction projects, said a report. "We will be presenting a paper on the investment opportunities and the situat


Ineco to design Muscat public transport systems

Spain-based Ineco, a leader in transport engineering, will design a public transport system for Muscat in a 52-week collaboration with the Oman National Transport Company (ONTC), a report said. Ineco will be building a system from the scratch, which will include development of an


Qatar consortium to build $3.2bn power, water plant

 A consortium including Qatar Electricity and Water Company and Mitsubishi Corporation will build the biggest integrated power and water plant ever constructed in Qatar at a cost of $3.15 billion, a statement from QEWC said on Monday. The plant at Umm Al Houl, 20 km south of


New cardiac centre work to begin in Bahrain

A new state-of-the-art world-class cardiac centre will be built as part of major efforts to upgrade Bahrain's medical infrastructure. His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa will lay the foundation stone of the project on June 10, said a report


KAEC to sell around 2,500 residential units in 2015

King Abdullah Economic City (KAEC), a special economic zone on Saudi Arabia's Red Sea coast, will be selling around 2,500 residential units this year, roughly the same level as in 2014, said its managing director. KAEC expects to attract about 50 new companies to start operations t


Majority UAE expats keen to buy apartments in India

More than 79 per cent of the Non-Resident Indians (NRIs) based in the UAE are looking to buy an apartment in India rather than investing in plot or land or in villas (commercial or retail), commercial or retail, said a report. Among the major cities, Bangalore tops the chart for


Fila wins Madinat Jumeirah stone protection contract

Fila Surface Care Solutions, a global, eco-focused company based in Italy, has won a new contract from Jumeirah International to provide stone protection of all marble surfaces used for Phase Four of Madinat Jumeirah in Dubai, UAE. The company's line of products consists of s


Mideast FM group to expand health, safety courses

The Middle East Facility Management Association (Mefma) said it has joined forces with learning and development specialist International Workplace to expand its range of courses in the GCC region and beyond. The new Mefma programme will provide a wide range of courses in health,

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