Tuesday 25 October 2016

Dubai, Abu Dhabi more affordable for renters, buyers

The key real estate markets of Dubai and Abu Dhabi in the UAE witnessed an overall downward movement of apartment rents in the third quarter making them more affordable for the renters and buyers, said a report. During the third quarter, a major factor that boosted the UAE real e


Aurecon working on novel Saudi office project

Global engineering and infrastructure advisory company Aurecon said it is working on a new office building project in Jeddah, Saudi Arabia, which, on completion, will offer one of the most innovative working environments in the region. The project is being developed by Abdul Lati


Barwa signs $165m project finance agreement

Qatar-based Barwa Real Estate company said it has signed a new facility agreement with Qatar International Islamic Bank (QIIB) worth QR600 million ($165 million). The move is aimed at securing finance for a part of its upcoming projects, said a statement from Barwa.


Stirling Lloyd seals Qatar tunnel project deal

Stirling Lloyd, a leading UK manufacturer of coatings for the protection of infrastructure and buildings, said it has been selected to provide waterproofing for the new Lusail Tunnel that forms part of the $30-billion integrated transportation system in Qatar. The tunnel - and tr


Qatar completes $107m road work

Qatar's Public Works Authority (Ashghal) said it has completed the first two phases of Rawdat Rashed Road Development Project, aimed at providing a vital and safe link between Salwa Road and Dukhan Highway, at a cost of QR390 million ($107 million). The work, which included t


Seef Properties nine-month profit tops $18.8m

Bahrain’s Seef Properties has posted a net profit of BD7.13 million ($18.8 million) for the first nine months of the year, a growth of 4.1 per cent when compared with BD6.85 million ($18 million) achieved during the same period last year, reported the Gulf Daily News, our sister


Al Shirawi Interiors celebrates UAE nursery award win

UAE-based Al Shirawi Interiors said one of its key projects, Ladybird Early Learning Centre based in Dubai, has won top honours at the Commercial Interior Design Awards 2016. A Leed (Leadership in Energy and Environmental Design) Gold-certified nursery, Ladybird walked away with


UAE group Arkan approves 49pc foreign ownership

UAE-based Arkan Building Materials Company said it has won approval from the board of directors to open up its share register to foreign ownership. A leading construction materials company, Arkan was established in 2005. It is 51 per cent owned by General Holding Corporation (Sen


Probe ordered into Qatar stadium site death

The organising committee of the 2022 World Cup in Qatar has launched an inquiry into the death of a worker at the under-construction Al Wakrah stadium, said a report. This is the first time that the Qatari authorities have announced a work-related fatality at the site of the 2022


Thyssenkrupp wins big Turkish airport PBB order

Thyssenkrupp, one of the world's leading elevator companies, said it has clinched a multimillion-dollar contract from Turkish builder IGA Havalimani for supply of 143 passenger boarding bridges (PBBs) to the Istanbul New Airport. Thyssenkrupp said this was the biggest passeng

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