Tuesday 2 September 2014

Dubai to open new ferry line

The Dubai Roads and Transport Authority (RTA) will be launching a new ferry line from the Marina Mall to Al Ghubaiba Station tomorrow (September 1). This comes as part of RTA's effort to enhance the tourist marine transport sector in the emirate by offering new and multiple o


UAE’s property valuations market growing

The property valuations market in the UAE is growing along with the real estate sector, according to a leading property expert. Property valuations have been a fair measurement tool that is used to determine the unbiased price of a property. This process assists both the seller a


Saudi’s Eastern Province builders plan new firm

Contractors in Ihsa, in Saudi Arabia's Eastern Province, are planning to establish a joint-stock company to carry out mega projects in the kingdom, a report said. "We are currently conducting a study to establish a joint-stock company that will comprise as many Saudi con


150 experts for Dubai construction summit

More than 150 senior construction professionals will gather to take part in a high level strategic debate on the state of the industry and the areas of growth at an upcoming high-level strategic conference in Dubai. The summit “Leaders in Construction UAE” will be hos


New construction head for Taylor Wessing

International law firm Taylor Wessing has appointed Nick Carnell as head of construction at its Dubai office. Carnell's appointment brings the total number of partners in the Dubai office to seven and follows the recent appointment of Habib Ullah as a partner to lead the fina


Omniyat, Drake to develop landmark Dubai project

Omniyat, a leading developer in the Middle East, has joined forces with construction major Drake & Scull International to build 'One at Palm', a landmark project strategically located at the entrance of Palm Jumeirah in Dubai, UAE. The ambitious project will be manage


Saudi homes without title deeds to get power supply

Saudi Municipal and Rural Affairs ministry in a major move has granted permission for the provision of power supply to even those houses which do not have title deeds. Minister Prince Mansour bin Miteb ordered municipalities across the Kingdom to provide utilities, such as electr


Emaar to launch malls unit IPO in Sept

Emaar Properties will launch an initial public offer to sell at least 15 per cent of its shopping malls and retailing unit on Dubai's main stock market in September, and plans to list the shares in October. The emirate's largest real estate developer will offer 30 per cen


Egypt to start work on Suez project development

Egypt will issue government certificates to finance the Suez Canal project on Monday, state media said, as the country aims to expand trade along what is the fastest shipping route between Europe and Asia. The project includes the development of 76,000 sq km around the canal into


Stability, jobs spur Bahrain’s housing market

Even as increased stability and job creation are driving growth in Bahrain's residential real estate market, occupier activity levels in the office market remain low, said an industry expert. "Although confidence levels are gradually improving, low activity levels in the

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