Tuesday 25 June 2019

Work in full swing at Egypt's grand museum project

Work on the 167,000-sq-m Grand Egyptian Museum (GEM) is progressing at a steady pace with the structural work fully completed and the surrounding roads almost ready, said a report. Work on the 167,000-sq-m Grand Egyptian Museum, an ambitious project for the Arab nation, is progre


Masaood's Abu Dhabi waterfront project 'in big demand'

UAE-based Masaood Developments has announced that it had received an overwhelming response from both Emiratis and expats for its freehold Abu Dhabi waterfront residential project, Azure Al Reem, within just four weeks of its launch. It is the first project to be available to foreign ex


Orascom completes Tamweel Group stake sale

Orascom Development Egypt (ODE), an integrated developer of resort towns in the Arab nation, said it has concluded the sale of its 87 per cent equity stake in Tamweel Group for E£360 million ($21.4 million) to Ebtikar for Financial Investment (Ebtikar), a joint venture between MM Group fo


BWTC twin-towers' occupancy hits new high in Q1

Bahrain World Trade Centre (BWTC), the kingdom's iconic landmark building, said it has achieved major growth in the occupancy levels with several new tenants signing up besides expansion of the existing leasing agreements for the twin towers. Designed by international archite


Abdul Latif Jameel Land starts work on Jeddah residences

Abdul Latif Jameel Land, a leading residential and commercial real estate developer in Saudi Arabia, has broken ground on Dari Q, a major residential project, featuring 158 premium two- to four-bedrooms apartments located in North Jeddah. Customer-centricity and community living,


Sotheby's International Realty opens new Qatar unit

Sotheby's International Realty Affiliates said it has joined hands with Alfardan Group, a premium lifestyle conglomerate in Qatar, to launch its second branded company in the Middle East in the capital Doha. Sotheby's International Realty currently has more than 22,700 af


Kuwait’s real estate deal value up 33pc in April

Kuwait's property market witnessed solid growth in April with the value of real estate transactions for the month surging to KD385 million ($1.26 billion), up 33 per cent over last year on the back of the sales of commercial, residential, and investment properties, said a report released by


Abanos wins Emaar's Dubai tower fit-out contract

Abanos, one of the largest and most established holistic interior fit-out and joinery companies in the UAE, was recently awarded the contract of the upcoming five-star Address Residences by Emaar located in Downtown, Dubai. The project situated in the Opera District is an exclusi


Dewa sets world record for gas turbine overhaul

Dubai Electricity and Water Authority (Dewa) has broken the world record in major inspection outages by re-engineering the gas turbine SGT-4000F overhaul process at the Jebel Ali Power and Desalination Complex. Dewa succeeded the completion of its major inspection outage within 1


Building retrofit 'key to meeting carbon emission targets'

Building retrofitting can help meet national targets and two important global deadlines to eliminate carbon emissions, said Saeed Al Abbar, the chairman of Emirates Green Building Council (EmiratesGBC). As nations move closer to meeting global timelines for eliminating carbon emi

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