Thursday 31 July 2014

UDC posts 34pc increase in H1 profit

United Development Company (UDC), a leading Qatari shareholding company and master developer of The Pearl-Qatar, has reported a net profit of QR521 million ($143 million) in the first half of the year, up 34 per cent.   The


Deyaar profit doubles on new project launch

Dubai-based property developer Deyaar said on Wednesday its second-quarter net profit more than doubled, buoyed by the launch of its hotel apartment project.   Deyaar made a quarterly consolidated net profit of Dh62.5 millio


Dubai office rents continue to rise: CBRE

Dubai’s office rents are continuing to rise due to the growing economy and increasing business confidence, according to a CBRE report.   The Q2 2013 Dubai Market View by the property advisor, said the average Central B


Dilmunia wins visual identity award

Dilmunia at Bahrain has won the best visual identity award at the 2014 Transform Mena Awards in recognition of its strategic and creative visual brand positioning.   Dilmunia is a project by master developer Ithmaar Developm


Alwaleed Foundation offers 617 homes to needy

Saudi-based Alwaleed Bin Talal Foundation chaired by Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, has provided 617 residential units for Saudi citizens in need, thereby increasing the number of beneficiaries of the housing initiative to 7,782 citizens. Alwaleed Bin Talal Found


Bahrain's first 'green' school project unveiled

Work on Bahrain's first school integrating modern green technology is 60 per cent complete.   Education Minister Dr Majid Al Nuaimi yesterday (July 22) unveiled the world-class project at Wadi Al Seel, in the Southern Go


Egypt steel industry files anti-dumping claim

Egypt's steel companies have filed a petition against rebar and wire rod imports from China, Turkey and Ukraine, one of its top steelmakers said, the latest move in a years-long quest to protect the fledging industry from low-priced imports. Egyptian Steel and other major ste


Kohler’s touchless toilet marks a new era

Revolutionising the way homeowners flush their toilets, Kohler, a global leader in kitchen and bath design and technology, has introduced the its new Touchless toilet technology for the first time in the UAE and Middle East. True to its name, this new technology allows users to f


Tasweek promotes Dubai Smart City events in US

Tasweek Real Estate Development and Marketing, a provider of comprehensive real estate development solutions for the UAE and the broader Middle East, has involved various US companies in different segments to introduce and endorse the Smart Living City Dubai shows during its visit to the US.


300 Damac units sold out in one night

Damac Properties’ ‘Akoya by Damac’ project, which was recently launched, sold out during a suhoor which took place in six venues across the UAE last night (July 21).   More than 300 investors from Saudi Ara

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