Monday 27 April 2015

Gamesa wins 220MW wind farm contract in Egypt

Spanish-based Gamesa, a global technological leader in the wind industry, has won a tender for turnkey construction of a 220-MW wind farm in Egypt. The project, which was awarded by the NREA (New & Renewable Energy Authority) by means of an international tender, will receive


Islamic REITs to be launched on Bahrain Bourse

Islamic real estate investment trusts (REITs) will be launched on Bahrain Bourse next month, chief executive Shaikh Khalifa bin Ebrahim Al Khalifa said yesterday (April 22). “We also plan to launch the Bahrain Investment Market, an alternative market geared towards bridging


Dewa hosts brainstorming session at Wetex

Dubai Electricity and Water Authority (Dewa) organised a brainstorming session during the Water, Energy, Technology, and Environment Exhibition (Wetex 2015) being held in Dubai, UAE. The event concludes on Thursday (April 23) at the Dubai International Convention and Exhibition C


AA Real Estate launches sale of Dubai luxury villas

AA Real Estate Development has announced the sales launch of M.State by Ocean Breeze, a collection of five landmark villas located on frond M of the Palm Jumeirah in Dubai, UAE. Developed and marketed by AA Real Estate Development, M.State by Ocean Breeze sits on the very tip of


Raine & Horne to sell homes on Palm Jumeirah

Australian real estate agency Raine & Horne has signed a deal with Dubai-based hospitality developer Seven Tides to market the freehold luxury five-star Anantara Residences on the Palm Jumeirah, worth Dh 1.4 billion ($381 million). The signing ceremony, which took place in Du


Kanoo launches new Hyster and Utilev forklift trucks

Kanoo Machinery, a member of the Kanoo Group, has launched a new range of Hyster and Utilev forklift trucks equipped with the latest innovations and accessories into the UAE and GCC market at a recent materials handling event in Abu Dhabi and Dubai. The three-tiered offering will


Abu Dhabi launches tool to help follow signage rules

The Abu Dhabi Urban Planning Council (UPC) today launched a new tool which will make it even simpler for business owners and signage manufacturers to adhere to commercial signage regulations. The Abu Dhabi Commercial Signage Regulations govern commercial signs on buildings and ar


Qatar's state utility Q1 profit rises 15.7pc

Qatar Electricity and Water Company (QEWC), the country's monopoly utility, reported a 15.7 per cent rise in first-quarter net profit on Wednesday. The state-run firm made a profit of QR346 million ($95.06 million) in the three months to March 31, up from QR299 million ($82.1


Laws 'key to sustainable property market'

New governmental real estate laws are vital in ensuring a sustainable property market in Abu Dhabi, say 61 per cent of industry experts at the Cityscape Abu Dhabi. With property expert JLL revealing in its latest quarterly report that market conditions in Abu Dhabi during Q1 2015


Arabtec eyes funding for big Egypt housing project

Dubai builder Arabtec said on Wednesday it was in talks with several local and international banks on financing the first phase of its project to build one million housing units in Egypt. Arabtec, which has yet to sign a final deal on the project with the Cairo government, did no

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