Monday 10 December 2018

ETHPE Contracting wins UAQ landfill project contract

UAE-based construction group ETHPE Contracting has won a contract from the Ministry of Climate Change and Environment (Moccae) for a landfill rehabilitation project in the northern emirate of Umm Al Qaiwain. A major player in the region, ETHPE provides sustainable public works, h


Long-term UAE visas ' boon to residents, property investors'

DIFC Courts Wills Registry for Non-Muslims has welcomed the government’s decision to issue long-term visas and believes it will encourage more UAE residents to protect their family’s financial future with the certainty of a safe and enforceable Will. The Wills Registr


Millennium opens mid-market property in UAE

Studio M Arabian Plaza, the first Studio M in the Middle East region and the first property to be introduced under the ‘M collection’ portfolio under Millennium Hotels & Resorts in the UAE, opened its doors to guests. With a total inventory of 323 hotel rooms and


Yas Waterworld named ‘world’s leading waterpark’

Yas Waterworld Abu Dhabi, the unique Emirati waterpark on Yas Island, was awarded the title ‘World’s Leading Waterpark’ at the World Travel Awards gala this week in Lisbon, Portugal. Abu Dhabi’s iconic waterpark racked up more votes than its fellow nominee


Saudi office rents 'under pressure' amid oversupply

Saudi Arabia's office market rents and occupancy levels have been under pressure for the past two years and this trend continues into 2018 amid increasing levels of supply and subdued occupier demand, said leading global property expert Knight Frank. Key prime schemes continu


BBK seals mortgage finance deal with Bahraini developer

Bahraini bank BBK said it has signed a strategic partnership deal with Era Projects, a major developer of residential projects, to provide mortgage financing for its Era View Tower in Hoora area of the kingdom. Located along Al Fatih Highway right in the heart of Bahrain, The Era


Bilfinger, US group RATE to boost Mideast operations

Bilfinger, the engineering and industrial solutions powerhouse has signed an agreement with California-based sour gas and sulphur management technology licensor RATE to establish a strategic co-operation that would position both companies to accelerate growth in the Middle East region.


UAE firm unveils new tool for faster property sale

UAE-based Property Finder, a real estate portal with a major presence in the Middle East and North Africa (Mena) region, has launched an exclusive new ‘Pricing Report’ that helps agents in each area to better assist homeowners in achieving a faster property sale. A ha


Orascom Construction's 9-month net profit up 45pc

Orascom Construction, a leading engineering and construction contractor in the region, has reported a net profit of $119.3 million for the period between January and September, up 45 per cent over the previous year's figure of $82.3 million. Announcing the results for the per


Dewa waives new connection fee for businesses

The Dubai Electricity and Water Authority (Dewa) said that it has waived new connection charges for connections of up to 150kW for commercial and industrial customers, for the next two years, in a move that boosts Dubai's economy. Saeed Mohammed Al Tayer, managing director an

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