Friday 22 August 2014
 
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KHCB, Naseej sign housing loan deal

Khaleeji Commercial Bank (KHCB), one of Bahrain's leading banks, has signed a memorandum of understanding (MoU) with Naseej, a real estate solutions provider, to provide home financing credit facilities for an affordable housing project. This deal with offers property finance

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UAE property sector stays vibrant in summer

Property sector across the UAE remained vibrant during this summer with Dubai, in particular, witnessing impressive growth levels across different master developments, said a leading property agency. Both Dubai and Abu Dhabi will witness a buoyant market through the last quarter

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GCC water sector growth seen at 14-20pc

The water and wastewater industry in the GCC is growing at between 14 and 20 per cent a year and the region is expected to invest $130 billion over the next decade to meet future water and power needs, an expert has said. Speaking ahead of the upcoming WaterWorld Middle East Conf

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Kuwait eyes $28bn PPP projects in new plan

Kuwait plans to establish public - private partnership (PPP) projects worth KD8 billion ($28.17 billion) under the new five-year development plan announced recently. The Kuwait Development Plan (KDP) for 2015-2020 will also focus on economic reforms and the implementation of seve

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Kuwait signs $17.5bn projects this year

Kuwait has signed contracts worth $17.5 billion, with a number of large-scale projects already underway and at the development stage, said a report The new report released in mid-July said that the value of contracts in the pipeline for the year represents more than 50 per cent i

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UAE firms to hire more top management talent

UAE companies are set to hire 25 to 30 per cent more senior-level management employees in the next year or so, said a report. The construction and financial sectors across the GCC will witness a hiring boom, it said. Top experts have said that the Mena job market, the UAE in p

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8 parks in pipeline for Baniyas town

Eight new parks are being developed by the Abu Dhabi City Municipality in Baniyas town, on the outskirts of UAE’s capital, said a report. The work has already begun on four of these parks, while designs for constructing four others are being worked on, said the Khaleej Times repo

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Sharjah rules no rent hike for 2 years post 1st raise

Sharjah Municipality has ruled that landlords will not be allowed to raise rents for two years post the first increase, a report said. The first increase is permitted only after the expiry of three years from the date of signing the first lease agreement, added the report in Emir

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Kuwait to start work on metro soon

Kuwait is likely to start work on its much-delayed $20 billion metro project soon, a report said. The project will be built on a build-operate-transfer (BOT) basis, said the Emirates 24/7 report. The first phase of the project is expected to be completed in 2017. The five-phas

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Deloitte, Savills appointed to sell London’s Gherkin

Savills, a global real estate services provider, and Deloitte Real Estate have been jointly instructed to sell the iconic Gherkin, a 40-storey skyscraper in the heart of the financial district of London. It follows the appointment of Phil Bowers, Neville Kahn and Alex Adam of Del

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