Monday 24 July 2017
 
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Riyadh real estate market ‘softens in Q2’

The real estate market in the Saudi capital Riyadh continued to ‘soften’ in the second quarter, with further declines in performance across the office, residential, retail and hotels sectors, according to JLL, one of the world’s leading real estate investment and advisory firm

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UAE ministry signs key mortgage deal with EDB

UAE’s Ministry of Finance (MoF) has signed a cooperation agreement with Emirates Development Bank (EDB) to create an electronic register to publicise related rights to ‘Mortgage of Movable Property’ under the management of EDB. The agreement aims to provide a le

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Cityscape to allow UAE developers to sell on-site

Cityscape Global, a major real estate exhibition in Dubai, is offering an opportunity for developers of UAE-based projects to sell on-site to homebuyers and investors for the first time. Taking place from September 11 to 13 at Dubai World Trade Centre, Cityscape Global will featu

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Oman to build new seawater desalination plant

Oman Power and Water Procurement Company (OPWP) has announced plans to develop a seawater desalination project in the Dhofar area of the sultanate with a capacity of 100,000 cu m per day, said a report. OPWP, which oversees procurement of all new water and electricity capacity in

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Saudi UBM inks strategic deal with Assa Abloy

Saudi-based Universal Building Materials Merchants Company (UBM) has signed a strategic alliance agreement with Assa Abloy Security Solutions Middle East (Assa Abloy), a leading manufacturer of door opening solutions across the globe. The move will help the two companies join for

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SDLG launches first asphalt compactor in MEA

Global construction machinery manufacturer SDLG has launched its first asphalt compactor for the Middle Eastern and African (MEA) markets. The introduction comes as infrastructure projects and investments increase in the region, particularly in Africa, said the company in a state

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Saudi Arabia seeks private players for big rail projects

In a major move, the Saudi Public Transport Authority (PTA) has opened its doors for the private sector, inviting global pioneering companies to partner in the construction and operation of railways in the kingdom, said a report. PTA has called upon the experts in the field of bu

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Sadara announces start-up of its amines facility

Sadara Chemical Company (Sadara), the largest chemical complex ever built in a single phase, has successfully started up its amines plant.    The Sadara amines plant is composed of two separate facilities, the ethanolamines plant and the ethyleneamines plan

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AlJaber seals $438m Qatar warehouses contract

Qatar-based AlJaber Engineering (JEC) has been awarded contracts worth QR1.6 billion ($438 million) by New Port Project (NPP) steering committee for designing and building food security facilities and warehouses at Hamad Port in capital Doha. As per the agreement, JEC will develo

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Qatar opens first phase of New Orbital Highway

Qatar's Public Works Authority (Ashghal) said it has opened the first phase of the New Orbital Highway and Truck Route, which will serve as a vital link between the southern and northern areas of the country. Phase One includes the opening of 125-km-long roads extending from

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