Friday 22 August 2014

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


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


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


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


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


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


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


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


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


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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