Wednesday 2 September 2015

Mideast leads global demand for cement

The Middle East and Africa region will lead the world in cement demand with an annual growth of 5.5 per cent until 2019, a new report said. World demand for cement is projected to rise 4.5 per cent per year to 5.2 billion tonnes in 2019, elaborated the report entitled World Cemen


Saudi Arabia may delay some infrastructure projects

According to Bloomberg, the Saudi government is conducting a review of capital spending plans with advisers, said an industry expert, adding that the government is looking to delay or shrink some infrastructure projects, and may be contemplating budget capex cuts of 10 per cent or more.


Oman committed to currency peg

Oman is committed to maintaining the peg of its currency against the US dollar despite the drop of oil prices, central bank executive president Hamood Sangour Al-Zadjali said. "We are committed to keeping the Omani rial pegged to the US dollar," Al-Zadjali texted to Reu


Empower signs deals worth $8.4m in July

Dubai-based Empower, the largest district cooling services provider in the world, won eight servicing contracts valued at Dh31 million ($8.4 million) in July, while also adding 35 buildings to its existing service portfolio. Bin Shafar, CEO of Empower said: “Most of the rea


Red Sea Mall launches $53m expansion

The Red Sea Mall, Jeddah’s biggest shopping centre and family entertainment complex, launched its SR200 million ($53 million) expansion project at a special ceremony recently. “The Red Sea Mall’s SR200 million expansion strategy is the largest mall expansion in Saudi


Cityscape Global sees 15pc rise in exhibitors

Cityscape Global, the Middle East’s largest property showcase upcoming in Dubai, UAE, has registered a 15 per cent increase in exhibitors for this year’s event, said event organisers. The 14th edition of the event takes place from September 8 to 10 at the Dubai World


Imdaad unveils growth plans to complement FM sector

Imdaad, a leading provider of integrated facilities and waste management solutions in the GCC, has revealed its strategic growth plans that will complement the region’s bustling facilities management sector.    The growing awareness among consumers ab


Dubai property stable, Abu Dhabi gains in July

The Dubai real estate market continued to stay steady in July with more affordable housing units entering, while Abu Dhabi saw both rental returns and prices returning to positive growth, a report said. The market stabilisation and the government’s cooling measures have no


Dubai Property Show in Mumbai this November

Dubai Property Show, the emirate’s popular real estate exhibition, will be held for the first time in Mumbai, India from November from 6 to 8 at the Bombay Exhibition Centre. Organized by Sumansa Exhibitions in association with Dubai Land Department as the official sponsor,


Cluttons appoints new global head of research

International real estate consultancy, Cluttons, has revealed ambitious plans to expand its international capabilities by appointing Faisal Durrani as its new global head of research. Durrani will lead a new research team to enhance the company’s development of market analy

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