Sunday 20 January 2019

Al Ramz appointed liquidity provider for Emirates REIT

Equitativa, the largest REIT (real estate investment trust) manager in the GCC, said it has appointed Al Ramz Capital, a leading financial services firm based in Abu Dhabi, as the liquidity provider for its shari'a-compliant Emirates REIT. Equitativa is the manager of Emirate


Saudi WEC picks eight global firms for key desal projects

Saudi Arabia's Water & Electricity Company (WEC) has prequalified eight major international engineering groups as supervision consultants for the upcoming desalination projects in the kingdom. These include Finland's Pöyry, Spanish groups Typsa and Ayesa, British


Kuwait set to float $493m gas pipeline tender in February

Kuwait Oil Company (KOC) is set to next month float the final tender for a  KD150-million ($493 million) gas pipeline planned mainly for transportation of natural gas from North Kuwait to its refinery in Mina Ahmadi, said a report.    KOC is currently evaluating bi


Du in deal to offer smart city services at Dubai Silicon Oasis

UAE-based Emirates Integrated Telecommunications Company (du) is set to partner with Orange Business Services, a unit of French multinational telecommunications group Orange, to deliver a complete range of smart city services for Silicon Park. Silicon Park, the first integrated s


Shuaa issues $135m sukuk for Saudi developer Jabal Omar

Shuaa Capital, a premier financial services company in the UAE, has announced the issuance and private placement of a $135-million Islamic bond (sukuk) for Jabal Omar Development Company (JODC), one of the largest publicly-listed real estate companies in Saudi Arabia, as it seeks to strategical


Nakheel starts work on Dubai skyscraper infinity pool

Master developer Nakheel has started the construction of a rooftop infinity swimming pool at its 52-storey, luxury hotel and residential complex, The Palm Tower, coming up in the heart of Palm Jumeirah in Dubai. The infinity pool, one of the highest in the world, is perched 210 m


Azizi awards Dubai plot development contracts

Azizi Developments, one of the leading private developers in the UAE, has awarded a major contract worth more than Dh216 million ($59 million) to Chirag Contracting, a BRV Global Group company, for developing four plots with a total area of over 1 million sq ft at its key developments - Azizi R


Penspen wins Feed contract for Morocco pipeline project

Penspen, a leading global provider of engineering and project management services to the energy industry, has announced that it has been awarded a contract to execute Phase One of the Feed (front-end engineering and design) contract of the proposed gas pipeline between Nigeria and Morocco.


Savills rebrands Mideast ops after Clutton takeover

International real estate advisor Savills has rebranded its Middle East business following the acquisition of Cluttons Middle East on May 31 last year. The firm, which was previously represented by associates in the Middle East, has completed a successful six-month integration pr


Bentley tools help Oman Gas boost reliability growth

Bentley Systems, a leading provider of comprehensive software solutions for advancing infrastructure, said it has helped Oman Gas Company (OGC) improve its reliability growth at a significant rate of nine per cent in a year using the auto-alert and email notification features of Bentley’s

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