Monday 19 November 2018
 
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Dubai RTA takes delivery of first of 50 metro trains

Roads and Transport Authority (RTA) said the first of the new Dubai Metro trains had arrived in the emirate, with a total of 50 to be delivered by the end of October next year.    Of these, 15 will be used for serving Expo 2020 network and 35 to enhance the

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Alkhabeer Capital launches Saudi real estate fund IPO

Alkhabeer Capital, a Saudi-based asset manager specialised in alternative investments, has launched the initial public offering (IPO) of its shari’ah-compliant Alkhabeer REIT (real estate investment trust) fund, of SR1 billion ($266.4 million).   The IPO s

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Golden Gate Developers unveils Bahrain twin tower project

Golden Gate Developers, a joint venture between Bahraini-based company Kooheji Golden Gate and Indian real estate companies Ajmera Realty and Mayfair Housing, has unveiled its new residential development project, Golden Gate, which will come up in the heart of Bahrain Bay.  

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Louvre Abu Dhabi draws over 1m visitors on first anniversary

Louvre Abu Dhabi, the architectural icon in the UAE capital, has announced that it welcomed more than one million visitors in its first year, establishing itself as one of the leading cultural institutions on the global stage.    Since opening on November 1

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Design International names Dubai office director

Design International, an innovative architectural practice with vast experience on a global scale, has appointed Mark O’Neill RIBA as the new office director for its Dubai office.   Regarded as one of the industry’s leaders in retail architecture, De

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EGA takes delivery of locomotives for W Africa project

Emirates Global Aluminum (EGA) has announced the arrival of two SD40-2 shunting-locomotives that will be used on its under-construction bauxite mining project in the West African country of Guinea.   The largest industrial company in the UAE outside oil and gas,

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Dubai group Aras arranges $816m funds for 100 projects

Aras Group, a Dubai-based diversified financing experts, has helped arrange Dh3 billion ($816 million) worth of funds for 100 projects across a diverse portfolio ranging from real estate, renewable energy and hospitality to start-ups, refineries and shippping sectors. The company

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UAE kicks off green energy projects in the Caribbean

The first three renewable energy projects under the $50 million UAE-Caribbean Renewable Energy Fund (UAE-CREF) have broken ground in the Bahamas, Barbados and Saint Vincent and the Grenadines, the UAE Ministry of Foreign Affairs and International Cooperation (MOFAIC) announced today.

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NREC wins approval to convert Agility loan into equity

National Real Estate Company (NREC) said it has won approval from shareholders to convert the KD31-million ($101.7 million) loan taken from Agility Investment Holding Limited Company into 272.8 million shares in the company's share capital at the nominal value of 100 fils per share and shar

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Orascom Construction adds $520m new contract wins in Q3

Orascom Construction, a leading global engineering and construction contractor, said it has added $520 million of new awards to its backlog in the third quarter. Egypt accounted for approximately 60 per cent of the new awards while the US represented the balance. Consolidated bac

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