Tuesday 20 February 2018
 
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Dewa to provide 150 kW connections in one week

Dubai Electricity and Water Authority (Dewa) has announced new improvements to consultants and contractors as part of its Al Namoos service. Now, connections of up to 150 kW will be done in just one step within seven days, said a statement from Dewa. Connection cha

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Abu Dhabi stone temple work to be completed by 2020

The first traditional Hindu stone temple in the Middle East will be built at Abu Mureikha, off the Dubai-Abu Dhabi highway by 2020. The stones will be carved by temple artisans in India and assembled in the UAE, said a report.   The temple, set to be designed, c

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MAG awards Dubai mixed-use tower contract

UAE-based MAG Lifestyle Development (MAG LD) has appointed Dutch Foundation as the enabling contractor for its Dh550-million ($150 million) MAG 318, which is coming up in the Business Bay area of Dubai.   MAG 318 is a new mixed-use luxury residential tower that

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Dubai residential property prices 'under pressure'

Dubai’s residential property market shows few signs of bouncing back quickly from a now three-year downturn. Having stabilised in 2016, prices saw renewed declines last year as housing supply far outpaced demand, said a leading property firm Asteco.   

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Abu Dhabi off-plan sales activity robust in Q4

Off-plan sales are driving the Abu Dhabi housing market as the emirate continues to feel the pinch of reduced government spending and sluggish economic growth, according to leading international property company Chestertons Mena.   The off-plan sales activity re

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Iraq seeks $100bn funding to rebuild oil, petchem sector

Iraq is looking to attract $100 billion worth of foreign investment that would help it rebuild its oil refining and petrochemicals sectors and reconstruct crucial infrastructure after it repelled Islamic State out of its territory following a three-year war against the militants, said a repor

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Muraba commissions design of DIFC glass pavilion

Muraba Properties, the developer behind Palm Jumeirah’s Muraba Residences, has commissioned the design of a striking glass pavilion in Dubai International Financial Centre (DIFC), the leading international financial hub and destination for lifestyle, arts and culture. 

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Emaar profits hit $1.8bn in 2017

Dubai-based Emaar Properties made $1.8 billion in profit and close to $5 billion in sales in 2017, Mohamed Alabbar, chairman of the listed developer said.   The figure is an increase on the $1.43 billion profits reported in 2016.   

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Middle East Specialized Cables shines at GIF

Saudi Arabia-based Middle East Specialized Cables Company (MESC) introduced some of its new products with high-tech specifications at the Gulf Industry Fair 2018 in Bahrain. A specialist cable manufacturer, MESC includes a range of silicon rubber fire survival products and specia

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Metabo rolls out innovative products at Bahrain expo

It is Al Haddad Commercial Centre’s fourth time at the Gulf Industry Fair and this time too it has some world firsts to showcase at its stand. The company has been an exclusive agent for Metabo power tools in Bahrain for more than 10 years now. This year it is mainly highli

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