Sunday 28 August 2016
 
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Reef

Australian PM pledges $738m to help ailing Great Barrier Reef

Australian Prime Minister Malcolm Turnbull, facing a tight re-election battle, pledged on Monday a A$1 billion ($738 million) fund for the Great Barrier Reef, where scientists say mass coral bleaching has destroyed vast tracts of the World Herit

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Residents evacuated after Reef Island fire

Scores of occupants of a major luxury residential complex in Bahrain were evacuated yesterday (February 11) after a fire broke out in a restaurant on the ground floor of one of the buildings. Plumes of smoke were seen over Reef Island after th

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Out-of-court deal urged in real estate dispute in Bahrain

The parties involved in a dispute over a real estate development project in Bahrain have been urged to seek an out-of-court settlement so as not to harm the personal interests of owners, investors and the master developer. Deputy

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Disputes arise over delay on Bahrain island development

A dispute over penalty demands and right of access has broken out between the master developer of a $1.5-billion man-made island project in Bahrain and around 60 developers and property owners there. Lulu Tourism Company (LTC), th

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Enec completes giant artificial reef

The Emirates Nuclear Energy Corporation (Enec) has announced the successful completion of a 6,700-sq-m artificial reef, roughly the size of a football field, on the shorelines of Barakah, UAE. Developed in partnership with the Nat

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New underwater tourism project planned in Dubai

Reef Worlds, a US-based reef developer, said it has completed the design works on Pearl of Dubai, which is set to become the largest sustainable underwater tourism site in the world. The underwater tourism design company based in

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Jordan firm acquires mediaME

Jordan-based Reef for Software Development, the parent company of ShooFeeTV, has announced the acquisition of mediaME, the largest online community of advertising and media professionals in the Middle East, from MediaScope. mediaM

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Artificial reefs to bolster Bahrain’s seas

More than 2,500 artificial "reef balls" will be submerged off the coast of Bahrain in a bid to boost the country's marine resources. The cement spheres will be dropped at pre-determined locations in the country's waters over the next year

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Reef expands its management team

Reef - Real Estate Finance Company said it has expanded its managment team, with the appointment of Ali Salem and Mukhtar Al Toblani into key positions. Mahmood Al Koofi, CEO of Reef said the additions were in line with the company's strat

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$13.2m mall planned in Malkiya, Bahrain

A new BD5 million ($13.2 million) shopping complex will open in November in Malkiya, it was announced on Wednesday. The Reef Shopping Mall, built on an area of 5.4 hectares, will include a hypermarket, shopping outlets, food court, multipu

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