Tuesday 7 July 2015
 
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Higher land lease rates causes concern in Bahrain

A decision to increase rates for leasing land in Bahrain from 200 up to 600 per cent has caused concern among business owners. Rates for industrial land will be doubled to BD1 ($2.6) per square metre, rates for logistics services land will incre

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AlRajhi in deal to develop key Saudi project

AlRajhi United, a leading investment company in Saudi Arabia, said it has completed a land acquisition deal worth nearly SR600 million ($163 million) in Riyadh to develop one of the most distinguished projects in the kingdom. The

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Bahrain’s private sector to face more subsidy cuts

More subsidies cuts targeting the private sector are being considered in Bahrain, including fees for government services such as land registration and sewage drainage at commercial properties. The government intends to provide suc

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Bahrain’s private sector to face more subsidy cuts

More subsidies cuts targeting the private sector are being considered in Bahrain, including fees for government services such as land registration and sewage drainage at commercial properties. The government intends to provide suc

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SAIF Zone to add 3m sq m area to existing facility

Sharjah Airport International Free Zone (SAIF Zone) said it is set to add three million sq m area to the existing area of 6.1 million sq m of industrial and commercial land. It revealed its plans during its participation at Projec

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Plan to impose fee on owners of vacant plots in Bahrain

Fees could be imposed on owners of vacant plots of land following a proposal made yesterday (May 17) by the Muharraq Municipal Council in Bahrain. Financial, administrative and legislative committee chairman Ghazi Al Murbati said

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Mahmoudia unveils new Discovery Sport in Jordan

Mahmoudia Motors, the sole and official dealer of Jaguar and Land Rover cars in Jordan, unveiled Land Rover’s latest new Discovery Sport, at an event recently. Held at the dealers showroom in Wadi Saqra, the event drew the p

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Land Rover to debut 2016 Range Rover Sport

Land Rover is set to present the new Range Rover Sport HST at the New York International Auto Show 2015. The HST enhances the high performance Range Rover Sport driving experience with its uprated 380PS 3.0-litre supercharged V6 p

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Bahraini private hospital selling land to pay staff

A private hospital in Bahrain is reportedly planning to sell off land to raise the money it needs to pay staff. International Hospital of Bahrain (IHB) medical director Dr Abdul Shaheed Naseeb blamed an 80 per cent drop in busines

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Saudi real estate shares tumble on new tax plan

Saudi Arabian real estate shares tumbled on Tuesday after the cabinet approved a proposal to tax undeveloped land in urban areas - a policy that could shake up investment incentives in the kingdom and help to resolve a housing shortage.

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