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Construction software firm Opteam raises pre-seed capitalOpteam, an innovative AI-driven construction management software, has announced that it has successfully closed its pre-seed round for an undisclosed amount from Plus VC, a leading venture capital firm in MENA. Other strategic investors who participated in the More… |
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Radisson RED property to come up on Marjan IslandStirling Hospitality Advisors has signed Radisson RED as the brand for an upscale lifestyle hotel project on Marjan Island, set to open in Summer 2027. The project will be the first franchised Radisson RED property in the UAE, estimated to cost AED 215 million More… |
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Dubai investors earn record $16.3bn profit from property re-saleInvestors in Dubai real estate notched up record profits of almost AED60 billion ($16.34 billion) from the re-sale market last year, according to a report. The report by fäm Properties showed the secondary market generated capital gains of AED59.7 billion More… |
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EGA’s US recycling firm reaches construction milestoneEmirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas and the biggest ‘premium aluminium’ producer in the world, today announced the completion of civil works for the expansion project at the company’s US recycling firm Spectro Alloys More… |
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Meydan awards $144m contract for Naya at District OneMeydan, a member of Dubai Holding Real Estate, has awarded an AED529 million ($144 million) contract to Bhatia General Contracting Company for the construction of its Naya at District One project. Nestled in the prestigious Mohammed Bin Rashid Al Maktoum More… |
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Madayn celebrates completion of Samail Industrial City infrastructureOman’s Public Establishment for Industrial Estates (Madayn) on Wednesday celebrated the completion of infrastructure projects in Samail Industrial City. The infrastructure works included roads, lighting, fibre optic network, water network, and other vita More… |
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Abu Dhabi Dept of Energy, Aldar to advance energy, water efficiencyThe Abu Dhabi Department of Energy has signed a memorandum of understanding (MOU) with Aldar to strengthen collaborative efforts in energy and water efficiency, sustainability, and the preservation of resources. This partnership will further support joint effo More… |
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International Workplace Group opens two new workspaces in OmanInternational Workplace Group, the world’s largest provider of hybrid working solutions with leading brands like HQ and Regus, is opening two new state-of-the-art flexible workspaces in Sohar City Centre and Qurum City Center in Oman. These new wor More… |
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EtihadWE unveils major sustainability initiatives for RAKEtihad Water and Electricity (EtihadWE), together with the UAE Ministry of Energy and Infrastructure (MoEI), RAK Municipality, and RAK Public Services Department unveiled a series of ambitious sustainability initiatives at the World Future Energy Summit (WFES) on Wednesday. More… |
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Azizi Arian project launched in Jebel Ali Free ZoneAzizi Developments, a leading private developer in the UAE, has launched Azizi Arian, an aspirational living concept located within the Jebel Ali Free Zone (Jafza). As one of the very few freehold residential properties in Jafza, the project offers investors t More… |
