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MAG Group plans $544m new real estate project in Dubai

MAG Group Holding plans to announce a new real estate project called MAG Square within the next two weeks with a market value of up to AED2 billion ( 544.59 million) said Moafaq Ahmad Al Gaddah Founder...

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Georg Fischer opens new commercial office in Riyadh

Georg Fischer (GF) a Swiss company dedicated to the manufacture supply and marketing of thermoplastic piping systems has announced the opening of its commercial office in Riyadh. With this move GF aims...

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RTA inks deal with Jafza to advance integrated road regulation in Dubai

Dubai s Roads and Transport Authority (RTA) has signed a co-operation agreement with Jebel Ali Free Zone Authority (JAFZA) to advance regulatory integration in support of implementation of regulating roads...

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Arabian Construction Company names new Chief Technology Officer

Arabian Construction Company Group (ACC Group) has appointed Eric Savage as its new Chief Technology Officer (CTO). The appointment comes as ACC Group continues to expand its capabilities in response to...

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CBMI joins World Cement Association as associate corporate member

The World Cement Association (WCA) has announced that CBMI Construction Company has joined the Association as an Associate Corporate Member. Established in 1959 CMBI is a global leading service provider...

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Dubai property market bottomed in March as demand rebounds strongly

As US-Iran negotiations move toward a final and permanent ceasefire resolution two constituencies are watching closely - Global markets where a deal could mean lower oil prices and renewed equity momentum...

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Abu Dhabi freezes rents for residential, commercial properties

Abu Dhabi has imposed a temporary freeze on rents across the emirate barring landlords from increasing lease rates for residential commercial and industrial properties until further notice in a move expected...

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Sharafi unveils luxury waterfront development on Dubai Islands

Sharafi Group Investments the century-old Emirati family-owned conglomerate with diversified interests spanning hospitality properties facilities management contracting and consulting has officially launched...

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Tabreed appoints new Chief Asset Management Officer

Tabreed the world s leading district cooling company today announced that its Board of Directors has appointed Atef Mohamed Awadh AlBreiki as its new Chief Asset Management Officer with immediate effect....

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Kepco secures $1.4bn Saudi cogeneration project from Aramco

Korea Electric Power Corp (Kepco) has secured a key contract to develop the second phase of Saudi Arabia s Jafurah cogeneration power plant expanding its presence in the Middle East s growing energy sector...

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Abu Dhabi's rents freeze to enhance confidence of residents, businesses

The temporary freeze on rents in Abu Dhabi has been implemented to create a predictable people-centred residential environment where households and businesses can plan with confidence and security said...

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EWEC announces TAQA as key partners to develop Taweelah C IPP project

EWEC (Emirates Water and Electricity Company) a leading company in the integrated planning purchasing supply and system despatch services of water and electricity across the UAE has announced the award...

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Damac Digital's planned IT capacity landbank hits 6,000MW

Damac Digital has announced that its planned IT capacity landbank has reached 6 000MW across 13 countries and a planned portfolio of 35 sites positioning it as one of the fastest-scaling global digital...

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AD Ports acquires top Brazilian port terminal operator for $835m

AD Ports Group has acquired Corredor Logística e Infraestrutura (CLI) Brazil s leading independent agri-bulk port terminal operator entering the South American market with a strategically major expansion...

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Red Sea Global achieves major carbon reduction milestone

Red Sea Global (RSG) the Saudi developer behind key Saudi tourism destinations The Red Sea and Amaala said it has secured an independent third-party verification from DNV confirming that the company avoided...

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Shurooq, Afhad to develop key Sharjah plot into new retail destination

The Sharjah Investment and Development Authority (Shurooq) has signed an agreement with Afhad Holding to activate a 15 095-sq-m plot in Kshisha into a new retail destination marking a key step in expanding...

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