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The Avenues-Bahrain seals deal with LuLu on Phase 2 expansionThe Avenues-Bahrain, the largest sea front shopping and entertainment destination in Bahrain, has announced the signing of a significant contract with LuLu Hypermarket for the opening of its Phase 2 expansion project. This strategic partnership marks a pivotal More… |
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NHC, Talaat Mostafa Group break ground on $8bn Saudi citySaudi Arabia's National Housing Company has joined hands with the Talaat Mostafa Group for the ground breaking of its premium development - Banan City - being set up at a total investment of SAR40 billion ($12 billion) in Northeast Riyadh. Strategically lo More… |
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Property shortage to fuel growth for Saudi developers, says S&PReal estate developers in Saudi Arabia are set to benefit from strong demand for properties, underpinned by the population growth and home-ownership targets under the government's Vision 2030 programme, according to a report by S&P Global Ratings. More… |
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RAK Properties Q1 pre-tax profit at $12.4m, revenue up 12pcRAK Properties, Ras Al Khaimah’s pioneering publicly listed property developer, has seen a 12% increase in revenue to AED289.81 million ($78.9 million) in Q1 2024 and a pre-tax profit of AED45.54 million ($12.4 million) for the quarter. The revenue growth has been underpinned by the ong More… |
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Emrill on track to achieve a greener, more sustainable futureUAE-based total facilities management service provider Emrill has announced that it is making significant progress towards its sustainability targets for 2024. The organisation is on course to meet its goals in critical areas of environmental impact redu More… |
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RAK Ceramics Q1 profit after tax drops 21.5pc to $17.13mRAK Ceramics, one of the largest ceramics lifestyle solutions providers in the world, has seen its first-quarter profit after tax drop 21.5% to AED62.9 million ($17.13 million). The company’s revenue for the quarter fell 11.4% to AED781.6 million and EBI More… |
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Abu Dhabi issues decree to improve air quality, cut noiseAbu Dhabi has issued a decree which aims to preserve the environment, improve ambient air quality, reduce air pollutants emitted from stationary and mobile sources, and keep noise levels within permissible limits in the emirate. Decree No (2) of 2024 regarding More… |
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DP World completes major expansion of Mina Al HamriyaDP World has announced the completion of the Mina Al Hamriya expansion project, enhancing the Dubai port's operational capacity and reinforcing its status as a key hub for trade across the Gulf region, East Africa, and India. The enhancements include the c More… |
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CGG, Baker Hughes in deal to offer carbon capture solutionsCGG, a global technology and HPC leader, has signed an agreement with Baker Hughes, one of the world's largest oil field services companies, to facilitate offering of carbon capture and storage solutions worldwide. The deal was inked at the 2024 Offs More… |
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Al Habtoor Tower achieves key safety milestoneAl Habtoor Group, a leading UAE business conglomerate, said it has achieved a major safety milestone at its landmark project in Dubai, Al Habtoor Tower, by clocking a record two million working hours with zero Occupational Safety and Health recordable injuries, a remarkable milestone accompli More… |
