Wednesday 20 October 2021

Etihad Credit Insurance seals partnership with SkyPower

UAE's federal export credit company Etihad Credit Insurance (ECI) has entered into a strategic sustainability partnership with SkyPower, one of the largest and most successful developers and owners of utility-scale solar (PV) energy projects in the world.  


National Marine Dredging net profit up, revenue hits $1.4bn

National Marine Dredging Company (NMDC) has reported a significant increase in its net profit for the first nine months of the year which surged to hit AED501 million ($137 million).   The profitable third quarter performance followed the integration o


King Hamad hospital gets NBB funding for solar panel installation

The National Bank of Bahrain (NBB) has extended its support to the new King Hamad American Mission Hospital (AMH) to finance the construction of the hospital which includes installation of solar panels.    Set to open in 2022, the hospital will be the first


Azizi extends RAK Ceramics' supply contract for Dubai project

UAE-based Azizi Developments said it has extended its agreement with RAK Ceramics, one of the largest premium ceramic brands in the world, for supply of its floor and wall tiles in apartment and bathroom fittings, for its prestigious phase 3 of Riviera in MBR City.   


Union Coop launches innovative food truck project for SMEs

Union Coop, the largest consumer cooperative in the UAE, has announced the launch of its national project, Mirdif Park Way, intending to support small and medium-sized Emirati entrepreneurs and urge them to engage in commercial activities and to expand with investment.  


Industrial assets are the best performing realty across Africa

Industrial assets across Africa are commanding attractive yields of approximately 12% on average compared to 9% for both retail and offices and 6% for residential. This makes the sector all the more attractive to investors, according to a new Knight Frank Industrial report.  


Dubai Investments plans $272m resort on RAK's Al Marjan Island

Dubai Investments, a leading diversified investment company, has signed an agreement with Marjan, the master-developer of freehold properties in Ras Al Khaimah, to acquire land to develop a AED 1 billion ($272 million) mixed-use beachfront residential, beach resort and lifestyle destination o


Dubai South Properties launches freehold commercial plots

Master-developer Dubai South Properties has announced the launch of The Avenue, a key project offering limited number of freehold plots that can be purchased on a payment plan and developed by investors for commercial use.    The new launch comes following


Damac joins Irish group to set up data centre facilities in Europe

  UAE-based Damac Group has joined hands with Dataplex Group, a data centre colocation, engineering and construction solutions company headquartered in Dublin, Ireland.    The partnership will focus on brownfield projects invol


SWPC seeks bids for Jubail-Buraidah water pipeline project

Saudi Water Partnerships Company (SWPC) has invited expressions of interest (EOI) for the development of the 603-km-long Jubail-Buraidah Independent Water Transmission Pipelines Project with a transmission capacity of 650,000 cu m per day.   This comes as part o

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