Bahrain's residential rental rates stable
The residential market in Bahrain has seen little change in the last quarter of 2014 with a marginal increase of two per cent in prime locations mainly in the northwest of the island, which is populated by expatriates, said a report.
UAE developer plans $80bn giant city in Cairo
NEW AIRPORT, HOTELS PLANNED
Abu Dhabi-based Eagle Hills plans to build a new city near Cairo, Egypt, comprising a large number of homes for low- and middle-income buyers, at an estimated cost of $75 to $80 billion over a 12-year period, said a report.
Bahrain road revamp project progressing well
The work is progressing well on the revamp of Sheikh Ahmed bin Salman Avenue in Bahrain with about 60 per cent of the project completed, said a report.
Sharjah utility raises $500m loan for expansion
Sharjah Electricity & Water Authority (Sewa) has raised a $500 million syndicated Islamic loan which will be used to fund its infrastructure and expansion plans in the emirate.
Bahrain move on stalled projects to boost investor confidence
Bahrain first formalised the rights of tenants and landlords through a formal tenancy registration process and is now working to complete the stalled residential projects, thus providing a major boost to the investors' confidence.
Saudi-US JV breaks ground for new factory at KAEC
Al Salem Johnson Controls (ASJC), a joint venture between the Saudi Arabia’s Al Salem Group and US-based Johnson Controls has laid the foundation stone for a new manufacturing facility and training centre at King Abdullah Economic City.
Doha metro geotechnical work on track
Advanced Construction Technology Services (ACTS) is set to complete the geotechnical engineering works, including the soil testing, for the three key lines of Doha Metro, said a report.
Eiffel Management buys DIB stake in Emirates REIT
Emirates REIT, a UAE-based real estate investment trust, has announced that Eiffel Management has today (March 1) acquired Dubai Islamic Bank’s 25 per cent stake in Emirates REIT Management, the manager of Emirates REIT.
Acwa gets $344m loan for Dubai solar project
Saudi Arabia's Acwa Power is obtaining a loan of about $344 million from three banks to finance a solar energy project in Dubai, UAE, chief executive Paddy Padmanathan said on Sunday.
London hot property market for Mideast investors
London remains an attractive destination for the investors from the Middle East region who are looking to expand their property portfolio, according to a property investment firm.
RTA opens vital road sector in Dubai
Dubai's Roads and Transport Authority (RTA) has opened a new vital road sector aimed at easing the mainstream traffic flow to Discovery Gardens heading towards the Sheikh Zayed Road in the UAE emirate.
Mott MacDonald, Khudairi to deliver key Iraqi projects
Mott MacDonald, a global management, engineering and development consultancy, has joined hands with leading Iraqi group Khudairi to deliver oil and gas projects in the country.