• Union Properties names new CEO


    Union Properties, one of the leading property investment developers in the UAE, has appointed Ahmed Yousef Abdulla Hussain Khouri as its new chief executive officer.

  • Al Ghurair makes substantial power, CO2 reductions


    UAE-based industrial conglomerate Al Ghurair is registering substantial savings in power consumption and slashing an estimate of 10 to 30 per cent of its carbon emissions through its various environmental sustainability initiatives.

  • Seef Properties' H1 net profit surges 16pc


    Bahrain-based Seef Properties has registered a net profit of BD5.2 million ($13.7 million) for the first half of 2017, up 16 per cent compared to BD4.5 million ($11.8 million) the same period last year.

  • China seals $1.5bn Iran rail line electrification deal


    China has signed a $1.5-billion agreement with Iranian authorities to finance the electrification of a high-speed rail line between the capital Tehran and the second largest city Mashhad.

  • Saudi Arabia sets up commission to develop historic sites


    Saudi Arabia has announced plans to establish renovation commissions for the development of two of the kingdom's most important archaeological and historic sites - Al-Ola and Diriyah Gate - into tourism hotspots.

  • Aurecon wins key Doha Metro project role


    Global engineering and infrastructure advisory company Aurecon has been appointed by Qatar Rail as the design verification engineer on the Red Line South Underground section of Doha Metro.

  • UAE developer Nakheel posts $718m H1 net profit

    ROBUST REVENUE GROWTH
    Leading UAE developer Nakheel has announced a net profit of Dh2.64 billion ($718.6 million) for the first six months of 2017 compared to Dh2.95 billion ($803 million) for the same period last year.

  • Emaar unveils new villa community in Dubai South


    Leading property developer Emaar has launched Golf Links - an exclusive collection of elegantly designed villas located along an 18-hole championship golf course - in one of its key residential developments in Dubai South.

  • Abraj Misr to launch new phase of Egypt project


    Egypt’s property developer Abraj Misr Company is planning to launch a new phase of its flagship development - The Shore - in the northern coastal area of Ras El Hekma over the next few days.

  • Abu Dhabi group to set up $150m Vietnam petchem JV


    UAE-based Baron Point Petroleum has reached a deal with PetroVietnam Oil Corporation (PV Oil) to set up a $150-million joint venture to finance, build and operate petroleum product pipelines and storage space in the country.

  • Abu Dhabi University completes new students' accommodation


    Abu Dhabi University said work on the new extension to its female dormitory has been completed adding 93 more rooms over a 4,200-sq-m area. It will open with the beginning of the 2017-2018 academic year.

  • Lacklustre rental market dims UAE investors' yield


    Yields for buy-to-let investors in the UAE are in retreat as declines in rental values outpace a slump in sales prices. However, they remain high compared to the international norms, said a report.

Building & Construction Window


Construction News

Union Properties names new CEO

Union Properties, one of the leading property investment developers in the UAE, has appointed Ahmed Yousef Abdulla Hussain Khouri as its new chief executive officer....



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