Mena region planning $245bn railway projects
DOHA, RIYADH METRO ON TRACK
Railway and metro schemes worth $245 billion are being currently planned in the Middle East and North Africa (Mena) in preparation for mega global events such as the Dubai Expo 2020 and the 2022 Fifa World Cup in Qatar, said experts.
Empower to host global district cooling summit
UAE-based Emirates Central Cooling Systems Corporation (Empower) is set to host the seventh edition of ‘International District Cooling Conference’ from November 13 to 15 in Dubai.
Qatar First Bank Q3 revenue up 39pc
Qatar First Bank, a leading Islamic bank in the country, said its revenue for the third quarter hit QR491 million ($135 million), up 39 per cent over the same period in 2015.
Abu Dhabi set for key global real estate expo
More than 125 exhibitors from 25 countries, as well as over 11,000 private and institutional investors and real estate brokers, are taking part in the International Real Estate & Investment Show (IREIS 2016) being held in Abu Dhabi.
Cityland to build first nature-inspired mall in Dubai
BOTANICAL GARDEN KEY ATTRACTION
Cityland Group, the inventors of key UAE attractions - Dubai Miracle Garden and Butterfly Garden -, plans to build a 2.2-million-sq-ft nature-inspired mall, the world's first to feature a botanical garden, in the second quarter of 2018.
Saudi waste management firm inks funding deal
Global Environmental Management Services (Gems), a Saudi-based integrated waste management company, said it has signed a SR300 million ($80 million) capital expenditure agreement structured in the Islamic banking (Murabaha) format.
T.Zed unveils The Cocoon at Dubai design expo
UAE-based T.Zed Architects has joined hands with the American Hardwood Export Council (AHEC), the leading international trade association for the American hardwood industry, to launch 'The Cocoon’, at Downtown Design expo in Dubai, UAE.
Sharjah plans survey on labour housing units
Sharjah government will conduct field surveys on labour housing to get precise information about the current status of existing facilities and services available to workers and to predict future needs, said a report.
Sika Gulf mulls key acquisition to boost growth
Bahrain-based Sika Gulf, a joint venture between Swiss construction materials group Sika and Saudi Sumam Chemicals, aims to double the company's turnover in the next five years by accelerating organic growth and through key acquisitions.
Saudi developer Jabal Omar swings to quarterly profit
Jabal Omar Development, the largest listed real estate group in Saudi Arabia by market capitalisation, has reported a quarterly net profit of SR691 million ($184 million), up from a loss of SR127 million ($33.8 million) last year.
$544m Dubai Water Canal set for November launch
Dubai Water Canal, a Dh2-billion ($544 million) tourist landmark development offering a new lifestyle pattern in the heart of the city, is set to open next month with the work on the mega project nearing completion, said a report.
Terex adds Manlift to Qatar distribution network
Terex, a global manufacturer of lifting and material processing products, has boosted its sales and service local coverage for Genie products in Qatar by adding Manlift Qatar to its existing distributors’ network.