Renaissance Services secures funding for expansion of workers’ village

Bank Muscat’s investment banking team was the financial advisor for RSVD on the debt financing project. Oman-based Renaissance Services has announced that...

DXB Entertainments transfers $1.3bn debt to Meraas in exchange for 53 billion ordinary shares

Exchange was approved by shareholders during general assembly on March 9, 2021. DXB Entertainments, the Dubai-based leisure and entertainment company and operator...

Dubai’s Ayana Holding and Marsan Real Estate Group to develop $1.6bn Florida project

BellaViva at Whispering Hills in Florida will consist of 5,500 luxury homes and amenities across 1,800 acres. Ayana Holding, the Dubai-based real...

Azizi begins handover of Shaista comprising 284 residential units

Developer plans to handover 46 projects in 2021 comprising over 10,000 units . Azizi Developments has started the delivery of homes at...

ADNOC invites EOIs for water treatment and transmission pipeline megaproject

Project will replace the current aquifer water injection system used for maintaining reservoir pressure in all onshore oil fields in Abu Dhabi....

L&T business unit secures 400KV substation contract in Qatar

Issuing an update on business, the company said it has also won several other power contracts in its home market. Larsen &...

PMKConsult appoints new Saudi Arabian head

Former KEO International VP Mark Jamieson will head operations as well as oversee business development in the Kingdom. Former KEO International VP...

Majid Al Futtaim officially opens City Centre Al Zahia

New retail destination will connect with the one-million-square-metre residential community of Al Zahia. Majid Al Futtaim, the UAE-based shopping mall, communities, retail...

FANR issues operating license for Unit 2 of Barakah plant to Nawah Energy Company

Nawah is a subsidiary of the Emirates Nuclear Energy Corporation (ENEC). The Federal Authority for Nuclear Regulation (FANR) has issued the operating...