Amlak reports 14.5% rise in income for 2019

Saudi real estate lender reports all-round growth in revenue, earnings before tax and portfolio . Amlak International, the Saudi non-banking real estate...

Seven Tides says flagship development on track for Q4 2020 handover

Development is now branded Seven Palm, with both component projects rebranded to Seven Palm Hotel Apartments and ‘Seven Palm Residences. Developer Seven...

Coronavirus: Oman oil and gas firms pledge $15.6m to support initiatives to reduce outbreak’s impact

Oman LNG recently funded an advanced isolation ward at Sur Hospital in a bid to boost health services in the South Sharqiya...

Coronavirus: Emaar Properties donates $27.2mn to fund designed to fight COVID-19

Developer says it was among the first to take steps to support authorities’ measures in the drive to contain COVID-19. Emaar Properties...

Acwa Power-led consortium reaches deal on 500MW IPP in Oman

300km west of Muscat, the Ibri-2 IPP will contribute towards increasing power supplies in the sultanate. Acwa Power said its consortium with...

Coronavirus: Why outbreak will reduce construction emissions if projects are cancelled rather than delayed

Andrew Beard, global head, Cost and Commercial, Arcadis talks to MECN.com about the impact restrictions imposed due to the coronavirus have had...

Grundfos’ regional HQ secures LEED Platinum certification in Dubai

Grundfos’ regional HQ has become one of the 11 facilities in the UAE to receive the LEED O+M: Existing Buildings certification. Grundfos...

DEWA commissions eight new 132/11kV substations at $231mn cost

Commissions increases number of substations to 293, and will ensure the efficiency, reliability and availability of DEWA’s 132kV transmission network. Dubai Electricity...

Coronavirus: PI offers three month rent relief to retailers in ‘The Market’

PI is a Dubai Investments joint-venture company engaged in the investment and development of real estate properties. Properties Investment (PI) has announced...

Coronavirus: Nakheel in process of precautionary disinfection of all 647 residential buildings in property portfolio

Master developer says it is carrying out deep disinfection of all its residential properties over a two-week period. Nakheel, the Dubai-based master...