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Brexit vote hits UK house builders’ shares
Developers' shares see biggest drops on FTSE 100 index after Britain votes to leave the European Union. Shares in UK house builders...
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Muscat property prices hit by economic slowdown
Chairman of the Oman Real Estate Association says economic situation had a negative impact. The chairman of the Oman Real Estate Association...
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UK construction costs ‘could rise 15% if Brexit happens’
Leading London homebuilder predicts gloomy outlook if EU exit vote goes through. The United Kingdom could see a 15% rise in construction...
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Saudi land tax ‘to cut prices by up to 40%’
Tax on vacant plots in urban areas will spur development and help lower land and property prices – report. The new tax...
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Dubai, Abu Dhabi rents see ‘marginal growth’ in May
Apartment rent prices see small increases compared to the previous month, says Bayut.com report . Apartment rent prices in Abu Dhabi and...
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Egypt ‘to build airport terminal with Japanese funding’
Japan Bank for International Cooperation will fund the $150m project near Alexandria - report. The Egyptian Holding Company for Airports and Air...
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Six Flags plans theme parks in Saudi Arabia
Chief of the US entertainment company has meeting with kingdom’s deputy crown prince – report. The chief executive of Six Flags Entertainment...
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Board of Saudi’s MMG quits after three sentenced to jail
Chairman and son were sentenced to five years in prison for misrepresenting company’s value. The board of Mohammad Al-Mojil Group (MMG), the...
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Siemens exec: Qatar taking steps toward ‘smart city’ future
Fatih Sakiz, Siemens Qatar CEO, says the Gulf state is beginning to invest in digitalisation. Digitalisation will be the next step forward...
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Two workers ‘die in accident at UAE nuclear plant site’
Construction workers were working with a man basket held by a crane – report. Two workers have been killed and three injured...
