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Workers evacuated in Viceroy Dubai tower fire
Video: Blaze at under-construction Viceroy Dubai Jumeirah Village takes five hours to subdue. Workers at the under-construction Viceroy Dubai Jumeirah Village tower...
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Kleindienst ‘plans new project on The World islands, Dubai’
Developer said to plan 1,500-unit, five-island Pearl of Asia project as joint venture with unnamed partners. The developer Kleindienst Group plans a...
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RAK Ceramics reports 5.9% fall in Q2 revenue
Increase in European sales and gross margins some of the highlights of the quarter for UAE-based ceramics major. The UAE's RAK Ceramics...
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Dubai’s Majid Al Futtaim reports 11% revenue growth
Retail developer’s total assets were valued at $14.1bn in the first half of 2016. The Dubai-based shopping mall, retail and leisure developer...
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Saudi Arabia ‘plans $800m social housing drive’
Programme to involve private sector through build-operate-transfer and PPP schemes - report. Saudi Arabia plans to launch a SAR3 billion ($800m) programme...
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Kuwait’s KPM ‘to invest $39.5m in Egypt project’
Company to redevelop tourism and residential venue in Sharm El-Sheikh after successful purchase talks – report. Kuwait Projects Management (KPM) says it...
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Qatar’s real estate price index sees drop in Q2
Official data reveals 3.8% decline over March levels and a drop of 5% over November’s all-time high. Real estate prices in Qatar...
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UAE’s Farnek buys Smashing Cleaning Services
Smashing has an annual turnover of over $2.7 million. UAE-based facilities management company Farnek has announced in a press release that it...
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Saudi Oger ‘sees 31,000 workers file wage complaints’
Workers prevented from leaving the country, with some alleging wages have not been paid for nine months. A source at contractor Saudi...
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Abu Dhabi’s Aldar reports 9% profit rise
Developer made $178m net profit in second quarter despite signs the UAE capital’s property market is slowing. The Abu Dhabi developer Aldar...
