Majid Al Futtaim sees revenue drop 3% to $4.70bn in H1 2020

Developer says large-scale business disruption and cautious consumer sentiment due to COVID-19 pandemic caused decline. Majid Al Futtaim, the UAE-based shopping mall,...

Enec: Barakah nuclear plant now sending megawatts of power to UAE grid

Unit 1’s operators will now begin the process of gradually raising the power levels, known as Power Ascension Testing (PAT). The Emirates...

DEWA credits R&D Centre for boosts in productivity

Firm says its R&D Centre supports rapid prototyping and provides technical solutions, training, knowledge sharing and more. The Dubai Electricity and Water...

JV deal to bring Dubai Aquarium-style attraction to Bahrain’s Marassi Galleria shopping mall

Aquarium and underwater zoo to feature a 20-foot digital tunnel with several interactive digital exhibits, reveal Eagle Hills and Emaar Properties. Eagle...

Dubai ruler orders revamp of ICD and Medyan City Corporation boards

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum named as Chairman of ICD board. HH Sheikh Mohammed bin Rashid Al Maktoum, in...

Emaar Properties H1 2020 revenues hit $2.45bn admist ‘volatile market’

Dubai-based developer said that it had registered more than $544m in net profit during this period. Emaar Properties has announced H1 revenues...

Development projects in Sharjah’s eastern region to shape emirate’s future

Roads, infrastructure, tourism, heritage and eco-friendly hospitality projects expected to drive economic growth in emirate. The eastern region of the emirate of...

1,514 plots and real estate transferred to Omani citizens says Oman Ministry of Housing

Oman Ministry of Housing says the plots and properties are spread across the sultanate . The Oman Ministry of Housing has announced...

UAE’s Arkan says that group revenue fell to $105mn in H1 2020 due to COVID-19 crisis

Decrease in revenue offset by rigorous cost saving programs, building materials supplier says . Arkan Building Materials Company, the UAE-based supplier, has...