Cluttons takes over leasing rights for Bahrain’s Fakhro Tower

Firm says it has already leased out 350sqm of commercial space in the tower. Cluttons Middle East has become the sole property...

Omran and Majid Al Futtaim lay foundation stone for Madinat Al Irfan

Phase one will occupy 250,000sqm and will be developed over the next five years. Oman Tourism Development Company (Omran) and Majid Al...

Atlantic brings its renewable water heating tech to The Big 5 and Solar Decathlon Middle East

French company supporting student-led initiative to create the ideal solar house prototype at Solar Decathlon. Supplied Content Atlantic, a French water heating...

Nakheel announces net profit of $1.05bn for first nine months of 2018

Developer says that focus on expanding its hospitality, retail and leasing divisions continues. Nakheel, the UAE-based master developer, has announced a net...

Saudi KAEC awards more than $319mm in contracts in 2018

Main focus was on projects linked to tourism, recreation and sports facilities . Saudi Arabia’s King Abdullah Economic City (KAEC) has awarded...

Ducab signs three major contracts with ADNOC projects

Ducab HV is the first dedicated HV and EHV cable manufacturing facility in the Middle East. Ducab has secured three major contracts...

Union Properties records $40mn net profit for first nine months of 2018

Developer posted a net loss of $626m for the same period last year. Union Properties, a Dubai-based real estate developer, has said...

Bahrain’s KFCA invites bids for transitional phase of $4bn King Hamad Causeway

Qualified transaction advisory services consultancies asked to submit bids for 25-km long strategic highway. Bahrain’s King Fahd Causeway Authority (KFCA) has said...