Magazines
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UAE’s Al Habtoor buys Hilton hotel in Wembley, London
Acquisition part of plan to ramp up international footprint. The UAE’s Al Habtoor Group has announced the purchase of the Hilton London...
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Dubai’s Nakheel delivers 251-room hotel at Dragon Mart
The Ibis Styles hotel is owned by Nakheel and managed by AccorHotels. Dubai developer Nakheel has delivered a 251-room hotel at Dragon...
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Next phase of MBR City District One launched in Dubai
More than 10,000 workers on site for villa, infrastructure works. Phase three of the large-scale Mohammed Bin Rashid Al Maktoum City –...
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Saudi, Indonesian construction firms in 10-year deal
Initial investments worth millions of dollars. Indonesian construction firm PT Wijaya Karya has signed a strategic partnership agreement which will pump millions...
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VW ‘not under pressure to sell trucks business’
Volkswagen faces billions in costs after admitting rigging emissions tests. Volkswagen is not facing pressure to sell its trucks business to raise...
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Aqua Properties invests $25m in Skycourt Tower, Dubai
Firm intends to put apartments up for re-sale to clients. Aqua Properties has announced a $24.77 million bulk purchase of apartments in...
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Shurooq, Emaar and Eagle Hills establish Sharjah real estate firm
Omran Properties to cover commercial, industrial and real estate. The Sharjah Investment and Development Authority (Shurooq) has signed with Dubai’s Emaar Properties...
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Energy sector makes up 75% of Q3 Saudi contracts
Real estate accounts for just 10% of $16bn construction contracts . The oil and gas sector accounted for 75% of all contracts awarded...
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GE signs deals worth $1bn to upgrade Iraq power grid
Projects to help meet peak summer demand. GE has signed over $1 billion worth of contracts with the Iraqi Ministry of Electricity...
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Dubai’s RTA awards $52m contract to upgrade Al Awir Road
Project to ease traffic flow around International City, Dragon Mart. Dubai’s Roads and Transport Authority (RTA) has awarded an AED191 million ($52m)...
