Mubadala stalls on Four Seasons Abu Dhabi contract

Planned hotel to be a 144m high tower, with 200 rooms and 124 apartments. Mubadala Development Company has still not announced the...

UAE’s Belhasa Group expands into Libya

Belhasa Trading and Development, a wholly-owned subsidiary of Dubai-headquartered conglomerate Belhasa Group, has announced the opening of a new office in the...

Ashghal extends bid deadline for commercial centre

Building to have a total built up area of 62,265 m2, with winning bidder also responsible for electromechanical works. The bid deadline...

UAE the biggest GCC investor in oil & gas projects

$40bn to be invested by the country into oil and gas projects between 2010 and 2014. Mohammed Sahoo Al Suwaidi, CEO of...

RERA to fine brokers flouting regulations

Move aims to support the real estate activities of individuals and companies within a legal framework. The Real Estate Regulatory Agency (RERA),...

Dubai Properties signs deal with Emirates REIT

Deal will bring 'further liquidity and opportunity to the market', Dubai Properties head says. The UAE's first real estate investment trust, Emirates...

Middle East dominates World’s Top 100 Infrastructure Projects

Second edition of KPMG’s Infrastructure 100 World Cities recognises the region’s efforts to build infrastructure projects that help to create great 'Cities...

Slick Zahid Tractors is second biggest CAT oil supplier

Caterpillar’s Saudi Arabian machinery distributor Zahid Tractor is now the world’s second largest supplier of Caterpillar’s oil and fluid range. The CAT...

Spanish-KSA consortium gets $811m loan for Holy City railway

Four Spanish banks back loan, in conjunction with state backed credit insurer and financial agency, to build 450km high-speed railway track running...