KNPC completes biofuels project in Kuwait

The cost of the biofuels project has reached $14.7bn according to Abdullah Al Ajmi, deputy CEO for projects at KNPC. Kuwait National...

Coronavirus: EETC delays tender offer for electricity interconnection line with KSA due to COVID-19 pandemic

Postponement is the third so far, following two earlier delays due to changes in the line course because of Neom project in...

Coronavirus: Emaar announces salary cuts across its businesses

The Dubai-based developer is also suspending some of its most recent projects. Emaar Properties has cut executive and staff salaries across its...

Tabreed acquires 80% stake in Emaar’s Downtown Dubai district cooling business for $675mn

Transaction increases Tabreed’s presence in Dubai to 278801RT, with total capacity increased to 12.6% . The UAE-based National Central Cooling Company (Tabreed)...

Eltizam one of first companies in region to adopt next-gen ERP SAP tech

The implementation of its new intelligent ERP system SAP S/4HANA will transform and streamline the Eltizam’s core back-end ops. Eltizam Asset Management...

Oman’s Asyad Group invites bids for development of 54,104sqm prime land in Muscat

Proposals sought to select a developer to invest and develop prime plot of land for residential, commercial or mixed-use project. Oman Global...

Amlak reports 14.5% rise in income for 2019

Saudi real estate lender reports all-round growth in revenue, earnings before tax and portfolio . Amlak International, the Saudi non-banking real estate...

Seven Tides says flagship development on track for Q4 2020 handover

Development is now branded Seven Palm, with both component projects rebranded to Seven Palm Hotel Apartments and ‘Seven Palm Residences. Developer Seven...