GCC Interconnection Authority signs MoU with Egypt, Jordan

MoU signed between the three parties for tripartite power grid during the 13th meeting of the Arab Ministerial Council for Electricity in...

Masdar agrees to design, finance, build and operate Uzbekistan’s first solar power plant

UAE-based renewable energy company submitted the lowest tariff to develop the 100MW utility-scale PV solar plant. Masdar, the UAE-based renewable energy company,...

Dubai property market sees 11-year high in real estate transactions

DLD records almost 5000 real estate transactions in October 2019, the highest recorded number since 2008. Real estate portal, Property Finder has...

RTA awards contract to upgrade three metro stations on Red Line

Upgrade is part of a five-year plan to enhance multi-modal transit integration and provide a better mobility experience. The board of executive...

Egypt’s $1bn Alexandria Metro to start construction in Q1 2020

The construction work in expected to be completed in two years over three phases. The Governor of Alexandria, Abdul Aziz Qansua, has...

HH Sheikh Mohammed bin Rashid revamps Dubai Holding and Meraas leadership

Sheikh Ahmed bin Saeed Al Maktoum will temporarily oversee both companies as part of a fresh strategy. HH Sheikh Mohammed bin Rashid...

Investcorp and China Everbright to enhance collaboration for investments in Greater China

The two companies exploring opportunities to establish a successor private equity fund to further access China’s technology sector . Bahrain-based alternative investment...

Emirates REIT records 4% increase in total property income growth for Q3 2019

Group’s total property income increased from $52.1mn to $54.1mn. Emirates REIT, the world’s largest sharia-compliant real estate investment trust (REIT) has recorded...

Etihad Esco to install solar plant at BITS Pilani Dubai Campus

The project will generate an estimated 750,000 kWh energy for the campus, annually, once completed. Etihad Energy Services Company (Etihad Esco) has...

Drake & Scull Intl’s previous management hid $857mn in losses, fact-finding committee finds

15 criminal complaints filed; DSI committed to completing probe on misconduct by previous management. Drake & Scull International (DSI) has announced that...