Nakheel secures $4.6bn in strategic financing

A spokesperson said that the transactions will further strengthen Nakheel’s financial position and reflect the confidence of banking institutions in the new...

Metito wins contract to build second phase of Fujairah Port desalination plant

As per the terms of the contract, Metito will be responsible for the engineering, procurement, and construction of the 3,500m3/day plant. Water...

Metso Outotec unveils Metrics monitoring for screening equipment

Updated system allows operators, controllers and service professionals to see real-time analysis of vibrating screen performance and bearing condition. Metso Outotec has...

Partanna Bahamas and the Government of the Bahamas ink deal to develop “world’s first carbon-negative affordable housing development”

The development project will provide at least 1,000 direct and indirect jobs for Bahamians over its duration. A partnership between material specialist...

RAK Properties delivers buoyant results in Q3

A major new spa resort coming on-stream bolstered performance for the firm in Q3. RAK Properties has announced that it earned US...

Eshraq sells Reportage Properties 650,000sqft land plot on Al Reem Island

Under the terms of the sales agreement, Reportage Properties will use the plot in Al Reem Island for a residential project to...

MAG of Life launches mansions at Ritz-Carlton Residences, Dubai Creekside

The developer launched the mansions in direct response to a surge in demand and substantial interest from local and global investors seeking...

The design and construction of the Grand Hyatt Kuwait

Gavin Davids profiles the Grand Hyatt Kuwait, one of Kuwait’s most highly anticipated hospitality developments and a landmark project for both Hyatt...

Infinity Power Holding announces Sharm El Sheikh solar plant fully operational

Two other solar plants of equivalent size have also been developed ahead of COP27, according to Masdar. Infinity Power Holding has announced...

Bahrain to launch tender for construction of metro project by Q1 2023

Bahrain's Ministry of Transportation and Telecommunication (MTT) has said that the winning developer/consortium will implement the project on a DBFOMT basis. Bahrain...