‘Jet-like’ transport pods coming to Abu Dhabi’s Yas Island

Developer Miral has announced a memorandum of understanding (MoU) with US-based skyTran, a NASA Space Act company, for the study and implementation...

Construction

Damac awards $817m in contracts during H1

Damac Properties says it awarded 25 construction and consultancy contracts worth AED 3 billion ($817m) in the first half of 2016. Work...

Construction

Brexit vote hits UK house builders’ shares

Shares in UK house builders were hit hard on Friday after Britain voted to leave the European Union in a historic and...

Machinery

KBW Investments, Ascorel Group in Mideast partnership

The Dubai-based KBW Investments has partnered with French technology company Ascorel Group to facilitate the sale, implementation and distribution of Ascorel’s technologies...

Property

Muscat property prices hit by economic slowdown

The chairman of the Oman Real Estate Association has said that the current economic situation in the sultanate has led to a...

Construction

UK construction costs ‘could rise 15% if Brexit happens’

The United Kingdom could see a 15% rise in construction costs if it votes to leave the European Union, the head of...

Property

Dubai, Abu Dhabi rents see ‘marginal growth’ in May

Apartment rent prices in Abu Dhabi and Dubai saw small increases in May, with the overall property market “faring well”, according to...

Infrastructure

Egypt ‘to build airport terminal with Japanese funding’

The Egyptian Holding Company for Airports and Air Navigation (EHCAAN) has confirmed plans to establish a new terminal for the Borg El-Arab...

Consultant

Elevator safety code ‘not always followed in Dubai’

Many elevators installed in Dubai do not meet safety standards regarding water resistance during firefighting and seismic protection, according to one industry...