Egypt property firm SODIC says nine-month profit hits $27.9m

The Egyptian property developer SODIC says it more than doubled its net profit in the first nine months of 2015.The Sixth of October...

Property

Rotana signs deals to manage five hotels in Oman

Hospitality chain Rotana Group has inked an agreement with Oman-based firms Taameer Investment and Golden Group of Companies (GGC) to manage five...

Construction

Saudi Arabia to build four industrial cities for women

The Saudi Organisation for Industrial Estates and Technology Zones, known as Modon, says it plans to establish four new industrial cities for...

Construction

Drake & Scull, Arabtec shares hit hard as Dubai market tumbles

Construction firms on Sunday dragged the Dubai Financial Market index to an 11-month low, with Arabtec and Drake & Scull seeing some...

Construction

Dubai Parks and Resorts project structure ‘73% complete’

Dubai Parks and Resorts says 73% of the project-structure works on its 25 million square feet Florida-style attraction is complete.The Dubai Financial...

Construction

Dubai Healthcare City, Nshama partner for medical tourism project

Dubai Healthcare City Authority has announced a joint venture with the developer Nshama to build a mixed-use medical tourism development.The development will...

Construction

Dubai’s Arabtec reports heavy losses in ‘difficult regional market’

Arabtec, the Dubai-listed contractor, has reported losses for a fourth straight quarter, with a “difficult environment” contributing to a 24% decline in revenue.In...

Construction

Dubai’s Deyaar starts construction of school in Nepal

Deyaar Development has started construction of a school in Nepal, in a project it has undertaken as part of the Dubai Cares...

Construction

Dubai’s Drake & Scull moves HQ to IMPZ

Drake & Scull International (DSI) has shifted to a new headquarters based in the International Media Production Zone (IMPZ) in Dubai. The...

Property

Shares in Dubai’s Damac plummet after dip in Q3 revenues

Shares in Damac Properties on Tuesday tumbled by more than 6% after the Dubai developer said its third-quarter revenues had fallen, and despite higher...