Articles
Contractors feel the pinch as Saudi government goes slow in awarding projects
Samba Financial Group’s five-year economic forecast for the Saudi market published last month said that capital projects were likely 'to bear the brunt' of government spending cuts.
Architects keen on Calatrava-designed tower at Dubai Creek project
Observation tower will form a focal point for the Dubai Creek project between Emaar Properties and Dubai Holding.
Dubai house prices to fall further, but at a slower rate than 2015
Asteco said that the luxury end of the market remained oversupplied, which will lead to further house price declines and a drop in rents during 2016, with many tenants relocating to newly-completed units.
New schemes help Egypt’s Palm Hills to break sales and profit records
Its board of directors proposed its first cash dividend, 0.15 pounds per share, and a bonus shares issuance of one bonus share for each 20 shares held.
Action Hotels pays $10m for Dubai Media City plot
The developer of three and four-star hotels said that it bought the 5,553.5 square metre site within Media City’s Innovation Hub from a subsidiary of Dubai Holding’s Tecom Group.
New tower unveiled for Dubai Creek
The winning design, which provides a modern twist on Islamic architecture, was described by the Dubai Ruler as an “architectural wonder that will be as great as Burj Khalifa and the Eiffel Tower”.
Credit card culture weighs heavily on UAE saving habits
Only one in five Emiratis puts away savings every month but more than half make monthly payments towards personal loans.
Sweett Group to close Middle East offices
Sweett Group has had a presence in the Middle East region since 2006, but its past couple of years have been dogged by the fallout from bribery allegations that emerged in a Wall Street Journal article in 2013.
Affordable Dubai homes will keep residents in UAE for longer, says expert
Properties priced at under Dh1.5 million become affordable for many residents living in the UAE, which could lead to many of them laying down deeper roots.
Tabreed profit up 6 per cent as it extends footprint across the GCC
Company says Dh1bn buyback of convertible bonds from Mubadala helped to improve capital structure and boosted earnings per share.
Arcadis replaces Wael Allan as Middle East head
Allan was appointed as Middle East chief executive and a member of Arcadis’ senior management team in February 2014 following the company's take over of Hyder Consulting, where he had been regional managing director.
Ssangyong and Besix win contract for $1.4 billion Royal Atlantis resort project in Dubai
The project, which has been designed by the architect Kohn Pedersen Fox, will have 780 guest rooms and suites and 232 serviced residences. It will be 46 storeys tall.
Kier picks up Dh131m Bluewaters Island contract
The £25 million contract covers infrastructure and public realm works on the Bluewaters Island project off the coast of Jumeirah Beach Residences.
