The company will invest $5.6m for the project and plans to export 50% of the products to African countries, and 25% each to Eastern Europe and the Middle East respectively
Source: New feed
Month: June 2016
Dubai Ruler approves new freehold plots at DWC
The Ruler recently issued Resolution No (8) of 2016, which grants foreigners rights to absolute ownership without a specific time frame
Source: New feed
FAA Issues New Rules for Commercial Drones
Regulation would apply to drones used for such tasks as bridge, power line and pipeline inspections.
Source: New feed
Office Built Out of 3D-Printed Components Opens in Dubai
As the construction industry explores the use of small-scale 3D printing for small components, others are thinking bigger.
Source: New feed
Deloitte: KSA ban limited to CMA-licensed entities
The two-year accountancy ban issued to Deloitte & Touche?s Saudi Arabian arm is restricted to CMA-licensed entities, a company spokesperson has told Construction Week
Source: New feed
UAE: Sumer Contracting scoops Alandalus contract
Jumeirah Golf Estates has announced the appointment of Sumer Contracting Company as the contractor for its Alandalus development
Source: New feed
'Prime' villa sales on Palm Jumeirah drop 44% YOY
‘Prime’ villas worth more than $2.7m (AED10m) decreased 44% year-on-year, according to the latest report from Core, UAE Associate Savills
Source: New feed
Saudi: MMG board resigns with immediate effect
The board of Saudi Arabia?s Mohammad Al-Mojil Group (MMG) has resigned in its entirety following the imprisonment of Mohammad Al-Mojil and Adel Al-Mojil
Source: New feed
Companies urged to prepare for VAT & Excise Tax
The Excise Tax system is scheduled to be implemented by January 1, 2017, with VAT expected by January 1, 2018
Source: New feed
Dubai’s cruise tourists to increase 6% in 2017
The total number of cruise tourists will reach 575,000 for the 2016/2017 season (October to May), a senior official at Dubai Cruise Tourism said
Source: New feed