Manazel Real Estate net profit up 5.6%

The company registered profits of $48m (AED175.3m) for the second half of 2016, compared with $41m (AED150.7m) for the same period in 2015
Source: New feed

Projects worth $231m underway at Ibn Battuta Mall

Part of a phased expansion plan for the mall, the projects include a 55-storey residential tower, 16-screen cinema complex, multi-storey car park and retail expansion
Source: New feed

Qatar: 11% increase in building permits

Despite a slowed economy, the number of building permits issued in Qatar is on the increase, according to a monthly report put out by the Ministry of Development Planning and Statistics
Source: New feed

Emaar announces 28% YoY net profit hike in 2016

Recurring revenues from Emaar’s shopping malls, hospitality, entertainment, and leisure businesses was "similar to 2015" despite The Address Downtown Dubai’s redevelopment works
Source: New feed

Interserve MENA chief hopeful of Saudi FM's growth

Saeed Ahmed believes Saudi Arabia’s FM market will expand on the back of the country’s property sector ambitions and increased awareness about the benefits of FM
Source: New feed

Bahri wins Saudi Rail Company logistics contract

Saudi Rail Company has enlisted Bahri to provide transportation and shipping services, and to deliver customs clearance support through its Bahri Logistics business unit
Source: New feed