ACWA Power and APICORP announced the signing of a sale and purchase agreement of an 8% effective stake in Shuqaiq Independent Water & Power Project (Shuqaiq IWPP)
Source: New feed
Emaar Malls shares dip amid Souq.com bidding
Emaar Malls shares fell 0.78% on the Dubai Financial Market yesterday to close at $0.69 after news reports said the retailer was offering to pay $800m for Souq.com
Source: New feed
Foundation work completed on Emaar's The Tower
Emaar Properties has announced the completion of the pile foundations for what will be the world?s largest building, The Tower, upon completion in 2020
Source: New feed
VAT to raise construction costs from January 2018
The Value Added Tax to be implemented by six GCC governments next year will result in an increase in all construction costs and property prices, expert says
Source: New feed
Dubai ranks ninth in global hotel room supply
Dubai has been ranked ninth in a global survey as among the top 10 cities with the largest supply of hotel rooms in the world
Source: New feed
Top 10 GCC contract wins – March 2017
Construction Week takes a count of the top construction contracts awarded in the GCC region in the month of March 2017
Source: New feed
RSG and Rotana ink deal to build 54-storey hotel
Sabah Rotana, is located in Sufouh Gardens on Sheikh Zayed Road, and will be a 54-storey, 534-room property
Source: New feed
UAE’s Sharjah saves 29MW of electricity in an hour
The UAE emirate of Sharjah was able to save 29MW of electricity and reduce its carbon emissions by 17 tonnes during Earth Hour, held on 25 March
Source: New feed
Dubai-based Draw Link opens new office in Greece
Draw Link Group?s offices in Greece will be staffed by eight employees supporting various Dubai-based projects
Source: New feed
Goldman Sachs in talks for Saudi Arabian license
Goldman Sachs Group Inc. is holding a preliminary meeting for an equities license in Saudi Arabia
Source: New feed