Al Tayer revealed that Siemens and DEWA were currently working on one project, with another one to be announced ?in the next quarter?
Source: New feed
Non-oil infra spurs growth of Bahrain property
The kingdom is "pressing on with key infrastructure projects despite enduring a challenging economic climate", a CBRE’s latest market research states
Source: New feed
Aldar Properties earns $760m net profit in 2016
Aldar awarded construction contracts worth $820m (AED3bn) and generated recurring revenue net operating income of $440m (AED1.6bn) in 2016
Source: New feed
DLD and Nasdaq Dubai sign real estate listings MoU
The MoU includes the operation of a channel to streamline communications between DLD and Nasdaq Dubai regarding administrative matters
Source: New feed
Dubai Parks and Resorts to get new Legoland Hotel
The Legoland Dubai Hotel is a 60:40 joint venture between DXB Entertainments and Merlin Entertainments, and will be operated by Merlin Entertainments once opened
Source: New feed
Damac reports net profit of $1bn in 2016
Damac completed more than 1,600 units in 2016 in Damac Hills (Akoya previously) development. Total deliveries for 2016 were recorded at more than 2,400 units
Source: New feed
Evonik opens coatings laboratory in Turkey
The laboratory includes a customer service centre, which will support customers with the development of innovative surface coatings in Turkey and throughout the Middle East
Source: New feed
Drake & Scull posts net loss of $214.4m for 2016
Drake & Scull (DSI) reported a 2016 net loss of $214.4m, narrowing from a loss of $255m in the previous year
Source: New feed
UAE businesses can sign up for VAT from October
In a recent updated on its website, the Ministry of Finance in the UAE has released new information and requirements for business registration for VAT
Source: New feed
Oman: Muna Noor opens pipe, valve centre in Muscat
Located in the Ghala Industrial Area of Muscat, Muna Noor?s new pipe and valve centre has been designed to provide a more efficient service for the manufacturer?s customers
Source: New feed