The ban is intended to bring an end to ‘tasattur’ crimes – as well as protecting the two holy cities from corruption
Source: New feed
JLL: Abu Dhabi real estate market declines in Q2
The oil sector comprises half of Abu Dhabi?s GDP therefore, the reduced oil price and the announcement by ADNOC to cut 5,000 jobs by year-end, has had a major impact on employment growth
Source: New feed
Zoomlion profits continue to slide in H1 2016
Chine state-owned giant sees no end in sight for Chinese equipment depression, though streamlining and new revenue streams should improve H2 results
Source: New feed
Dubai: ABB puts smart tech in 3D printed office
Office of the Future will house the temporary office of the Dubai Future Foundation
Source: New feed
G4S UAE appoints Alida Scholtz as CEO and MD
Alida Scholtz, former vice president and international controller at Hertz, has been appointed as G4S’s UAE CEO and MD
Source: New feed
Thumbay Group to build 6 hospitals and 12 clinics
Dubai-based Thumbay Group has revealed it will build 6 hospitals and 12 clinics in UAE, and outside, as part of its $326 million (AED1.2bn) expansion plan
Source: New feed
Operation deals inked for Barakah nuclear project
Korea Hydro & Nuclear Power will reportedly dispatch up to 400 experts to support Nawah Energy Company with Barakah’s operations every year until 2030
Source: New feed
Qatar Olympic to open its hospitality house in Rio
Following the Rio 2016 Games, Casa Daros ? home to Bayt Qatar ? will be transformed into Eleva School, a Brazilian bilingual public school
Source: New feed
Komatsu announces $2.9bn acquisition of Joy Global
Komatsu, the world?s second largest OEM, purchases US-based mining specialist Joy Global
Source: New feed
Saudi realty sales fall to 10-year low
Real estate experts said the drop is caused by the new white land fees regulation, which requires owners of empty undeveloped land to pay a 2.5% yearly fee on the value of their property
Source: New feed