The latest UAE developer to release its H1 2018 results, RAK Properties reported a "healthy net profit" of $8m with total revenue standing at $20.3m
Source: New feed
Construction partly blamed for 13% hike in Bahrain waste
The construction industry’s annual waste surge of 46% was one of the three factors raising the overall output of waste in the kingdom
Source: New feed
Programme launched to preserve Dubai heritage architecture
The Modern Heritage Initiative will focus on buildings developed in the 1960s and 1970s, such as the Dubai World Trade Centre building and Clock Tower
Source: New feed
DLD airs support for UAE-China strategic alliance
In June DLD launched the Dubai Real Estate Promotion Trustee Office in China, just one month before the Chinese President’s state visit to the UAE in July
Source: New feed
Abu Dhabi digitises 11 spatial data and tenancy contract services
The Department of Urban Planning and Municipalities has unveiled seven digital services for spatial planning and four others for tenancy contract registrations
Source: New feed
Saudi's Zahid Group acquires stake in German solar PV firm Greencells
The 50% stake acquisition has been made through Zahid Group’s subsidiary, OMAS
Source: New feed
Dubai Land Department seizes Schon Properties' assets
The authority said the step was aimed at protecting stakeholder rights following Schon’s "actions of exploiting investors"
Source: New feed
DLD seizes Schon Properties assets
The move was designed to "secure the rights of all investors & other parties", according to a statement on Thursday afternoon by DLD on social media
Source: New feed
10% H1 profit hike at UAE's Tabreed
Year-on-year revenues at the UAE-based district cooling firm also increased 2% in the first six months of 2018
Source: New feed
Technology "major limiting factor" in solar market growth – Aramex
In July, Aramex partnered with IMG Solar in relation to the logistics firm’s 3.2 megawatt solar photo-voltaic plant at its new facility in Dubai
Source: New feed