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Al Mal Capital REIT completes $49m rights issue

Al Mal Capital REIT the first REIT listed on DFM and managed by Al Mal Capital a subsidiary of Dubai Investments has announced the successful completion of its recent rights issue generating AED180 million...

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Ara reveals $6bn Arabian Hills Estate in Abu Dhabi

ARA Real Estate Development a Core Holding subsidiary has unveiled the Arabian Hills Estate a master-planned gated community in Abu Dhabi at an exclusive event held in Madinat Jumeirah Dubai. The company...

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Oman floats service tenders for Sultan Haitham City Project

Oman s Ministry of Housing and Urban Planning floated three service tenders within the Sultan Haitham City project first phase (2024 - 2030). The tenders relate to the construction of streets service roads...

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Domotex Middle East 2024 kicks off in Dubai

Domotex Middle East 2024 has officially commenced at the Dubai World Trade Centre (DWTC) ushering in a new era of innovation and excellence in the flooring industry and attracting leaders and enthusiasts...

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Al Yamamah starts production at expanded Jeddah pipes factory

Saudi-based Al Yamamah Steel Industries Company has announced that it has begun commercial production at its newly-expanded pipe factory in Jeddah. This comes following the completion of the first phase...

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Al Wasl joins Empower's 3,900RT cooling capacity portfolio

Emirates Central Cooling Systems Corporation (Empower) has announced the commencement of connecting Al Wasl skyscraper to the company s district cooling network. According to Empower the entire connection...

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WEF offers solutions for cities to cut carbon emissions in construction

A report released by the World Economic Forum s (WEF s) Centre for Urban Transformation has featured best practices developed by pioneer cities that are reducing carbon emissions from urban development...

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Diriyah unveils first mixed-use commercial office project

Saudi-based Diriyah Company has announced the launch of its first mixed-use commercial office and retail project - Zallal - within the Bujairi District. Construction is now well underway and when completed...

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ADQ acquires 49pc stake in Plenary Group

ADQ an Abu Dhabi-based investment and holding company will acquire a 49% stake in Plenary Group a leading independent investor developer and manager of public-private infrastructure projects headquartered...

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UAE-Oman rail project enters into implementation phase: CEO

The railway project between the Sultanate of Oman and the UAE has now entered into the implementation phase said Ahmed Al Musawa Al Hashemi a top official of Oman and Etihad Rail Company (which has been...

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Alba achieves key milestone at PS5 with Mitsubishi's First Fire

Aluminium Bahrain (Alba) one of the world s largest aluminium smelters has announced a significant milestone towards the commercial operation of its Power Station 5 (PS 5) Block 4 Project with the First...

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Technip Energies wins EPC contract for big Oman LNG project

Technip Energies a leading engineering and technology company for the energy transition has announced that it has secured a substantial contract from global oil major TotalEnergies and Omani group OQ for...

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WSP Middle East launches new real estate advisory unit

WSP Middle East one of the world s leading professional services firms providing strategic advisory engineering and design services has announced the launch of its real estate advisory services unit in...

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Emaar Properties sales jump 60%; $1.2bn dividend approved

Emaar Properties Annual General Meeting (AGM) held in Dubai on Monday approved the Board of Directors proposal for a notable dividend of 50 fils per share amounting to AED4.4 billion ( 1.2 billion) for...

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UAE, Iraq, Türkiye, Qatar sign $17bn 'Development Road Project'

The United Arab Emirates Iraq Qatar and Türkiye have signed an agreement for a strategic road project that is designed to bolster economic growth and promote regional and international cooperation by fostering...

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Mitsubishi seals major Kuwait power station contract

Mitsubishi Power a key brand of Japanese group Mitsubishi Heavy Industries (MHI) has announced that its consortium with Korea s Heavy Engineering Industries and Shipbuilding Company (Heisco) has clinched...

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