Business & Money | Thursday 8 September, 2016 10:18 am

Nakheel signs AED188 million construction contract for 133 villas at Nad Al Sheba

Nakheel has signed a contract worth AED188 million for the construction of 133 homes at Nad Al Sheba, its new high end residential community featuring 1,572 villas and a 1.2 million square foot mall.   Nakheel has tasked Dubai-based Square General Contracting Co. LLC to build the villas in...

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Business & Money | Thursday 8 September, 2016 10:01 am

Green Community West Phase 3 in DIP to hand over 76 townhouses in Q1 of 2017

Green Community West Phase 3 within Dubai Investments Park [DIP], being developed by Properties Investment LLC – a joint venture of Dubai Investments and Union Properties, covers an area of 1.48 million square feet and forms a natural extension to the existing Green Community West...

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Business & Money | Thursday 8 September, 2016 9:42 am

King Abdullah Port clinches SR2.7b financing deal for its expansion plan

The Ports Development Company, owner and developer of the King Abdullah Port – region’s first privately owned port – has announced the signing of a financial agreement with SABB and the Arab National Bank worth SR2.7 billion. The agreement aims to move forward with the development ...

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Business & Money | Thursday 8 September, 2016 9:39 am

Aviation security gets a boost

Airbus C-295 military aircraft that has joined the General Security Aviation Command (GSAC) on Tuesday will hugely boost the Saudi aviation security. The aircraft was launched on Tuesday evening by Crown Prince Muhammad Bin Naif, deputy premier, minister of interior and chairman of the Supreme...

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Business & Money | Thursday 8 September, 2016 9:37 am

KSA ‘economy benefiting from SR1.6 trillion capex boom of 2008-2014’

Saudi Arabia’s massive construction industry is capable of withstanding financial drawbacks and the current drop in oil prices, economists said Wednesday. Their comments came in response to a Bloomberg report which quoted unnamed sources as saying that the government is reviewing projects...

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Business & Money | Thursday 8 September, 2016 3:44 am

DAMAC Properties Launches Revolutionary Inverted Villas at Cityscape Global 2016

DAMAC Properties today launched a new and innovative villa concept in the heart of its flagship golf course community, AKOYA by DAMAC. XV Villas at AKOYA offer extraordinary sophistication in design, with new to market “inverted” floor plans that provide elevated views across the lake...

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Business & Money | Thursday 8 September, 2016 3:37 am

Tejari sponsors the Procurement Strategy Summit in Dubai

Conference and Exhibition organizers Fleming have announced strategic procurement company Tejari as Sponsors at this year’s 4th Annual Procurement Strategy Summit in Dubai. The Summit is a leading industry gathering of hundreds of industry leaders across the Middle East to network, share...

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Business & Money | Thursday 8 September, 2016 1:46 am

Publics Consolidates Its Regional Leocomm PR Offices Under The MSLGROUP Brand

Publicis Communications has consolidated its six-office LeoComm PR network in the Middle East under the brand of MSLGROUP, its strategic communications and engagement firm. The LeoComm offices in the UAE (Dubai), Egypt (Cairo), Lebanon (Beirut), Qatar (Doha), and Saudi Arabia (Riyadh and Jeddah)...

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Business & Money | Wednesday 7 September, 2016 4:52 pm

Dubai Wholesale City Showcases Development Blueprint at Cityscape Global

Dubai Wholesale City, the largest wholesale hub in the world, is showcasing its offerings at Cityscape Global 2016. The City is highlighting its Specialised Wholesale Parks, a main element of the development, which include state of the art components such as Cross Docking Facilities and Specialized ...

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Business & Money | Wednesday 7 September, 2016 4:50 pm

Dubai Properties’ Casa Dora at Serena records phenomenal response amidst flourishing affordable housing segment

 Highlighting the increasing demand for affordable housing targeting the mid-income segment, Dubai Properties (DP), a leading real estate master developer and asset manager in the Emirate, announced that the release of the Portuguese-inspired Casa Dora at Serena, which is part of a new and...

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