Oman’s construction sector to fall 5.8% in 2021, report says

GlobalData projection based on factors including over 10% contraction this year amid effects of Covid-19, low oil prices and public spending cuts....

Sheikh Ahmed instructs Dubai’s district cooling firms to cut charges

Decision aligns with the Dubai Supreme Council of Energy’s Demand Side Management Strategy 2030. Sheikh Ahmed bin Saeed Al Maktoum, the Dubai...

Alba inks MoU with HJJ to explore future upstream development opportunities

The virtual signing ceremony was held in November 2020, and was attended by senior officials from both parties. Aluminium Bahrain (Alba) has...

Petroleum Development Oman, GES to create job opportunities for Omanis

GES has agreed to employ 150 Omanis each year for the next four years in wells construction, interventions and industrial services. Petroleum...

Al Dahra signs strategic water security agreement with Israel’s Watergen

The five-year collaborative project will be developed and adjusted to accommodate the UAE’s desert environment . Abu Dhabi-based Al Dahra Holding Company...

Abu Dhabi orders disbursement of housing loans for 6,100 citizens

Directive from Sheikh Mohamed bin Zayed Al Nahyan coincides with the 49th National Day celebrations. The disbursement of housing loans worth $1.9bn...

Emaar teams up with Arada to launch Vida Residences Aljada phase one units sale

Aljada is set to be Sharjah’s largest ever mixed-use destination and a new leisure and entertainment hub for the emirate. Emaar Hospitality...

Naaman Atallah named as new Nakheel CEO

Sector veteran joins from Mumbai real estate powerhouse Piramal Realty. Leading UAE master developer Nakheel has named Naaman Atallah as its new...

New Commercial Property Price Index to be developed by DLD and JLL

Index will allow investors to monitor commercial market performance when making investment decisions. The Dubai Land Department (DLD) has inked a deal...

Autodesk acquires Norwegian architectural software provider Spacemaker

Acquisition to enable Autodesk provide architects and developers AI-based tools for quick testing of design concepts and for creating more sustainable spaces...

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