Kuwait’s Markaz announces sale of key US commercial property

Sale of Class A industrial property in line with initial investment strategy. Kuwait Financial Centre (Markaz) has announced the sale of its...

Aldar publishes second annual sustainability report

Report shows strong progress in 2019, Aldar CEO says; plots ambitious roadmap for the future through several key commitments. Aldar Properties has...

ENBD REIT hedges $108.9mn facility with Mashreq Bank

Agreement will fix the variable rate of EIBOR for a two-year period, starting June 2021. ENBD REIT, the Shari’a compliant real estate...

Majid Al Futtaim sees revenue drop 3% to $4.70bn in H1 2020

Developer says large-scale business disruption and cautious consumer sentiment due to COVID-19 pandemic caused decline. Majid Al Futtaim, the UAE-based shopping mall,...

Enec: Barakah nuclear plant now sending megawatts of power to UAE grid

Unit 1’s operators will now begin the process of gradually raising the power levels, known as Power Ascension Testing (PAT). The Emirates...

DEWA credits R&D Centre for boosts in productivity

Firm says its R&D Centre supports rapid prototyping and provides technical solutions, training, knowledge sharing and more. The Dubai Electricity and Water...

JV deal to bring Dubai Aquarium-style attraction to Bahrain’s Marassi Galleria shopping mall

Aquarium and underwater zoo to feature a 20-foot digital tunnel with several interactive digital exhibits, reveal Eagle Hills and Emaar Properties. Eagle...

Dubai ruler orders revamp of ICD and Medyan City Corporation boards

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum named as Chairman of ICD board. HH Sheikh Mohammed bin Rashid Al Maktoum, in...

Emaar Properties H1 2020 revenues hit $2.45bn admist ‘volatile market’

Dubai-based developer said that it had registered more than $544m in net profit during this period. Emaar Properties has announced H1 revenues...

Development projects in Sharjah’s eastern region to shape emirate’s future

Roads, infrastructure, tourism, heritage and eco-friendly hospitality projects expected to drive economic growth in emirate. The eastern region of the emirate of...

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