1,514 plots and real estate transferred to Omani citizens says Oman Ministry of Housing

Oman Ministry of Housing says the plots and properties are spread across the sultanate . The Oman Ministry of Housing has announced...

UAE’s Arkan says that group revenue fell to $105mn in H1 2020 due to COVID-19 crisis

Decrease in revenue offset by rigorous cost saving programs, building materials supplier says . Arkan Building Materials Company, the UAE-based supplier, has...

Union Properties reaches agreement with Emirates NBD over restructure of $258mn debt

Developer says that the agreement with Emirates NBD, which is its main creditor, will substantially improve the debt profile of the group....

HKA acquires leading UK construction dispute specialist Probyn Miers

Consultancy and advisory firm HKA acquires Probyn Miers, one of the UK's foremost firms of experts in construction dispute avoidance and resolution....

New satellite assembly facility to be built in the UAE

Centre will be constructed at the NSSTC facilities in Al Ain by Tawazun, Airbus and the National Space Science and Technology Centre...

Etihad Rail awards CRRC Corporation contract to triple fleet; sets sights on annual capacity of 59mn tonnes

842 new wagons will help network become 'principal platform for freight haulage' in the UAE, according to Etihad chairman. Etihad Rail has...

ValuStrat: UAE real estate market ‘shaken’ by the Coronavirus pandemic

Home sales transactions fell by almost 50% between the first two quarters of the year, reveals new real estate report by consulting...

UAE completes historic start up of Barakah Nuclear Energy Plant

GCC country becomes first Arab nation to utilise nuclear power as ENEC CEO says plant can be an 'engine of growth' for...

Housing loans worth $757mn disbursed to Abu Dhabi citizens

Move is said to reflect the UAE leadership’s keenness to maintain social stability and ensure decent living standards for citizens. HH Sheikh...

JODC issues ownership deed for Makkah project

Ownership deed will boost developer’s ability to fund current and planned projects. Jabal Omar Development Company (JODC) issued the uniform ownership deed...

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