Magazines
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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...
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RTA says 55% of development works on Trucks Rest Stop Project complete
Truck stop will enhance traffic safety and reduce trucks-related accidents. Progress on the Trucks Rest Stop Project at Dubai Land on the...
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Diyar Al Muharraq begins installation of solar energy trees
Integrated city is said to be one of the largest development projects in Bahrain, blending modern life with the Kingdom’s authentic heritage....
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Riyadh’s The District Al Faisaliah redevelopment project starts second phase
Costing $533 million to build, The District redevelopment project is being designed by award-winning USA based architectural firm Gensler. Luxury hospitality and...
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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,...
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RCU announces new eco-friendly resort in AlUla
AlUla’s heritage sites are set to re-open to visitors in October. The Royal Commission for AlUla (RCU) said that it has started...
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KSA’s PIF launches Roshn to develop ‘world-class, integrated urban communities’
New entity will develop communities that following leading international principles and practices in community planning and design. Saudi Arabia’s Public Investment Fund...
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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...
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Azelio and ALEC Energy to build verification project in Abu Dhabi in Q3 2020
Installation is to evaluate Azelio’s energy storage tech for inclusion in the Masdar product portfolio for current and future renewable energy projects....
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Azizi completes cloud upgrade project
Firm says it is redirecting savings it has realised as a result of the upgrade into community enhancements. Azizi Developments has announced...