Saudi government looks to bonds to finance airports

The government of Saudi Arabia will issue bonds this year to pay for upgrades to the airports of Riyadh and Jeddah. In...

Bahrain set for $2.5 billion spending spree

Bahrain is planning on spending at least $2.5 billion on infrastructure, including major road networks and construction over the next decade, accoding to a...

DEWA powering ahead with projects in 2013

DEWA (Dubai Electricity and Water Authority) says that its 2013 $3.8 billion budget will help it meet the demands of projects planned...

Concord, Sinopec Fujairah oil storage terminal ready late 2014

Concord and Fujairah oil storage terminal is expected to start operations in 2014. An oil storage terminal being built in the United...

Emirates Road renaming signals milestone for Dubai roads

Emirates Road and Al Khail Road nearing end. The 140km Emirates Road which links Abu Dhabi, Dubai and the northern emirates of...

UAE’s Aldar, Sorouh agree on merger proposal, claims report

Abu Dhabi's two biggest real estate developers have reached an agreement to merge. Abu Dhabi's two biggest real estate developers have reached...

Lending cap has stalled Dubai property purchases

Proposal to cap mortgages to 50 percent of the home value has inevitably unsettled the market according to Dubai real estate agents.....

Arabtec awarded Louvre Abu Dhabi contract

Arabtec has been awarded the contract to construct the Abu Dhabi branch of the Louvre museum. Landmark museum back on track in...

Bankers want more time to save UAE real estate market

UAE bankers have asked for a postponement of 50% cap on mortgages. UAE bankers have asked for a postponement of 50% cap on...

Najaf prison to be converted to musuem

One of the Iraqi city of Najaf's most famous landmarks is set to be restored . One of the Iraqi city of...

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