Drake & Scull International (DSI), a regional market leader in the MEP sector, said its subsidiary has won a Dh86 million ($23.4 million) turnkey contract from Iraqi Ministry of Municipalities for setting up a waste water treatment plant in the city of
A potential merger agreement between Abu Dhabi developers Aldar Properties and Sorouh Real Estate is expected to be announced "within a month," a senior Sorouh executive said on Sunday. Indebted Aldar and Sorouh said in March they were in talks for a
Eshraq Properties Company today on 30 Sep 2012 issued a report about its successful acquisition of Nuran Marina Hotel Apartments in the popular Dubai Marina Area with Emaar Properties. Eshraq Properties Company is a successful real estate company based
Dubai's Emaar Properties, the builder of the world's tallest tower, has sold one of its hotel assets to an Abu Dhabi-based real estate firm Eshraq Properties for an undisclosed amount. Eshraq Properties said in a statement on Saturday that it has
Qatar-based Barwa Real Estate Group, a leading investment company, will take part at the upcoming Cityscape Global 2012 in Dubai, a major international real estate and development event. The event is scheduled to run from 2-4 October at the Dubai
Emaar Hospitality Group, the hospitality and leisure business of global property developer Emaar Properties, has further strengthened its global footprint, particularly in the fast-growing markets of Africa, with a new management contract to operate a
Barwa Real Estate Group, Qatar's leading international real estate and investment company is expected to take part at Cityscape Global 2012. The event is scheduled to run from 2-4 October 2012 at the Dubai International Convention and Exhibition Centre.
NCB Capital on 25th Sep 2012 issued a report on Dar Alarkan Real Estate Development Company (Dar Al Arkan), rating it to neutral with Price Target (PT) dipping by 0.9% to SR10.7/share. Current market price of Dar Al Arkan is SR 9.6/share and is currently
Emaar Properties has sold all units, it released on September 22, in the second tallest building in Downtown Dubai – ‘The Address The BLVD’ serviced residences. The newest residential offering of Emaar Properties recorded a sell-out response on the very
Qatar’s Barwa Bank has been chosen as a co-manager for Turkey’s first sukuk transaction worth $1.5bn. Moreover, the Shariah-compliant financial institution has been ranked number six in international sukuk, ten in global sukuk (including global local
Emaar Properties, Dubai-based developer, will be selling units in The Address The BVLD project in Downtown Dubai as high as Dh29,000 per square metre (Dh2,650 per square feet), which is more than double the average sales price in the area, market sources
Drake & Scull International (DSI) has won a Dh1.3 billon (US$353.9 million) pipeline construction contract in Iraq, intended to service one of the world's largest oilfields. The builder based in Dubai was awarded the contract for half of the value of the
Ezdan Real Estate will soon transform into a holding company and diversify its investments through purchasing 15 companies from Tadawul Holding Group. These were approved by shareholders yesterday at its ordinary and extraordinary general assembly
Emaar Properties, developer of the world's tallest tower in Dubai, plans to build a new hotel in the city's high-end Downtown area, its first major hotel project since the emirate's property crisis erupted in 2009. Emaar, which had skirted clear of its
Emaar Properties on Sunday announced to build a new hotel in Downtown area and that will be the second tallest property in the high-end area, according to chief executive officer for retail Arif Amiri. Amiri did not disclose value of the project and even
NCB Capital rated AKARIA to ‘Neutral’ with Price Targeting (PT) dropping by 5.3% to SR 27.8. Currently the market price of AKARIA is SR 27.0. According to the published report on the ncbc website, the company is expected to report earnings growth in the
RAK Properties, Ras Al Khaimah's biggest property developer listed on Abu Dhabi Stock Exchange, has entered into a strategic agreement with Choithrams, a leading retail company to develop two flagship retail outlets in Mina Al Arab and Julfar Towers.
Ezdan Real Estate Co said it invited shareholders to approve turning the Middle East’s biggest developer by market value into a holding company. An extraordinary shareholders meeting is set for September 17 for voting to change the company’s purpose so