Date archive forAugust, 2015
benoy-kurien-general-manager
By Staff Writer On Monday, August 31st, 2015
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Falcon Island phase II to be revealed at Cityscape

Ras Al Khaimah’s largest real estate developer Al Hamra Real Estate Development is to launch the second phase of its Falcon Island project at Cityscape Global, 2015. The multi-million dollar luxury Falcon Island More...

mohammed-bin-rashid-al-maktoum-city-district-one-crystal-lagoon
By Staff Writer On Monday, August 31st, 2015
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Crystal Lagoons appoints new ME director for $13bn projects

Crystal Lagoons Corp., the patented technology developer of giant crystalline lagoons, has appointed Carlos Salas as regional director, ME, to head up the company’s strategic growth, inheriting an impressive existing More...

ADAC_Midfield_Terminal_Complex_render_1
By Staff Writer On Monday, August 31st, 2015
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Midfield Terminal to be standing by February next year

De-propping the curved roof of the Abu Dhabi Airport’s Midfield Terminal Building (MTB) began yesterday. Once done the structure is set to look like it is floating on 18 steel arches. In this first of nine de-props, More...

Dubai
By Staff Writer On Monday, August 31st, 2015
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60% of investors predict Dubai realty growth

A survey by YouGov has revealed that 60% of investors expect Dubai’s real estate market to grow over the next 12 months. The results demonstrated 54% of home buyers feel positive about the continuing growth of More...

ibis Styles Jumeirah (2)
By Staff Writer On Sunday, August 30th, 2015
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R Hotels opens Ibis Styles, Jumeirah Dubai

R Hotels has announced the opening of its fifth property the ibis Styles hotel, on Al Mina Road, Jumeirah, Dubai. The 3-star property features 191 rooms and suites, an all-day dining restaurant and two specialty More...

1. Cityscape Awards
By Staff Writer On Sunday, August 30th, 2015
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Shortlist: The Cityscape Global 2015 awards

37 real estate projects from 15 countries, will take away a Cityscape Global Awards 2015 trophy from the ceremony on September 8, at Conrad Hotel, Dubai. Sustainability is an underlining trend at this year’s Cityscape More...

Jason Harborow
By Staff Writer On Sunday, August 30th, 2015
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“Take more risks” Gulf managers told

More risk and the development of creative thinking skills could boost productivity among Gulf-based workforces, according to a study released by PA Consulting Group. The report highlights the belief that leadership More...

Toko Dubai_5
By Staff Writer On Thursday, August 27th, 2015
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Something for the weekend: Toko

In Japan, Marine Day (or  Umi No Hi, as it is natively known) is a national holiday during which the island nation thanks the ocean for its bounty. It isn’t just about seafood. In Japan the ocean is as important More...

Employees at Takoradi 2, Ghana
By Staff Writer On Tuesday, August 25th, 2015
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TAQA fights revenue decline despite energy price crisis

TAQA, the Abu Dhabi based international energy company, has mitigates the impact of a 50% fall in oil and gas prices according to its H1 2015 performance results, as reported by Emirates News Wire, WAM. Primarily More...

hebron
By Staff Writer On Tuesday, August 25th, 2015
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ERC launched AED1.45m Palestine water project

The Emirates Red Crescent (ERC) has launched an AED1.45 million water project that will contribute to stimulating the Palestinian economy through provision of water for agricultural purposes, according to reports More...

Turkish Real Estate
By Staff Writer On Tuesday, August 25th, 2015
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Turkish property sales to foreign investors up 22%, H1

The sale real estate in Turkey to foreign investors increased 22% in the first half of 2015. Dominated by holiday and second home sales, the figures have been boosted by the rise in Arab tourists to the country, More...

ship
By Staff Writer On Monday, August 24th, 2015
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UAE Nationals land senior jobs with ADSB

Four new UAE nationals have been appointed to lead key divisions within the Abu Dhabi Ship Building (ADSB). The appointments were issued by CEO Dr Khaled Al Mazrouei to go in line with the company’s commitment More...

wind turbines
By Staff Writer On Monday, August 24th, 2015
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Unnamed German investor to fund Iran wind farm

A 30 turbine wind farm in Iran’s Arvand Free Zone will be constructed following a deal between a “private company investing on behalf of Germany” and Iran, according to national news service, Press More...

IDA
By Staff Writer On Sunday, August 23rd, 2015
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Dubai hosts International Dragon Award

The Chinese insurance industry’s largest annual event, the International Dragon Award has opened in Dubai; the first time it has been held in the Middle East. With more than 5,700 delegates confirmed, the event More...

MODI KEF
By Staff Writer On Sunday, August 23rd, 2015
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PM Modi praises KEF’s vision of sustainable construction

The UAE and India has teamed up to raise $75bn worth of funds for India’s development. The decision came after Indian Prime Minister (PM) Narendra Modi’s brief visit to the UAE this August. This was the first More...

Dubai expo
By Staff Writer On Thursday, August 20th, 2015
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Parsons Wins Infrastructure Contract for Dubai Expo 2020

Parsons has been awarded the infrastructure design and construction supervision services contract for the Dubai Expo 2020 site. The contract will include designing, monitoring, managing, and delivering of the project’s More...

doha construction site
By Staff Writer On Wednesday, August 19th, 2015
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Qatar’s WPS postponed by 3 months

The government of Qatar has delayed the launch of the much awaited wage protection system (WPS) which was due to be launched , August 18. Qatari newspaper The Peninsula reported that the launch has been postponed More...

doha metro
By Staff Writer On Wednesday, August 19th, 2015
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Qatar Rail showcases phase one of Doha Metro

Qatar Railways Company has presented the architecture opportunities available at Doha Metro’s first 37 stations to an auditorium of 300 project managers, design and build contractors, and prospective suppliers. The More...

MoEW
By Staff Writer On Tuesday, August 18th, 2015
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New committee to be formed under Green Growth strategy

The UAE Ministry of Environment and Water (MoEW) is in discussion with Emirates Transport to establish a sustainability committee to implement a number of initiatives around energy efficiency, conservation, integrated More...

EIC award
By Staff Writer On Tuesday, August 18th, 2015
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Abu Dhabi hospitality college in global “top 3”

The Abu Dhabi-based European International College (EIC) has been named among the top three hospitality management schools in educational innovation in the world at the Worldwide Hospitality Awards, Paris. EIC is More...

1. JW Marriott Marquis Dubai
By Staff Writer On Monday, August 17th, 2015
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Dubai hotel occupancy up 26%

Preliminary data for Dubai hotel performance has shown an occupancy rise of 26.1% following a slump during the early summer and Ramadan. Now standing at 57.6% across the emirate, the boost has also translated into More...

Image courtesy WAM
By Staff Writer On Monday, August 17th, 2015
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PM Modi highlights concern for labourers

Indian Prime Minister Narendra Damodardas Modi has used his visit to a construction labour camp in Abu Dhabi to highlight India’s concern about the welfare of its nationals working in the GCC construction sector. A More...

The Croft_Darren Velvick_Chef de Cuisine_2
By Staff Writer On Monday, August 17th, 2015
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Marriott launches project to support F&B Entrepreneurs

Marriott International’s Project Canvas campaign has given rise to another new concept in Dubai, with the launch of The Croft by Darren Velvick within the Dubai Marriott Harbour Hotel & Suites, Dubai Marina. Closely More...

_DSC5326
By Staff Writer On Sunday, August 16th, 2015
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45% increase in MEA hotel construction

There has been a 45.4% YoY in the number of hotels being constructed in the Middle East and Africa, according to a new report from STR Global, as the region reported 98,831 rooms in 381 hotels under construction More...

RAK_Properties1
By Staff Writer On Sunday, August 16th, 2015
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RAK to add 10,000 hotel rooms by 2020

Rah Al Khaimah Tourism Development Authority discussed the emirate’s 10,000 room hotel pipeline at the inaugural meeting to align the strategic plans for the destination and to further drive the vision of His More...

delhi
By Staff Writer On Sunday, August 16th, 2015
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India losing talent, LinkedIn data finds

India is losing talent at a higher rate than any other country in the world, according to data compiled by LinkedIn. The professional social networking site with more than 380m members globally analysed every position More...

F:1565DrawingsOther DrawingsInternal Communications4. Repor
By Staff Writer On Sunday, August 16th, 2015
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Nakheel awards AED38m contract for Al Furjan

Nakheel awarded a new construction contract in its 560 hectare Al Furjan community in Dubai. The contract worth AED38m is for a new mosque and a retail sector to be called the Nakheel Pavilion. The 8,000 sqft mosque, More...

network cables RJ45 connected to a switch
By Staff Writer On Saturday, August 15th, 2015
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Emerson adds PoE to wireless Gateway

Emerson Process Management has added Power over Ethernet (PoE) to the Smart Wireless Gateway 1420, making it possible to power the gateway and compatible devices using a standard Ethernet cable. PoE allows easy, More...

Sir Ranulph Fiennes photgraphed at Oracle in Reading.
By Staff Writer On Friday, August 14th, 2015
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Sir Ranulph Fiennes to speak at Seatrade Maritime Awards

British explorer Sir Ranulph Fiennes OBE will make a speech to more than 850 shipping and maritime personalities at the 12th Seatrade Maritime Awards Middle East, on 19 October at Madinat Jumeirah, Dubai, Widely More...

pano_resort Starwood
By Staff Writer On Friday, August 14th, 2015
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Starwood Hotels expands in Spain

Starwood Hotels & Resorts Worldwide, Inc. has signed a property agreement with the Phoenix Enterprises for The Westin La Quinta Golf & Spa Resort, a hotel conversion in the Andalusian resort in Benahavis Due More...

ADAM SAVAGE EXPLORES MASDAR INSTITUTE
By Staff Writer On Thursday, August 13th, 2015
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TV’s Adam Savage visits Masdar Institute

Adam Savage, star of TV series Mythbusters, has visited Masdar Institute of Science and Technology, part of Masdar City. Adam ventured into the inner workings of the facility, which conducts research into alternative More...

Maggi Masala TV ad
By Staff Writer On Thursday, August 13th, 2015
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India seeks $98.6 damages from Nestle over Maggi noodles ban

The Indian government has launched legal action against Nestle, the Swiss manufacturer of Maggi Noodles, following a public health emergency in June when unsafe levels of lead were detected in products. Seeking More...

Charles Phillips, CEO, Infor
By Staff Writer On Thursday, August 13th, 2015
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Infor set to acquire GT Nexus

New York-headquartered Infor, recently announced it has entered into an agreement to acquire GT Nexus, for $675 million, pending approval by regulators. Approximately 25,000 businesses rely on GT Nexus, the world’s More...

Visa's new office in Bangalore
By Staff Writer On Thursday, August 13th, 2015
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Visa and Stripe team up to create buy buttons for online payments

Visa’s Visa has teamed up with mobile and online payment provider Stripe to introduce new technologies, such a “buy buttons”, and online payment experiences for merchants, developers and consumers worldwide. Through More...

Abu Dhabi Farmers' Services Centre
By Staff Writer On Wednesday, August 12th, 2015
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UAE agriculture to receive boost from East Asia

The UAE’s agriculture sector is to receive a boost through the implementation of modern technology and observations of best practice from East Asia. To gain insights in the field of agriculture and aquaculture, More...

DSI Tabari
By Staff Writer On Wednesday, August 12th, 2015
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DSI records AED2.39bn revenue and AED58m operating profit in H1

Drake & Scull International PJSC (DSI) reported today total revenue of AED2.39bn and net profit of AED 34 million for the first half of 2015 ended June 30th. The company achieved a 2% YoY growth in Revenue in More...

Tristar Chemical Faciity Ground-breaking
By Staff Writer On Wednesday, August 12th, 2015
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New $20.43m chemical warehouse for Tristar in JAFZA

Tristar Group is to open a new $20.43m chemical warehouse and bagging plant in Jebel Ali Free Zone (JAFZA), a first of its kind for the free zone, due to open in 2016. The plans were revealed by Tristar Group CEO More...

The luxury Anantara Sir Bani Yas Island Al Yamm Villa Resort is a popular holiday hotspot for domestic tourism guests
By Staff Writer On Wednesday, August 12th, 2015
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17% increase in guest arrivals to Abu Dhabi, H1

The total number of hotel guests to Abu Dhabi in H1 2015, increased 17% on the previous year, with a total 1.98million, generating more than 5.7m room nights across 163 hotel and hotel apartments. The figures, released More...

pau_2015_08_09
By Staff Writer On Wednesday, August 12th, 2015
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Lighting market worth $3.5bn by 2020

As ‘green’ infrastructure investments increase in the GCC, Frost and Sullivan predict lighting market to be worth $3.5bn by 2020. The current market worth $2.5bn is projected to grow at a compound annual growth More...

Tortilla
By Staff Writer On Tuesday, August 11th, 2015
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Tortilla to open 30 stores across GCC

Tortilla, a fast-casual Mexican restaurant concept, has signed a franchising deal with Dubai-based development partner Eathos to open over 30 stores across the GCC in the next 10 years. Richard Morris, managing More...

Sachin Tendulkar with Issam Kazim, CEO of Dubai Tourism, and Sachin Gado...
By Staff Writer On Tuesday, August 11th, 2015
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Sachin Tendulkar the face of Dubai Tourism campaign

Famous cricketer Sachin Tendulkar has been recruited as the face of a joint campaign between premium-experience travel website Musafir.com and Dubai Tourism, to tempt more Indian travellers to the emirate. The new More...

Lamudi
By Staff Writer On Tuesday, August 11th, 2015
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Lamudi makes UAE debut

Online real estate market place, Lamudi, has launched its operations in UAE with ambitions to capitalise on a real estate market which generated investments exceeding $831m in H1 of this year. Launched in 2013, More...

Bloom Marina_Day Perspective
By Staff Writer On Monday, August 10th, 2015
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ASGC completes structural construction on Marina Bloom

Al Shafar General Contracting Co. LLC (ASGC) announced the completion of structural work for the Marina Bloom development yesterday. The mixed-use project is developed UAE-based Bloom Properties. It will feature More...

Hazza Baker Al Qahtani
By Staff Writer On Monday, August 10th, 2015
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Gulf Navigation, NAT reach accord

Gulf Navigation Holding (Gulfnav), the Dubai-based shipping company, has signed a settlement agreement with one of its major creditors, Nordic American Tankers Limited, Bermuda (NAT). The announcement was made in More...

L-R: Luis Rein, Grupo Cobra shakes hands with Rashid Mehran Al Baloushi, Utico.
By Staff Writer On Monday, August 10th, 2015
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Utico, Cobra ink mega water-desalination project in RAK

Utico, part of the $2bn UAE-based Ghantoot Group of companies, and Spanish energy giant Grupo Cobra, have sealed a $195 million deal to establish one of world’s largest independent and green desalination facilities More...

Riyadh
By Staff Writer On Monday, August 10th, 2015
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KSA accounts for 75% of IPOs in Q2

Saudi Arabia was identified as having the most active IPO market in the GCC in Q2 2015, accounting for 75% of the total number of IPOs and 87% of total money raised in the quarter, a total of $1bn. The data, from More...

Melbourne
By Staff Writer On Sunday, August 9th, 2015
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Etihad arrives in Melbourne, Australia

Etihad Airways made its first touchdown in Melbourne Australia today, following the inaugural direct flight form Abu Dhabi. The new route creates an extra 2,296 seats on the popular route each week, and will further More...

cityscape jeddah
By Staff Writer On Sunday, August 9th, 2015
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Supply of high-rise luxury residential units up in KSA

Investor and tenant demand is driving development of modern luxury high-rise developments in Jeddah, Riyadh and the ‘tri-city’ area, according to new data from Colliers International, continuing the “transformation” More...

Michel Combes
By Staff Writer On Sunday, August 9th, 2015
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Alcatel-Lucent CEO steps down ahead of Nokia deal

A new leadership structure has been implemented at Alcatel-Lucent ahead of the firm’s merger with Nokia and the departure of CEO Michel Combes (pictured). Effective September 1, 2015, and for the duration of the More...

1309849604
By Staff Writer On Sunday, August 9th, 2015
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Food market could exceed $1tr in MENA by 2030

The World Bank estimates the MENA region’s food industry could be worth $1tr by 2030, with the GCC positioned to become a major logistics hub, lead by Saudi Arabia. Food is the key driver for the logistics market More...

IMG_0927
By Staff Writer On Thursday, August 6th, 2015
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Food worth $3.5bn wasted in UAE every year

Research claims almost 3.27m tonnes of food, produced in the UAE every year and estimated to be worth $3.5bn, is wasted due to oversupply and inadequate logistics provisions. The calculations were made by supply More...

UAE real estate market stabilises
By Staff Writer On Thursday, August 6th, 2015
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Dubai affordable housing stock increasing

Natural market adjustments are leading to a surge in “affordable” housing in Dubai, according to data from Cityscape Global. According to a statement from the organisers, end-users are set to capitalise on stabilisation More...

New York Times Square
By Staff Writer On Thursday, August 6th, 2015
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Airbnb “squarely aimed at competing with hotel rooms”

Airbnb is directly competing with hotel stock in New York City, offering short term rentals for $256, compared to the current ADR of $289 for hotel rooms, according to a new study released by STR Global. The hospitality More...

Nurol Park
By Melanie Mingas On Wednesday, August 5th, 2015
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Turkish conglomerate eyes GCC investment

Turkish industrial conglomerate Nurol Holding, is inviting GCC investors to commit to its properties in Istanbul, Turkey. Present as Nurol Construction and Trading Company in the GCC since 2003 – one of 40 subsidiary More...

Jebel Ali School
By Melanie Mingas On Wednesday, August 5th, 2015
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ALEC to construct school within Akoya

UAE contractor ALEC, has won the contract for The New Jebel Ali School located inside Akoya by Damac earlier today. The new school will comprise separate foundation, primary and secondary school buildings, including More...

TOURISM AUTHORITY WELCOMES CROATIAN DELEGATION TO ABU DHABI
By Melanie Mingas On Wednesday, August 5th, 2015
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Google unites Abu Dhabi TCA and Croatian National Tourism Board

Google MENA facilitated a best practice forum between Abu Dhabi TCA and the Croatian National Tourism Board to assist the two in collaborating in the realms of digital content brand development and marketing. “The More...

Omar Soudodi
By Melanie Mingas On Wednesday, August 5th, 2015
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PAYFORT launches “game changing” E-commerce payment system

Online payment gateway, PAYFORT, has introduced an installments service for clients in the UAE, Saudi Arabia and Egypt, offering merchants the ability to offer pay-via-installment options to customers. The product More...

Nathalie Visele, director Shamal Marketing Communications
By Melanie Mingas On Wednesday, August 5th, 2015
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WorldWise PR Affiliates adds to international PR alliance

WorldWise PR Affiliates, co-founded by Dubai-based Shamal Marketing Communications, has announced SGR Comunicaciones of Buenos Aires, Argentina and Sabina Covo Communications of Cartagena, Colombia have joined its More...

Tasneef irshad-vessel
By Melanie Mingas On Tuesday, August 4th, 2015
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Tasneef and Irshad sign agreement for maritime compliance

Tasneef and Irshad have signed a one year contract to survey and classify 31 of offshore vessels, including tugs, pilot boats, crew boats and barges. The agreement is aligned with the strategy to cover 50% of the More...

Four Points Istanbul 2
By Melanie Mingas On Tuesday, August 4th, 2015
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Starwood debuts Four Points in Turkey

Starwood Hotels and Resorts has added its seventh brand to its Turkish portfolio, with the opening of Four Points by Sheraton in Dudullu, on the Asian side of Istanbul. Owned by Ever Group, the 182 room hotel is More...

Mark Pheonix  omniyat
By Melanie Mingas On Tuesday, August 4th, 2015
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“Poor FM planning increases developer costs”

Managing director of Omniyat Mark Pheonix in an interview with Construction Business News Middle East said that facilities management (FM) team should be considered as during the design brief in the initial stages More...

Mohamed Alabbar, chairperson Emaar Properties PJSC.
By Melanie Mingas On Monday, August 3rd, 2015
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Emaar records H1 net profit of $600m

Emaar Properties PJSC has posted H1 2015 net profit of $600m, up 12% YoY, with revenues of $1.769bn, up 13% YoY. Emaar’s retail, shopping and hospitality operations were responsible for the steep increase contributing More...

عبور السفن (15)
By Melanie Mingas On Monday, August 3rd, 2015
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Suez Canal completion “astonishing” says ICS

Ahead of the official inauguration of the Suez Canal, the International Chamber of Shipping (ICS) has praised its timely completion as “astonishing”. “The impression we’re taking away is this is a huge undertaking More...

Xperia M5 Aqua Dual
By Melanie Mingas On Monday, August 3rd, 2015
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Revealed: Sony Mobile’s Xperia C5 Ultra Dual and Xperia M5 Dual

Sony Mobile has unveiled its two new smartphones with near professional camera quality, advanced selfie capabilities and up to two days battery life. The Xperia C5 Ultra Dual and Xperia M5 Dual go on sale in the More...

Stethoscope on a printed sheet of paper
By Melanie Mingas On Monday, August 3rd, 2015
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GCC lags behind OECD countries’ healthcare systems

Current healthcare facilities across the region lag behind those of other Organisation for Economic Co-operation and Development (OECD) countries, according to healthcare director of AECOM, Carl McKenzie. In an More...

Hussein Hachem
By Melanie Mingas On Sunday, August 2nd, 2015
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Aramex seeks acquisitions after Q2 profit boost

Dubai-based courier Aramex has stated intentions for multiple acquisitions in the second half of 2015, following strong Q2 performance of $25m net profit, support by a boost in online shopping. According to a bourse More...

Dubai Metro
By Melanie Mingas On Sunday, August 2nd, 2015
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Gulf infrastructure projects up 78% to $86bn

Awards for commercial and civil infrastructure projects in the Gulf region reached values of $86bn in 2014, up 78% on 2013 contract awards. The materials handling sector has seen huge gains on the back of the announcements More...

18233213044_2dbff11c16_z
By Melanie Mingas On Sunday, August 2nd, 2015
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Rolls-Royce appoints Alan Davis as non-executive director

Rio Tinto chief executive Alan Davis has been appointed non-executive director of the board of Rolls-Royce and member of the Nominations and Governance Committee, and Audit Committee, effective from 1 November 2015. Currently More...

d3 Masterplan 1
By Melanie Mingas On Saturday, August 1st, 2015
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Dubai creative industry boost credited to political vision

Multiculturalism and shared political vision have been hailed as key driving forces between the establishment and growth of the creative industries in the UAE. Speaking at a panel discussion in London, Cyril Zammit, More...

china trade
By Melanie Mingas On Saturday, August 1st, 2015
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Dubai-China trade worth AED 47 billion in Q1 2015

China is well positioned as Dubai’s top trading partner, with bilateral trade volume valued at$12.8 billion in the first quarter of 2015, director of Dubai Customs, Ahmed Mahboob Musabih, revealed recently following More...