Date archive forMay, 2016
Marasi
By Staff writer On Saturday, May 28th, 2016
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Dubai Holding unveils AED1bn Marasi Business Bay development

Dubai Properties Group, part of Dubai Holding, has unveiled a new AED1bn ($272mn) creekside property development on Business Bay. Marasi Business Bay features the region’s first purpose-built yachting destination More...

construction generic shot
By Staff Writer On Thursday, May 26th, 2016
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EMS bags $2.4mn deal to provide waste services to Ajman

EMS has clinched a contract to supply Ajman with waste management equipment worth over GBP1.6m ($2.34mn). The deal – which is for a materials recovery facility in two stages and includes the MH 3500 metering More...

3doffice
By Staff writer On Thursday, May 26th, 2016
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Dubai Ruler unveils world’s first 3D printed office building

The UAE has launched of the world’s first fully functional 3D-printed building in Dubai on the premises of Emirates Towers. The unique building which will house the temporary office of the Dubai Future Foundation, More...

Binladin
By Staff writer On Sunday, May 22nd, 2016
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Saudi Binladin Group secures $667mn loan

Saudi BinLadin Group (SBG) has reportedly bolstered its cash flow after securing a $666.5m (SAR2.5bn) loan from local banks using land as collateral. Arab National Bank and Saudi British Bank are said to be providing More...

Motiongate_Aerial View - new map
By Staff Writer On Tuesday, May 10th, 2016
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The Deluxe Group wins motiongate Dubai Contract

UK theming contractor The Deluxe Group is helping to bring life to five attractions based on Sony Pictures Studios movies in motiongate™ Dubai, part of the multi-themed leisure and entertainment destination More...

INI
By Staff Writer On Tuesday, May 3rd, 2016
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Invest Northern Ireland on UAE/KSA Trade Mission

A total of 23 Northern Irish companies represented by Invest Northern Ireland are to embark on a trade mission with the UAE and Saudi Arabia, across the specialist construction, F&B, hotel supply chain, security More...

The Tower at Dubai Greek Harbour
By Staff writer On Sunday, May 1st, 2016
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Emaar net profit increases by 17% Q1 2016

Global developer Emaar Properties PJSC has recorded first-quarter (January to March) 2016 net profit of AED 1.205 billion (US$ 328 million). This is an increase of 17 per cent compared to the net profit of AED 1.026 More...