Date archive forJune, 2016
Dubai Airport
By Staff writer On Tuesday, June 21st, 2016

Passenger Traffic At DXB Exceeds 6.9 Million In April

Dubai International (DXB) welcomed more than 6.9 million passengers in April 2016 according to the monthly traffic report issued by operator Dubai Airports. Passenger numbers reached 6,978,268 in April, up 7.2% More...

By Staff writer On Monday, June 20th, 2016

Dubai-Based Investment Group Buys $2.4 Billion Stake In Kuwait’s Americana

Dubai-based investment group, Adeptio, led by Emaar Properties’ chairman Mohamed Alabbar has paid $2.4 billion for a majority stake in Kuwaiti F&B operator Americana, Reuters reported. Kuwait Food Company More...

acc const
By Staff writer On Sunday, June 19th, 2016

ACC wins $200mn contract to expand children’s hospital in Egypt

Arabian Construction Company (ACC) has landed a contract to expand a specialist children’s cancer hospital in Egypt. Built by ACC and opened in 2007, Children’s Cancer Hospital Egypt 57357 is one of the largest More...

Aldar properties announces third quarter financial results
By Staff writer On Thursday, June 16th, 2016

Aldar pockets $272mn from phase 1 of Yas Acres

Aldar Properties has raised AED 1bn ($272mn) from the first sold out phase of 267 units of its Yas Acres villa development in Abu Dhabi. Aldar properties announces third quarter financial results As a result of More...

By Staff writer On Sunday, June 12th, 2016

QNB Group: China’s Stimulus Is Boosting Activity But Also Elevating Risks?

During the second half of 2015, the Chinese authorities responded to slowing growth and activity through a number of economic stimulus measures. Various indicators show that activity in China’s economy has picked More...

By Staff writer On Sunday, June 12th, 2016

L&T to build $135mn Qatar World Cup stadium

Qatar’s Al Balagh Trading & Contracting and India’s Larsen & Toubro (L&T), have won the main contract to build Al Rayyan Stadium, a 40,000 seat venue that will host games up to the quarter-finals More...

By Staff writer On Friday, June 10th, 2016

DAMAC releases first residential units in AYKON City

Luxury apartments in DAMAC Properties’ AYKON City project overlooking the new Dubai Canal have gone on sale for the first time. The release of the units within the 60-storey residential tower follows the successful More...

By Staff writer On Thursday, June 9th, 2016

Conrad Hotels Officially Opens First Property In Saudi Arabia

Conrad Hotels and Resorts has officially opened its first hotel in the Kingdom of Saudi Arabia – the 438-room Conrad Makkah. Set in the heart of the Holy City and overlooking the Sacred Mosque, Al Masjid al Haram, More...

By Staff writer On Thursday, June 9th, 2016

Dubai’s The Tower to rise 100 metres taller than Burj Khalifa

The Tower at the heart of the Dubai Creek Harbour mega development will rise 100 metres above Burj Khalifa, the world’s tallest building. Emaar Properties chairman Mohamed Alabbar confirmed in a television interview More...

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