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Emaar Development approves $740m dividend for 2024
Emaar Development, a premier property development company specialising in build-to-sell assets, said its shareholders have approved the board proposal to distribute AED2.7 billion ($740 million) dividends for 2024, representing 68% of the share capital. -
Emirates co-locates to largest solar-powered data centre in Dubai
Dubai carrier Emirates has joined forces with Moro Hub, a subsidiary of Digital Dewa, for co-location services at the MBR Solar Park, in a major shift for the group’s robust technology infrastructure as it prepares for the next big growth trajectory. -
Saudi Arabia replaces over 133,000 lighting units at Makkah
Saudi authorities have announced that over 133,459 LED lighting units have been replaced at Madinah mosque and its key facilities, thus ensuring compliance with top global standards. The initiative helped in accentuating its architectural beauty. -
Burtville launches first hotel-branded project in Abu Dhabi
UAE-based Burtville Developments has unveiled its first hotel-branded residential project, Bab Al Qasr Resort Residence 18 & 19, at Masdar City in Abu Dhabi. A 483-unit luxury project, it features a mix of one to five-bedroom units and other amenities. -
Liebherr secures big crane order from Bahraini group Haji Hassan
Liebherr, a leading manufacturer of tower- and mobile construction cranes, has announced that it has received a major order from Bahrain-based crane rental company Haji Hassan for supply of a LTM 1160-5.2 mobile crane and two LTM 1090-4.2 cranes. -
Oman Cables 2024 net profit up 19.5pc; sales soar to $697m
Oman Cable Industry said it has delivered solid results for yet another year with its sales turnover for 2024 soaring to RO269 million ($697 million) with a 8.3% y-o-y increase over the previous year, while its net profit recorded a 19.5% jump over 2023. -
Qatari Diar unveils waterfront townhouses at Downtown Lusail
Qatari Diar Real Estate Investment has announced the launch of its upscale waterfront townhouses at The Seef located in the heart of Lusail’s waterfront district. It provides freehold ownership and residency, making it an attractive option for expats. -
Jafza expands logistics park with strategic investment
Jebel Ali Free Zone (Jafza) is strengthening its position with a strategic investment in the Phase Two of its cutting-edge Logistics Park adding 360,000 sq ft of Grade-A facilities including offices, temperature-controlled warehouses and loading docks. -
Aqualia sets new standard in Saudi house connection management
Aqualia, a leading global water management company, has announced that it has revolutionised house connection services in Saudi Arabia’s Northern Cluster through its collaboration with the National Water Company (NWC). -
RAK nets $688m in real estate sales amid property boom
The real estate market in Ras Al Khaimah has witnessed unprecedented growth, with transaction volumes skyrocketing over the past seven years, said a report. The total value of real estate deals in June last year surged to AED2.53 billion ($688 million). -
Bahrain unveils big infrastructure development plan
Bahrain is set to embark on a series of multi-million-dinar infrastructure projects this year including the fourth bridge connecting Muharraq with capital Manama as well as construction of over 8,000 housing units and two power projects, said a report. -
Oman seeks bids for Jabal Shams Grand Canyon project
Omani authorities have invited bids for the first phase of Jabal Shams Grand Canyon, a major tourism project that boasts key attractions including a recreational area, a glass walkway, a resort, zip line and a hiking trail as well as rock garden. -
Emaar Development approves $740m dividend for 2024
Emaar Development, a premier property development company specialising in build-to-sell assets, said its shareholders have approved the board proposal to distribute AED2.7 billion ($740 million) dividends for 2024, representing 68% of the share capital. -
Emirates co-locates to largest solar-powered data centre in Dubai
Dubai carrier Emirates has joined forces with Moro Hub, a subsidiary of Digital Dewa, for co-location services at the MBR Solar Park, in a major shift for the group’s robust technology infrastructure as it prepares for the next big growth trajectory. -
Saudi Arabia replaces over 133,000 lighting units at Makkah
Saudi authorities have announced that over 133,459 LED lighting units have been replaced at Madinah mosque and its key facilities, thus ensuring compliance with top global standards. The initiative helped in accentuating its architectural beauty. -
Burtville launches first hotel-branded project in Abu Dhabi
UAE-based Burtville Developments has unveiled its first hotel-branded residential project, Bab Al Qasr Resort Residence 18 & 19, at Masdar City in Abu Dhabi. A 483-unit luxury project, it features a mix of one to five-bedroom units and other amenities. -
Liebherr secures big crane order from Bahraini group Haji Hassan
Liebherr, a leading manufacturer of tower- and mobile construction cranes, has announced that it has received a major order from Bahrain-based crane rental company Haji Hassan for supply of a LTM 1160-5.2 mobile crane and two LTM 1090-4.2 cranes. -
Oman Cables 2024 net profit up 19.5pc; sales soar to $697m
Oman Cable Industry said it has delivered solid results for yet another year with its sales turnover for 2024 soaring to RO269 million ($697 million) with a 8.3% y-o-y increase over the previous year, while its net profit recorded a 19.5% jump over 2023.
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