News / Middle East

Bahrain’s Investcorp Invests USD 160 mn in Chicago, Boston

Bahraini global provider and manager of alternative investment products Investcorp is pumping investments worth almost USD 160 mn in an industrial portfolio of six properties in Chicago and Boston, Invest-Gate reports.

Saudi Home Prices Fall by 8%

Prices of houses in Saudi Arabia have declined by 8% while land prices are down by 9%, Reuters reports.

Emaar Hospitality Group Unveils 6 New Hotel Projects

Emaar Hospitality Group, the hospitality and leisure business of Emaar Properties, unveils six new hotel projects at the Arabian Travel Market (ATM) 2017, Invest-Gate reports.

Dubai’s DAMAC Properties Launches Golfotel, AKOYA Oxygen

Dubai-based real estate developer DAMAC Properties launches Golfotel, a five-tower hotel property surrounded by a golf course in Dubai’s AKOYA Oxygen community, Invest-Gate reports.

Eagle Hills to Launch New Project in Morocco

Leading UAE real estate developer Eagle Hills is launching a new luxury resort, La Bahia Blanca, in Tamuda Bay near Tangiers in Morocco, Invest-Gate reports.

Aldar To Invest AED 250 mn in Public Park, Reem Island

Abu Dhabi-based real estate developer Aldar is to invest AED 250 mn in a new public park on Reem Island, Invest-Gate reports.

Infrastructure Projects in Progress at Dubai’s Downtown Jebel Ali

Leading developer Limitless announces progress in infrastructure project in Dubai’s Downtown Jebel Ali (DJA), a mixed-use project, Invest-Gate reports.

ASTM International to Cooperate with Project Qatar Exhibition 2017

US standards development organization ASTM International will be a supporting partner of the 2017 Project Qatar Exhibition held in May, Invest-Gate reports.

Saudi’s ARTAR To Showcase Its Dubai Residential Tower at Restatex

Saudi Arabia’s real estate developer ARTAR will bring their Mada Residences project to virtual reality for visitors attending Restatex, the Riyadh Real Estate and Urban Development Exhibition taking place April 23-26, Invest-Gate reports.

Arabtec Asks Banks to Waive Debt Terms

Dubai-listed Arabtec Holding is asking banks to waive terms on its debt after it reported accumulated losses of AED 4.6 bn (USD 1.25 bn) last year, Invest-Gate reports.

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