Work on Landmark Cityview Tower in Bahrain’s Seef District Resumes

• Wednesday, 16th November 2016
• by Karim Mohy

Work on the Landmark Cityview Tower in Bahrain's Seef district has resumed after a five-year delay.

Abu Dhabi Rents Continue to Decline -Asteco

• Wednesday, 16th November 2016
• by Karim Mohy

According to real estate consultancy Asteco, apartment rental rates in Abu Dhabi continued to decline in the third quarter of 2016.

Hill International Records Losses on Lower Mideast Revenue

• Wednesday, 16th November 2016
• by Karim Mohy

US-based project management company Hill International declared net losses of $6.9 mn, mainly on the back of decreased consulting fee revenue and payment delays in its Middle East operations.

Stronger Dollar to Possibly Stall Dubai Recovery -Analysts

• Wednesday, 16th November 2016
• by Karim Mohy

The recent strength of the US dollar could possibly hamper the recovery of Dubai's struggling real estate market, according to analysts speaking to The National.

Dubai’s First Group Breaks Ground on Latest Hotel

• Tuesday, 15th November 2016
• by Karim Mohy

Dubai-based developer The First Group celebrated the groundbreaking ceremony on its latest hotel project, the Millennium Place JVT Dubai.

Qatar’s UDC to Launch New Projects at The Pearl

• Tuesday, 15th November 2016
• by Karim Mohy

Qatari United Development Company (UDC) announced the signing of three contracts for the construction of three new projects at its flagship project The Pearl-Qatar.

Kuwait’s Al-Tijaria Q3 Net Profit up 9% y-o-y

• Tuesday, 15th November 2016
• by Karim Mohy

Kuwaiti real estate firm The Commercial Real Estate Company (Al-Tijaria) recorded third quarter net profit of KWD 8.3 mn.

Egypt’s Arab Contractors Completes Major Hospital in Kuwait

• Tuesday, 15th November 2016
• by Karim Mohy

Egypt-based Arab Contractors Company has completed the construction of Sheikh Jaber Al-Ahmad Al- Sabah Hospital in Kuwait, considered the world’s sixth largest hospital.

SEZAD Proceeds With Duqm Fishing Port Works

• Tuesday, 15th November 2016
• by Karim Mohy

Oman’s Special Economic Zone Authority in Duqm (SEZAD) signed an agreement with Galfar Engineering and Contracting over the construction of a Fishery Port in Duqm.

InterContinental, Al-Futtaim Sign Deal for UAE’s Largest Holiday Inn

• Monday, 14th November 2016
• by Karim Mohy

InterContinental Hotels Group (IHG) and Al-Futtaim on Monday announced the signing of an agreement for the largest Holiday Inn hotel in the UAE in Dubai's Festival City, according to a press release.