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News
- 18.06.2013
- The investment by Oman Tourism Development Company (Omran) has reached OMR 600 million and is spread over projects managed by the company in various governorates of the Sultanate.
- 18.06.2013
- US-based global provider of real estate services, Coldwell Banker has announced the launch of its Oman operations, Muscat Daily has reported. The company's operations in the sultanate will provide professional real estate services like residential renting, buying and selling services, commercial renting, market research and property valuation, and property and facility management.
- 18.06.2013
- The Mohammad Bin Rashid Housing Establishment has launched the construction of 68 housing units within the housing project of Barsha, which will include 1,040 houses fit for small families, Wam has reported. Sami Gargash, Executive Director of the Establishment, gave directives to accelerate the completion of the housing, and pointed out that the date of completion will be announced soon, the report said.
- 18.06.2013
- Dubai, UAE - With a mission to improve the quality of life through meaningful innovations, and the vision to strive for a healthier and more sustainable world, Royal Philips (NYSE: PHG, AEX: PHIA) held an informative session today highlighting the global and regional impact of lighting on peoples' lives. The session was hosted at the Change Initiative where Mr. Adbo Rouhana, Head of Philips
- 18.06.2013
- Dubai, UAE, June 18th, 2013: Chesterton, the international property agency established in 1805, will be unveiling two properties worth over AED 1.4 billion in Dubai for UAE investors. The two projects are Barratt London's new AED 800 million 'Queensland Terrace' project and 'Altitude', an AED 600 million 27-storey residential tower. Both these projects are being unveiled at an exhibition that is
- 18.06.2013
- Outlook Stable Fitch Ratings-London-18 June 2013: Fitch Ratings has affirmed Jebel Ali Free Zone FZE's (JAFZ) Long-term Issuer Default Rating (IDR) at 'B+', with a Stable Outlook. Fitch has also affirmed JAFZ Sukuk (2019) Limited's senior secured rating of 'B+'/'RR4'.On 11th June 2013, Brookfield Asset Management announced the acquisition of EZW Gazaley LTD from Economic Zones World, part of Dubai
- 18.06.2013
- Abu Dhabi, 18 June 2013: Abu Dhabi Commercial Engineering Services (ADCE), a subsidiary of Abu Dhabi Commercial Bank (ADCB), today announced it has been awarded ISO certification for its Environmental practices and OHSAS certification for its Occupational Health and Safety practices. The receipt of ISO 14001 and OHSAS 18001 is testament of ADCE's successful implementation of integrated
- 18.06.2013
- (The following statement was released by the rating agency)
LONDON, June 18 (Fitch) Fitch Ratings has affirmed Jebel Ali Free Zone FZE&aposs
(JAFZ) Long-term Issuer Default Rating (IDR) at &aposB+&apos, with a Stable Outlook.
Fitch has also affirmed JAFZ Sukuk (2019) Limited&aposs senior secured rating of
&aposB+&apos/&aposRR4&apos.
On 11th June 2013, Brookfield Asset Management announced the
- 18.06.2013
- Fitch Ratings has affirmed Jebel Ali Free Zone FZE's
(JAFZ) Long-term Issuer Default Rating (IDR) at 'B+', with a Stable Outlook.
- 18.06.2013
- Indiabulls, one of India's largest listed developers, eyes GCC expansion by year-end
- 18.06.2013
- June 18, 2013, Dubai, UAE: With record number of exhibitors showcasing Indian Properties worth billions of rupees, Indian Property Show's June 2013 edition is poised to be the biggest ever. The 3 day property extravaganza will be held from June 20-22, 2013 at Hall no 8, Dubai World Trade Centre and open to public from 11:00 am to 8:00 p.m on all three days. This exclusive exhibition will
- 17.06.2013
- Saudi billionaire Prince Alwaleed bin Talal says he is looking at the world's largest cities, including Shanghai, Moscow, London and New York, as possible locations to build a mile-high skyscraper that would be the world's tallest building by far.
- 17.06.2013
- The non-refundable entrance fee is new to Dubai as emirate's real estate market rebounds
- 17.06.2013
- Residents were left stranded for up to 12 hours in Dubai’s Princess Tower
- 17.06.2013
- Agreement signed to buy phase 1 of Saadiyat Beach Residences from loss-making TDIC
- 17.06.2013
- Abu Dhabi's Tourism Development & Investment Co (TDIC) has sold the first phase of Saadiyat Beach Residences to Mubadala Pramerica Real Estate Investors (MPREI), a 50-50 joint venture between Abu Dhabi investment fund Mubadala and US-based Prudential Financial. The deal comes after state-owned TDIC, which is also building local branches of the Louvre and Guggenheim museums on the island, warned last month it might have to sell assets this year. Phase One of the development consists of 285 units over three separate five-story buildings, each containing 95 units in a mix of one, two and three-bedroom apartments. Under terms of the acquisition, the property is subject to a five-year leaseback to TDIC, in which the company will manage leasing the residences on behalf of MPREI. Phase One, which was launched in the fourth quarter of 2012, is currently 80% leased.
- 17.06.2013
- Drake and Scull International (DSI) has said it may consider an additional listing of its shares on Saudi Arabia's Tadawul bourse, although the Dubai-based construction firm does not have any imminent plans for it, Reuters has reported. "It's a logical thing to do. I recognise there is a potential in the Saudi market," DSI chief executive Khaldoun Tabari told reporters in Dubai, without providing a timeline for any potential listing.
- 16.06.2013
- Investment bank VC Bank acquires new build residential project; slated for 2014 completion
- 16.06.2013
- Customers can move into fully services apartments from July 1, says managing director
- 16.06.2013
- Prices start at AED1.7m at Barratt's Queensland Terrace located opposite the Emirates Stadium