NEWS & INSIGHTS

Oman’s Al-Khonji Real Estate & Development LLC (AQAR) has been given the right to construct a touristic project at Duqm that includes hotels, residential and commercial complexes, and an amusement park. The Special Economic Zone Authority in Duqm signed a […]

The contract to extend Dubai’s metro system to the site of Expo 2020 has been awarded to a consortium of French, Spanish and Turkish firms in a deal worth $2.89bn. France’s Alstom, Spain’s Acciona, and Turkish outfit Gulermack will work […]

Plans have been revealed to set up the Prince Mohammad bin Salman College of Business and Entrepreneurship in Saudi Arabia’s King Abdullah Economic City (KAEC). The college is part of the Gulf kingdom’s 2030 Vision, which aims to bridge the […]

The spending associated with large-scale exhibitions, trade events, conventions and conferences hosted at Dubai World Trade Centre in 2015 has contributed AED12 billion ($3.26 billion) in retained value towards Dubai’s economy, according to a new report. The latest Economic Impact […]

The cultural domination of the humble cup of coffee is showing no signs of relaxing its grasp on the Middle East’s hot beverage market. The region represents 8 percent, or $6.5bn, of the $85bn spent on the drink globally and […]

UAE residents are expected to upgrade hotels and entertainment plans during trips to the UK due to the slumping pound. The value of the sterling dropped to below AED5 ($1.36) in the aftermath of the UK’s decision to leave the […]

The UAE’s Reading Nation campaign smashed its target of five million books be distributed to unprivileged children in Arab and Muslim countries. The campaign, concluded on Wednesday, raised a total of 8.2 million books since its launch on June 6. […]

About 10,000 new hotel rooms will open in Dubai throughout 2016, according to a new report. The Dubai Hotel Market Overview prepared by JLL for The Hotel Show Dubai 2016 reveals that 621 new hotel rooms opened in Dubai during […]

Trojan General Contracting (TGC), has been awarded a $270.2mn contract for the construction of the Mira Oasis townhouses The project is part of the second phase of the Reem, a master planned neighbourhood in Dubai. The second phase of the […]

A Masdar-led consortium has won the contract for the 800 megawatt third phase of the Mohammed bin Rashid Al Maktoum Solar Park, Dubai Electricity and Water Authority (DEWA) announced on Monday. Masdar will team up with Spanish firms, Fotowatio Renewable […]

Dubai: When it comes to dealing with change brought about by everything, from economic and political shocks, to long term trends such as technologies and demographics, the UAE is the most prepared in the Arab world. The country has emerged […]

Abu Dhabi-based Trojan General Contracting (TGC) has announced that it has been awarded a AED1 billion ($272 million) contract to build the Mira Oasis townhouses in the second phase of Reem, a master planned neighbourhood in Dubai. Reem, a large-scale […]