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Real Estate

FEATURED REPORT...
Posted: 02-08-2011
SAUDI ARABIA.  The chairman of Kingdom Holding Company, HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, who has been the driving force behind the decision to build the world's tallest tower in Saudi Arabia, announced that the construction contract has been signed today. Kingdom Tower, with a height of over 1,000 meters, will begin construction imminently in Jeddah, Saudi Arabia.  Kingdom Tower will be the centerpiece and the first construction phase of Kingdom City, Jeddah Economic Company's (JEC) new urban development of more than 5.3 million square meters of land in the
Posted: May 7, 2013
KUWAIT. Doha Bank Summit in Kuwait brought together some of the region's leading consultants and advisory firms in their specific sectors discussing opportunities and trends.
Posted: May 6, 2013
UAE. The US$169.5 million settlement allows Kleindienst to continue with its planned development, ending the need for the involvement of the Dubai World Tribunal.
Posted: May 4, 2013
UAE. Government Asset Management Conference highlights international, regional best practice; The latest methodologies and strategies in asset risk management, asset reliability and asset information will be up for debate.
Posted: May 2, 2013
UAE. Dubai developer sells out at Jumeirah Park and Jumeirah Village Circle, with many investors "purchasing the properties as end-users".
Posted: May 2, 2013
UAE. Real estate developer and services company achieved consolidated net profit in the first quarter of AED 19.4 million (US$5.3 million) from AED9.4 million in the prior-year period.
Posted: May 2, 2013
UAE. To lead the overall strategic direction and business contribution of the information systems function and manage the implementation of technology, information accessibility and integrated systems.
Posted: May 2, 2013
UAE. Until now, individual investors have been largely excluded from Dubai's hospitality market, where the vast majority of rooms and serviced apartments are owned by private funds and hotel operators.
Posted: April 30, 2013
UAE. Non-free zone areas such as Dubai Industrial City and Dubai Investment Park maintain popularity; Modest rental rises across the board.
Posted: April 30, 2013
UAE. Profit attributable to shareholders rose to AED101.6 million (US$27.7 million) from AED83.6 million in Q1 2012; Revenues fell 35% to AED632.2 milion from 967.2 million in Q1 2012.
Posted: April 30, 2013
UAE. First quarter profit of AED154.3 million (US$42 million) compared with AED478.2 million (US$130.3 million) in Q1 2012; Revenue fell 55% to AED 1.6 billion from AED 3,6 billion in Q1 2012.
Posted: April 29, 2013
QATAR. Average sales, rental rates and activity levels stable - outlook positive as developers resurrect projects ahead of infrastructure surge says Asteco report.
Posted: April 29, 2013
UAE. The majority of these projects will be completed by 2018, according to a report issued by the International Property Show 2013.
Posted: April 29, 2013
UAE. Residential apartments in popular areas have witnessed an average rental increase of 10-15%; Sharjah's industrial and logistics sector accounts for approximately one fifth of the Emirate's GDP, finds Cluttons report.
Posted: April 24, 2013
UAE. Abu Dhabi has more than 0.8 million square metres of new retail space under development: Global shopping centre development grows 15%.
Posted: April 23, 2013
BAHRAIN. Positive outlook for the Kingdom's economy as political stability improves; Retail sector remains buoyant in both large and small developments.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 18, 2013
UAE. "The general trading atmosphere is sufficiently negative for gold to enable sellers to have a firm grip on the market. However, I fail to see how the rally in the stock markets can be put into any sensible relation to the economic plight of the underlying countries."
date:Posted: May 17, 2013
EGYPT. The Egyptian government has taken tentative steps towards reducing the roughly US$20 billion subsidy system that supporters say provides vital aid to the one-in-four Egyptians in poverty, and critics say is unsustainable and enriches the corrupt.
date:Posted: May 17, 2013
UAE. Red Hat's Mark Little and Tom Llewellyn explain how Large-scale Elastic Architecture for Data-as-a-Service (LEADS) will enable enterprises to leverage all of the public data on the web against privately held data.
INTERNATIONAL. Nothing new is coming online anytime soon and movement on developing renewable energy resources has been sadly inadequate. The idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype.



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