20th June, 2013, 06:51
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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: June 5, 2013
UAE. Leading construction company targets at least 10% dividend payout per annum.
Posted: June 5, 2013
UAE. Average price for a penthouse in prime Central London is now 13.3 million pounds (US$20.6 million).
Posted: June 4, 2013
UAE. Award-winning Infinity Tower receives Dubai Municipality completion certificate; Cayan is inaugurating the AED1 billion tower on June 10, 2013.
Posted: June 3, 2013
KUWAIT. Backlog rises 2.0%QoQ in 1Q13; Order receipts/new awards plummet 55.9%QoQ in 1Q13; Gross margins improve to 11.4% in 1Q13 from 9.2% in 4Q12.
Posted: June 3, 2013
UAE. 350 Legacy Nova homes sold on morning of launch bringing in sales values in excess of 1.4 billion dirhams.
Posted: June 3, 2013
INTERNATIONAL. Research paper highlights the popularity of new-build housing stock in London amongst international investors and the potential for high returns; The number of private tenancies rise by 80% over the last decade.
Posted: June 2, 2013
LIBYA. Libya Projects 2013, organised by MEED in association with Business Mirror (BM), will dissect the new wave of projects that will be undertaken in Libya over the next decade.
Posted: June 2, 2013
KUWAIT. Markets continued to maintain uptrend; Government support & improved market sentiment to boost the sector, according to Global Investment House 1Q13 real estate report.
Posted: May 28, 2013
UAE. Landlords in the Emirate are once again benefiting from the rising residential rents in Dubai and an influx of people who are being priced out of the market accordingly.
Posted: May 27, 2013
UAE. A new 28,000 square metre retail hub that will bring another 150 shops to the existing Ibn Battuta complex.
Posted: May 27, 2013
QATAR. propertyfinder Q1 report for Qatar published; Qatar has weathered the downturn as the government embarks on ambitious real estate, construction and infrastructure projects.
Posted: May 27, 2013
UAE. Hawary Marshad will provide both operational and strategic support to the organization, on matters relating to the management, sourcing and deployment of capital.
Posted: May 27, 2013
UAE. Dubai mall developer Majid Al Futtaim Holding (MAF) is looking to issue a debt sale to finance its buyout of French hypermarket chain Carrefour's stake in a regional venture.
Posted: May 25, 2013
UAE. The joint venture between Arabtec Saudi Arabia and Greece's Terna has been awarded a contract by Aldara Medical Corporation to build Aldara Hospital and Medical Center, a 105-bed hospital in Riyadh.
Posted: May 23, 2013
UAE. "We assess the proposed hybrid capital securities as having intermediate equity content, under our criteria," said Standard & Poor's Ratings Services.
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RedditMIDDLE EAST BUSINESS COMMENT & ANALYSIS
date:Posted: June 19, 2013
INTERNATIONAL. Year-to-date, the gold futures have corrected 18.43% to US$1,367 while the CRB Commodities Index dropped 2.91% and the Dollar Index rose 1.06%.
Increasing awareness of need to create more sustainable buildings and communities in the Middle East
date:Posted: June 19, 2013
UAE. Jones Lang LaSalle report assesses the region's response to the global debate surrounding the environmental, economic and social sustainability of the built environment.
date:Posted: June 18, 2013
INTERNATIONAL. Global emerging market equity allocations at lowest since 2008; A net 56% of global investors believe the world economy will strengthen over the coming year, up from a net 48% in May.
Increasing awareness of need to create more sustainable buildings and communities in the Middle East UAE. Jones Lang LaSalle report assesses the region's response to the global debate surrounding the environmental, economic and social sustainability of the built environment.
INTERNATIONAL. In this exclusive interview, Chris Faulkner, CEO of Breitling Energy Companies discusses how Bakken has turned the US into an economic powerhouse and how the US can compete with Saudi Arabia.
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