<rss version="0.91">
<channel>
<title>www.bi-me.com RSS feed for &#8211; Real Estate</title>
<link>http://www.bi-me.com</link>
<description>Middle Eastern Business News and Data</description>
<language>en-us</language>
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<title><![CDATA[Majid Al Futtaim proposed subordinated perpetual notes assigned &#039;BB+&#039; issue rating]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61941</link>
<description><![CDATA[UAE. &quot;We assess the proposed hybrid capital securities as having intermediate equity content, under our criteria,&quot; said Standard &amp; Poor&#039;s Ratings Services.]]></description>
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<title><![CDATA[Arabtec Holding appoints David Doyle as Chief Risk Officer]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61937</link>
<description><![CDATA[UAE. He will lead a function focused on risk management and control to support the company&#039;s performance and reputation.]]></description>
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<title><![CDATA[Dubai Holding&#039;s TECOM Investments announces new operational structure ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61913</link>
<description><![CDATA[UAE. Renewed focus on its core business of developing and operating business parks; Aims to capitalise on region&#039;s growth opportunities.]]></description>
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<title><![CDATA[Dubai&#039;s property agency Better Homes delivers world-first tool for end users]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61912</link>
<description><![CDATA[UAE. In a survey of 150 Dubai-based customers, 85% said they found the public review tool useful to navigate their way in their real estate search.]]></description>
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<title><![CDATA[Australia hits out over lengthy UAE court case]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61907</link>
<description><![CDATA[INTERNATIONAL. The Australian Foreign Minister has blasted as &quot;indefensible&quot; the length of time the legal process took in the UAE after an Australian was jailed for property fraud.

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<title><![CDATA[Kuwait&#039;s Kharafi group wins US$930 million from Libya ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61890</link>
<description><![CDATA[KUWAIT. Damages for former leader Muammar Gaddafi&#039;s cancelling of the construction of a vacation resort in Tripoli, which would have included hotel accommodation, villas and a shopping mall.]]></description>
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<title><![CDATA[Nakheel floats tender for ground works at The Pointe at Palm Jumeirah]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61894</link>
<description><![CDATA[UAE. Located at the tip of The Palm, opposite Atlantis, the project will contain a diverse range of shopping, dining and entertainment facilities, including a spectacular fountain display.]]></description>
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<title><![CDATA[DAMAC Properties announces US$ 100 Million Princess Tower in Baghdad ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61893</link>
<description><![CDATA[UAE. Middle East&#039;s leading luxury private developer announced a comprehensive strategic plan to expand its operations in Iraq.

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<title><![CDATA[Total assets of the Top 500 Companies in the Arab World stand at US$2.21 trillion, reveals Forbes study]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61874</link>
<description><![CDATA[UAE. Saudi Arabia&#039;s SABIC clinched the number one spot with net profits of US$6.6 billion and US$90.2 billion in total assets; Qatari companies top the banking, industrials, insurance, transport and retail sectors; The real estate sector is back on track.]]></description>
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<title><![CDATA[Classification of contractors and engineering consultancies in Abu Dhabi: deadline extended]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61866</link>
<description><![CDATA[UAE. The consequences of not being classified means that a company may not be able to hold a commercial license issued by the Abu Dhabi Department of Economic Development.]]></description>
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<title><![CDATA[Sarasin Group: Dangerous game with property and responsibility ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61844</link>
<description><![CDATA[INTERNATIONAL. The reckless monetary and fiscal policies of the West are undermining private property and responsibility for individuals. Yet both need each other and bring obligations with them in many respects. 

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<title><![CDATA[SKAI Holdings announces US$1 billion Viceroy Hotels and Resorts on Palm Jumeirah]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61848</link>
<description><![CDATA[UAE. The development will offer its guests 481 large rooms and suites, and 221 signature Viceroy Residences all with breathtaking views of the Arabian Sea made possible by innovative architecture and design.]]></description>
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<title><![CDATA[Forbes Middle East presents Top 500 Companies in the Arab World and Top 100 Making an Impact ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61845</link>
<description><![CDATA[UAE. The awards evening was a inspirational gathering, stirring budding entrepreneurs to aspire to brilliance and well-established businesses to expand their horizons, collaborate with the best in the region, and win. ]]></description>
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<title><![CDATA[Sales at DAMAC Towers by Paramount development exceed one billion dirhams ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61836</link>
<description><![CDATA[UAE. Phase three of sales launched early as more than 400 units sold in under two months.]]></description>
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<title><![CDATA[PineBridge Investments appoints Chief Investment Officer]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61834</link>
<description><![CDATA[BAHRAIN. Wael Aburida will lead the MENA private equity and real estate team covering the Middle East, North Africa and Turkey, with responsibility for deal origination, negotiations, execution, portfolio management, and exits.]]></description>
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<title><![CDATA[New Muscat hotels developments will double room numbers, says Cluttons report ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61821</link>
<description><![CDATA[OMAN. Recent research has shown that revenues and occupancy for four and five star hotels increased significantly in 2012, driven by Omani rather than foreign guests. ]]></description>
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<title><![CDATA[Nakheel awards contract for construction of Jumeirah Village Circle Villas]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61811</link>
<description><![CDATA[UAE. AED106 million (US$28.9 million) contract awarded to United Engineering Construction LLC (UNEC) for the construction of 90 homes.]]></description>
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<title><![CDATA[2013 is year of optimism and opportunity in GCC construction sector, finds Deloitte report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61807</link>
<description><![CDATA[UAE. In a region where there is an acute deficit in terms of infrastructure, all eyes are back on governments and how they propose to manage their spending, says Deloitte Middle East&#039;s GCC Powers of Construction Report.]]></description>
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<title><![CDATA[Contract awards for GCC projects to jump 73% to US$1.35 trillion by end 2013]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61797</link>
<description><![CDATA[UAE.  MEED cites two companies for outstanding contributions to growth of projects industry in the region.
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<title><![CDATA[The keys to surviving in a volatile Middle East real estate market]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61794</link>
<description><![CDATA[UAE. Booz &amp; Company examines the strong need for developers in the MENA region to learn from their past mistakes and build new core and differentiating capabilities - so as to ensure a successful and sustainable future in the real estate sector.]]></description>
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<title><![CDATA[Dubai Group agrees US$6 billion debt deal with bank committees]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61756</link>
<description><![CDATA[UAE. Emirate&#039;s latest step toward recovering from the 2009 debt crisis;  Economic growth in Dubai is picking up amid a pick up in tourism, real estate and trade.
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<title><![CDATA[UAE&#039;s investment power discussed at Gulf-Moroccan Investment Forum]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61752</link>
<description><![CDATA[MOROCCO. The forum aims to promote stronger business and investment ties between Morocco and the Gulf region; Tasweek receives &quot;excellent investment award&quot; for Marrakech Healthcare City project. ]]></description>
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<title><![CDATA[DAMAC to develop Championship Trump International Golf Course in Dubai]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61728</link>
<description><![CDATA[UAE.  The 7,205-yard, par 71 course will be located just ten minutes from Sheikh Zayed Road.]]></description>
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<title><![CDATA[Economic diversification will result in sustainable growth in Kuwait&#039;s real estate and infrastructure in Kuwait]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61733</link>
<description><![CDATA[KUWAIT. Doha Bank Summit in Kuwait brought together some of the region&#039;s leading consultants and advisory firms in their specific sectors discussing opportunities and trends. ]]></description>
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<title><![CDATA[Nakheel&#039;s The World settles with Kleindienst Properties ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61729</link>
<description><![CDATA[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. 
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<title><![CDATA[GCC asset management grows as US$121 billion worth of road, bridge infrastructure investemnt underway]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61714</link>
<description><![CDATA[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.]]></description>
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<title><![CDATA[Nakheel closes villa sales worth US$518 million ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61708</link>
<description><![CDATA[UAE. Dubai developer sells out at Jumeirah Park and Jumeirah Village Circle, with many investors &quot;purchasing the properties as end-users&quot;.]]></description>
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<title><![CDATA[Deyaar first quarter profit doubles to US$5.3 million ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61703</link>
<description><![CDATA[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.]]></description>
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<title><![CDATA[Arabtec Holding appoints Gordon Jack as Chief Information Officer]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61702</link>
<description><![CDATA[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. ]]></description>
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<title><![CDATA[Dubai developers luring individual investors with hotel boom]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61700</link>
<description><![CDATA[UAE. Until now, individual investors have been largely excluded from Dubai&#039;s hospitality market, where the vast majority of rooms and serviced apartments are owned by private funds and hotel operators.]]></description>
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<title><![CDATA[Cluttons sees healthy growth in Dubai&#039;s industrial and logistics sector ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61675</link>
<description><![CDATA[UAE. Non-free zone areas such as Dubai Industrial City and Dubai Investment Park  maintain popularity; Modest rental rises across the board.]]></description>
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<title><![CDATA[Sorouh Real Estate first quarter profit rise 21%]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61673</link>
<description><![CDATA[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.]]></description>
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<title><![CDATA[Abu Dhabi&#039;s Aldar reports 68% drop in first quarter profit]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61665</link>
<description><![CDATA[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. 

]]></description>
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<title><![CDATA[Doha real estate market steady in first quarter ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61657</link>
<description><![CDATA[QATAR. Average sales, rental rates and activity levels stable - outlook positive as developers resurrect projects ahead of infrastructure surge says Asteco report.]]></description>
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<title><![CDATA[UAE properties show more signs of recovery with the launch of 40 projects worth US$357 million ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61649</link>
<description><![CDATA[UAE. The majority of these projects will be completed by 2018, according to a report issued by the International Property Show 2013.]]></description>
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<title><![CDATA[Resilient real estate market remains one of Sharjah&#039;s top performing sectors]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61648</link>
<description><![CDATA[UAE. Residential apartments in popular areas have witnessed an average rental increase of 10-15%; Sharjah&#039;s industrial and logistics sector accounts for approximately one fifth of the Emirate&#039;s GDP, finds Cluttons report.]]></description>
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<title><![CDATA[Abu Dhabi ranks tenth in global shopping centre development]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61612</link>
<description><![CDATA[UAE. Abu Dhabi has more than 0.8 million square metres of new retail space under development: Global shopping centre development grows 15%.]]></description>
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<title><![CDATA[Cluttons sees surge in Bahrain&#039;s residential market supply with stable rents ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61600</link>
<description><![CDATA[BAHRAIN. Positive outlook for the Kingdom&#039;s economy as political stability improves; Retail sector remains buoyant in both large and small developments.]]></description>
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<title><![CDATA[Qatar puts domestic transport upgrade on top of priorities for next decade]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61597</link>
<description><![CDATA[QATAR. The sector will be the largest source of project opportunities, with at least US$70 billion worth of projects already planned.]]></description>
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<title><![CDATA[Development strategist to drive Farnek long-term vision]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61590</link>
<description><![CDATA[UAE. Jennifer Peltenburg to bring corporate and consumer-centric FM sales and marketing expertise to operation as company renews commitment to innovation in an evolving   market environment.]]></description>
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<title><![CDATA[Abu Dhabi home, office rents to fall on supply, says CBRE ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61541</link>
<description><![CDATA[UAE. &quot;The impact of sustained growth in overall housing stock is reflected in the continued decline of lease rates and reduced tenant loyalty amidst abundant and more affordable options.&quot;]]></description>
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<title><![CDATA[Capital investment in UAE infrastructure expected to soar to US$131 billion by 2016]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61539</link>
<description><![CDATA[UAE. The sector is expected to form 24.4% of the country&#039;s GDP, underlining its importance in the overall economic development.]]></description>
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<title><![CDATA[Nakheel reports 36% rise in first quarter profit]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61531</link>
<description><![CDATA[UAE. Nakheel continues to complete its near term projects and has now delivered around 5,400 homes, including around 770 in Q1 2013, to  customers since completing its restructuring in late 2011.]]></description>
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<title><![CDATA[Abu Dhabi prime real estate market heading back to recovery, says Jones Lang LaSalle]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61521</link>
<description><![CDATA[UAE. &quot;It seems the worst is now behind us and we are turning the corner. While not a full market recovery, we see that recovery is at least in sight for prime real estate.&quot;]]></description>
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<title><![CDATA[Middle East&#039;s urban development dream depends on data-driven tech innovation]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61527</link>
<description><![CDATA[UAE. &quot;Arab Future Cities&quot; expert, SAP&#039;s Sean Patrick O&#039;Brien, outlines five-pronged attack for sustainable cities.]]></description>
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<title><![CDATA[Sustainability among top concerns in GCC projects industry]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61506</link>
<description><![CDATA[OMAN. Oman, Saudi Arabia and UAE in race for MEED&#039;s Lafarge Sustainable Project of the Year award.]]></description>
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<title><![CDATA[Dubai real estate market positioned in recovery stage of market cycle, says Jones Lang LaSalle]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61504</link>
<description><![CDATA[UAE. For the first time since mid 2008, all sectors of the Dubai real estate market are positioned in the recovery stage of their market cycle. However, the positive performance remains largely concentrated in the best quality projects in prime locations.]]></description>
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<title><![CDATA[Rental gap between Abu Dhabi and Dubai is narrowing, says Asteco ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61503</link>
<description><![CDATA[UAE. Al Raha Beach apartments and affordable housing in MBZ and Mussafah push average leasing rates up 8%; Sales market strengthens.]]></description>
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<title><![CDATA[TASWEEK to present US$136 million integrated housing project at Cityscape Abu Dhabi 2013]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61493</link>
<description><![CDATA[UAE. The initial phases will see the construction of 400 2-, 3-, 4-, and 5-bedroom villas with land areas ranging from 200 to 400 square meters.]]></description>
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<title><![CDATA[Jeddah to host largest construction machinery show in GCC region]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61492</link>
<description><![CDATA[SAUDI ARABIA. Event will be co-located with Saudi Building &amp; Interiors Exhibition from 14 - 17 April 2013.]]></description>
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<title><![CDATA[Construction in Saudi Arabia: decennial liability]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61478</link>
<description><![CDATA[SAUDI ARABIA. Saudi Arabia remains a beacon for construction projects, with an estimated US$600 billion in construction projects planned or underway. This article  explores the principles of decennial liability under Saudi law and addresses the issue of contractors&#039; and design consultants&#039; exposure to decennial liability. 
]]></description>
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<title><![CDATA[Arab Spring fails to derail growth in MENA wire and cable markets]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61472</link>
<description><![CDATA[UAE. The GCC cable consumption is much larger than North Africa&#039;s, and is dominated by power cable and building wire.  In 2012, the GCC market reached almost 1.2 million gross cable tonnes, compared with 520,000 tonnes in North Africa.]]></description>
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<title><![CDATA[Average base salary of real estate professionals in the Middle East little changed from previous year]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61462</link>
<description><![CDATA[UAE. Average base salary of regional real estate professionals across all disciplines is AED36,293 (US$9,900) per month as compared to AED37,965 in 2011, according to Macdonald &amp; Company  latest &quot;Middle East Rewards and Attitudes Survey&quot;.]]></description>
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<title><![CDATA[Cluttons sees increased activity in the Dubai office and retail property market  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61461</link>
<description><![CDATA[UAE. Increased office demand will encourage previously stalled developments to restart; Price rises are most apparent in commercial areas that were worst hit.]]></description>
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<title><![CDATA[Qatar&#039;s strong exports and public expenditure will support diversification, says QNB report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61440</link>
<description><![CDATA[QATAR. The share of the non-oil and gas sector in the overall economy increased to 42.2% in 2012 from 40.7% in 2011. Growth in the oil and gas sector was just 1.7% as an increase in gas production to supply the new Pearl Gas-to-Liquids (GTL) facility more than offset declining crude oil production. 

]]></description>
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<title><![CDATA[Investcorp acquires five office properties valued at US$200 million]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61438</link>
<description><![CDATA[BAHRAIN.  Investcorp&#039;s US-based real estate arm has acquired five high-quality, office properties in the Washington, D.C., Denver and Houston metropolitan areas. ]]></description>
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<title><![CDATA[Dubai Properties Group launches sales of value family townhouses at Mudon community]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61437</link>
<description><![CDATA[UAE. DPG announced plans to restart work on phase one of the project in late 2012 in response to market demand for spacious and affordable family homes set within a family orientated community.]]></description>
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<title><![CDATA[Asteco appoints Sean McCauley to head sales and leasing ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61424</link>
<description><![CDATA[UAE. McCauley&#039;s main areas of responsibility will be, market pricing and project positioning, managing complex sales negotiations and directing overall sales strategy.]]></description>
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<title><![CDATA[SHUAA Capital Saudi Arabia appoints new Chairman ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61423</link>
<description><![CDATA[UAE. Kamel S. Almunajjed will lead the Group&#039;s subsidiary based in Riyadh.]]></description>
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<title><![CDATA[Alabbar to lead speaker panel on fifth ASDA&#039;A Burson-Marsteller Arab Youth Survey ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61419</link>
<description><![CDATA[UAE. Survey results based on face-to-face interviews with 3,000 Arab youth between the ages of 18 to 24 in 15 Arab nations.]]></description>
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<title><![CDATA[Orascom Construction Industries: Risk reward warrants a buy, says VTB Capital research]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61408</link>
<description><![CDATA[UAE. &quot;It now implies 22% upside potential and coupled with our expectation of regulatory approval of the mandatory tender offer of EGP 280 (for Egyptian listed stock) we are upgrading Orascom Construction Industries from Hold to Buy.&quot;
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<title><![CDATA[Mounting demand pushes Dubai real estate prices up further]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61388</link>
<description><![CDATA[UAE. Apartment and villa sales prices up 12% &amp; 5%, rents climb by 3% &amp; 4% respectively; residential rates climb in all areas according to  Asteco Q1 2013 Dubai real estate report. ]]></description>
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<title><![CDATA[Profits surge at Dubai Holding unit ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61364</link>
<description><![CDATA[UAE. Dubai Holding Commercial Operations Group&#039;s (DHCOG) 2012 net profit rises to 1.2 billion dirhams (US$326.7 million); Writedowns fall close to zero as property market recovers.]]></description>
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<title><![CDATA[Proposed mortgage cap in UAE may result in losses to GDP, says Geopolicity report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61355</link>
<description><![CDATA[UAE. The report finds that, unless revised upwards, the cap would not only have a negative impact on growth across the UAE; it would have a particularly detrimental impact on the Dubai economy.  ]]></description>
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<title><![CDATA[Dubai gears up for next, more modest boom]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61343</link>
<description><![CDATA[UAE. Scars of property crash, corporate debt overhang remain; But government, companies laying big expansion plans; Demographics, regulation still favour Dubai.]]></description>
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<title><![CDATA[3.5 million commercial property tenants managed by CBRE participate in WWF&#039;s Earth Hour 2013]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61340</link>
<description><![CDATA[UAE. &quot;Our involvement in Earth Hour reinforces our environmental sustainability commitment and demonstrates that our clients, employees and tenants in our managed properties stand united with people across the globe in climate change concern.&quot; ]]></description>
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<title><![CDATA[Nakheel delivers 95%  of villas at Dubai&#039;s Al Furjan residential community]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61336</link>
<description><![CDATA[UAE. Located just off Sheikh Mohammed Bin Zayed Road, close to Discovery Gardens and Ibn Battuta Mall, Al Furjan comprises 819 residential units.]]></description>
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<title><![CDATA[Arabtec appoints Mark Andrews as Chief Operating Officer]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61331</link>
<description><![CDATA[UAE. Mr Andrews has extensive experience in the construction of civil infrastructure, large and iconic buildings, power, oil and gas and industrial projects.]]></description>
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<title><![CDATA[Zach Shahin sentenced to 15 years in Dubai prison for embezzlement]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61328</link>
<description><![CDATA[UAE. According to the verdict, Shahin was convicted of &quot;intentionally damaging the interest of Deyaar&quot; and embezzling 30 million dirhams along with three other men, all foreigners.]]></description>
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<title><![CDATA[US$17 billion worth of transport schemes still up for grabs in Qatar]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61316</link>
<description><![CDATA[QATAR. 4th Annual Qatar Transport Conference to provide detailed guide to business and investment opportunities in the next 12-18 months.]]></description>
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<title><![CDATA[Tasweek compares post-crisis approaches of UAE &amp; Europe at MIPIM 2013]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61319</link>
<description><![CDATA[UAE. The different approaches taken by the UAE and Europe to address economic challenges provide valuable insights on the future of their respective real estate sectors.]]></description>
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<title><![CDATA[Arabtec names former Deutsche Bank executive as M&amp;A head]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61308</link>
<description><![CDATA[UAE. Shohidul Ahad-Choudhury will also act as a financial advisor to the managing director and chief executive officer, Arabtec said today in a statement to the Dubai stock exchange.]]></description>
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<title><![CDATA[Selective growth in Cairo real estate market, finds Jones Lang LaSalle ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61300</link>
<description><![CDATA[EGYPT. Despite on-going political and economic challenges facing the Cairo market, selective growth can be seen in some residential and retails sectors in the city.]]></description>
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<title><![CDATA[Arabtec signs US$136 million Cairo building contract]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61293</link>
<description><![CDATA[UAE. The Nile Towers, to be built in the Maadi suburb of south Cairo, will include a Hilton Hotel with 256 guest rooms and suites plus other facilities.]]></description>
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<title><![CDATA[Saudi Arabia has some of the GCC&#039;s lowest &#039;residual incomes&#039; for affordable housing ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61246</link>
<description><![CDATA[SAUDI ARABIA. Ernst &amp; Young report, unveiled at the Jeddah Economic Forum 2013, highlights that the widening gap of effective demand over affordable housing is proof that governments&#039; existing efforts will require more support in the coming years.]]></description>
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<title><![CDATA[Widening gap between international and local prime office space rental rates in Riyadh indicates diverging occupancy trends]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61233</link>
<description><![CDATA[SAUDI ARABIA. In Riyadh rental rates have risen by between 1% and 14% for villas with the largest rises being in the central areas.  The variation for apartments is less, at between 3% and 10%, with the area under most pressure being the western part of the city.]]></description>
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<title><![CDATA[Saudi Real Estate weighs funding for project, says CEO]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61176</link>
<description><![CDATA[SAUDI ARABIA. Saudi Real Estate Co. may sell Islamic bonds or take out bank loans this year to finance a 5 billion-riyal (US$1.3 billion) housing development north of Riyadh.]]></description>
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<title><![CDATA[DAMAC launches first Paramount-branded hotel in the Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61139</link>
<description><![CDATA[UAE. &quot;DAMAC Towers by Paramount&quot; is a US$1 billion five-star hotel and branded serviced  residences in the Burj Khalifa area of Dubai.]]></description>
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<title><![CDATA[HSBC among banks said to agree US$4 billion Al Jaber debt deal]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61136</link>
<description><![CDATA[UAE. The company agreed with its five main lenders on terms, including loan repayments over five years; The debt will pay 3-4 percentage points over LIBOR.]]></description>
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<title><![CDATA[UAE construction and infrastructure development industries estimated to reach US$54.1 billion by 2016]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61115</link>
<description><![CDATA[UAE. Renewed growth in construction and infrastructure development sparks fresh interest in region among international majors.

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<title><![CDATA[Shareholders of Aldar and Sorouh approve merger]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61112</link>
<description><![CDATA[UAE. On the effective date of the merger, Sorouh shares would be delisted from the Abu Dhabi Securities Exchange and Sorouh would be dissolved as a legal entity. Aldar will then be named AldarSorouh Properties PJSC (&quot;AldarSorouh&quot;). ]]></description>
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<title><![CDATA[Meydan, Arabtec and WCT to discuss out-of-court arbitration settlement of racecourse disputes]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61096</link>
<description><![CDATA[UAE. Arbitration proceedings were initiated over four years ago following claims and counter-claims regarding payments between Meydan and the 50-50 Arabtec-WCT joint venture.]]></description>
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<title><![CDATA[Nakheel pays US$56 million to lenders]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61083</link>
<description><![CDATA[UAE. The funds, due to be paid at the end of February 2013 bring the total loan interest and trade creditor sukuk profit paid to US$251.5 million since restructuring.   ]]></description>
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<title><![CDATA[Owners face shortfall between operating costs and service charges in UAE office market]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61077</link>
<description><![CDATA[UAE.  Jones Lang LaSalle report concludes that operating costs and service charges are becoming increasingly critical issues.]]></description>
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<title><![CDATA[How will Saudi Arabia&#039;s new mortgage law affect banks? ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61068</link>
<description><![CDATA[SAUDI ARABIA. &quot;We believe Saudi banks will expand their mortgage lending activity significantly over time, strengthening their competitive advantage.&quot;]]></description>
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<title><![CDATA[Saudi Arabia issues regulations for 3 mortgage laws to boost market]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61060</link>
<description><![CDATA[SAUDI ARABIA. Kingdom issues final regulations on real estate financing, leasing and the supervision of financial companies.]]></description>
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<title><![CDATA[Emaar unveils &#039;The Address Residence Sky View&#039; in Downtown Dubai]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61047</link>
<description><![CDATA[UAE. Rooftop infinity pool and &quot;Sky Deck&quot; with 360-degree views of Downtown Dubai and sweeping panoramas of the Gulf.]]></description>
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<title><![CDATA[London Shard builder to manage world&#039;s tallest tower development in Saudi Arabia]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61042</link>
<description><![CDATA[INTERNATIONAL. Mace Group was chosen to manage the development of the kilometer-high Kingdom Tower in Jeddah.]]></description>
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<title><![CDATA[Jumeirah Lakes Towers Free Zone tops the list for start-ups in Dubai, says Cluttons]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61021</link>
<description><![CDATA[UAE. JLT Free Zone, the fastest growing free zone in the UAE, has seen a 33% increase in new company registrations over the last year.]]></description>
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<title><![CDATA[Hamptons MENA records 19% growth in property sales transactions ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61020</link>
<description><![CDATA[UAE. &quot;The property sector dynamic of Dubai has opened on a strong note this year, with robust sales and rental demand in the established communities.&quot;]]></description>
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<title><![CDATA[Jones Lang LaSalle launches new business line in the Middle East ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61012</link>
<description><![CDATA[UAE. Easy access for regional buyers of residential properties in central London; Wahi Mohsen appointed as new Head of London Residential Sales.

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<title><![CDATA[Online shopping and fashion retailers dive global logistics demand, finds CBRE survey]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61003</link>
<description><![CDATA[UAE. Multichannel retailers seeking new facilities and requiring larger spaces drive demand in the world&#039;s leading cities.]]></description>
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<title><![CDATA[Drake &amp; Scull Qatar signs MEP contract for real estate development project]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61006</link>
<description><![CDATA[QATAR. DSI Qatar presents flagship projects, discusses key insights on Qatar&#039;s emergence as a regional powerhouse market during MEED Qatar Conference 2013.]]></description>
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<title><![CDATA[Union Properties in talks to settle US$599 million debt]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=60990</link>
<description><![CDATA[UAE. Dubai developer to settle debt through measures that will include property swaps, according to its chairman. &quot;We are trying to reduce the company&#039;s costs,&quot; he said]]></description>
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<title><![CDATA[Doha property sales transactions up 20%]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=60989</link>
<description><![CDATA[QATAR. Over 7,000 sales transactions in 2012; value of transactions up by 35%, according to Asteco Qatar Q4 2012 report.]]></description>
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<title><![CDATA[Abu Dhabi lays foundations for US$45 billion Pakistan property project]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=60982</link>
<description><![CDATA[UAE. Sheikh Nahayan bin Mubarak al-Nahayan said the investment plans, touted in Pakistan as biggest ever foreign investment - were at a very early stage.

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<title><![CDATA[Nakheel in talks to extend US$2.2 billion loan ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=60980</link>
<description><![CDATA[UAE. Dubai developer Nakheel is in talks to extend 8 billion dirhams (US$2.18 billion) in loans due in 2015, the indebted company&#039;s chairman was quoted as saying in a local newspaper.]]></description>
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<title><![CDATA[Government initiatives remain key driving force in stimulating Abu Dhabi real estate activities ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=60979</link>
<description><![CDATA[UAE. Any strategy should look to foster end-user demand rather than constraining it, with more restrictive measures required to limit the activities of speculators and the negative effects of &quot;hot money&quot; on the market.]]></description>
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<title><![CDATA[Dubai plans biggest ferris wheel as part of US$1.6 billion project]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=60968</link>
<description><![CDATA[UAE. Dubai&#039;s ruler approved the building the world&#039;s largest Ferris wheel as the centerpiece of a 6 billion-dirham project known as Bluewaters. The Dubai Eye will cost 1 billion dirhams to build and will stand at 210 meters.]]></description>
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<title><![CDATA[Gatehouse Bank completes US acquisition of GSA tenanted office building]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=60958</link>
<description><![CDATA[KUWAIT. The deal is expected to return a stable and healthy yield over the investment period. ]]></description>
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