02

Tasweek’s “Smart Living City Dubai” to drive real estate industry growth in 2014 and beyond

April 2014 in News by Publisher

Integration of ‘smart’ elements to sustain development of property & other related service industries

TASWEEK Real Estate Development and Marketing, an advisor and solutions provider, has announced that it is partnering with ‘Inside Investor’ to hold an event called ‘Smart Living City’ (SLC) taking place on September in Dubai, SLC will highlight the importance of incorporating advanced technologies into projects to sustain the growth of real estate and other related service industries.  Read the rest of this entry »

3

Sanctuary Falls on track for delivery in 2014

April 2014 in News by Publisher

Award-winning golf community to start handovers by Q4 2014

Shaikh Holdings, the award-winning Dubai-based real estate investment and development company, has confirmed that works are successfully progressing at its AED 1.1 billion Sanctuary Falls project, located in Jumeirah Golf Estates, in Dubai, UAE. Handovers of the 97-villa luxury community will commence by the fourth quarter of 2014. The project is being built by Arabtec Construction, a leading engineering and construction company specialising in complex projects in the Middle East and North Africa region. Read the rest of this entry »

Winners of Best Consumer Award of DEWA announced at SmarTech 2014

April 2014 in News by Publisher

Dubai Electricity & Water Authority (DEWA) has announced the winners of the tenth Best Consumer Award during SmarTech 2014 exhibition organised in conjunction with Water Energy Technology Exhibition WETEX 2014 from 14-16 April at Dubai International Convention and Exhibition Centre.

The Best Consumer Award encourages DEWA’s residential customers to reduce the consumption of electricity and water and implement eco-friendly practices to reduce the use of natural resources required to generate electricity and for a sustainable future, for generations to come. Read the rest of this entry »

02

Altaaqa Global Opens East Africa Office

April 2014 in News by Publisher

The new Nairobi office will serve as a hub for Altaaqa Global’s sales and operations in the East Africa region

Dubai-based Altaaqa Global CAT Rental Power, a global provider of temporary power solutions, has recently opened a branch in Nairobi, Kenya to serve the East Africa territory. The office will cater to several countries, including Tanzania, Rwanda, Burundi, Uganda, Kenya, Somalia, Ethiopia, Sudan, South Sudan, Djibouti and Eritrea. Read the rest of this entry »

02

Phase one of Kizad Logistics Park now complete

April 2014 in News by Publisher

83% of warehouse units are pre-leased and being handed over

Officials from Khalifa Industrial Zone Abu Dhabi (Kizad) announced today that phase one of its massive Kizad Logistics Park (KLP) has now been completed and warehouse units are being handed over to tenants. Read the rest of this entry »

02

MECO fosters a better office environment in the Middle East

April 2014 in News by Publisher

- The MECO Middle East Best Practice Guide establishes guidelines for the construction and organization of office spacesThe MECO Middle East Best Practice Guide for office spaces was launched today by the Middle East Council for Offices (MECO). The guide – the first one of its kind to be published in the region- aims to establishing best practices in the specification of modern office buildings and ultimately to improve the quality of office accommodation in the Middle East. Read the rest of this entry »

Emaar Properties to hold 16th Annual General Meeting on April 23, 2014

April 2014 in News by Publisher

Meeting to discuss proposal of Board regarding distribution of 15% cash dividend and 10% bonus shares Emaar Properties PJSC will hold its 16th Annual General Meeting (AGM) on Wednesday, April 23, 2014, at 7pm at Armani/Pavilion, Armani Hotel Dubai in Burj Khalifa. If the meeting falls short of quorum, the next AGM will be held at 7pm on Wednesday, April 30, 2014, at the same venue. The AGM will discuss the proposal of the Board of Directors regarding distribution of dividends to the shareholders amounting to 15 per cent of the share capital being AED 15 fils per share as cash dividend, and 10 per cent bonus shares of the share capital of the company for the year 2013. The meeting will receive and approve the report of the Board of Directors on the company’s activities and financial position, and the Auditors’ report for the year ending December 31, 2013. The AGM will also appoint the auditors for 2014. Emaar had recorded full-year 2013 net profit of AED 2.568 billion (US$ 699 million) and annual revenue of AED 10.328 billion (US$ 2.812 billion). The company’s strong performance was underlined by recurring revenues from the company’s shopping malls & retail and hospitality & leisure business units, which together contributed AED 4.8 billion (US$ 1.307 billion) to FY’13 revenue, or 46 per cent of the total. Driving the growth of Emaar’s malls & retail business, The Dubai Mall, the company’s flagship mall, welcomed over 75 million visitors, a growth of 15 per cent over 2012. In 2013, Emaar’s property business generated total revenue at AED 5.528 billion (US$ 1.505 billion). Revenues from the company’s global operations were AED 1.167 billion (US$ 318 million), representing 11 per cent of the total revenue. Building further on its core competency of creating prime real estate assets, Emaar launched several new major projects in Dubai during 2013 including: The Address Residence Fountain Views I, II, and III; The Address Residence Sky View and Burj Vista in Downtown Dubai; The Hills and Vida Residence in Emirates Living; and Palma and Rosa villas in Arabian Ranches. Emaar also unveiled The Opera District, featuring the iconic Dubai Opera, a 2,000-seat multi-venue performing arts centre, in Downtown Dubai. These projects recorded strong investor response, reflecting the growing confidence in Dubai’s property sector and in Emaar’s project delivery credentials. The total value of sales recorded by Emaar in Dubai was AED 12 billion (US$ 3.3 billion), nearly three times compared to the sales in 2012. Further marking Emaar’s project delivery credentials, Emaar handed over more than 2,072 residential units in Dubai and international markets in 2013. In Dubai, some 1,653 residences were delivered in addition to over 147,000 sq ft of commercial space. More than 122,000 sq ft of additional commercial space is currently available for immediate leasing. Emaar has handed over more than 37,350 residential units since 2001, including 32,902 units in the UAE. Additionally, Emaar has also delivered over 2.3 million sq ft of commercial space, of which nearly 693,000 sq ft are in international markets.

02

Investing in Research Universities Only Way to Strengthen Innovation, Says MIT President

April 2014 in News by Publisher

Dr. Rafael Reif Commends Progress of Masdar Institute at Lecture in Abu Dhabi

The most fundamental way for a nation to build its strength in innovation is to invest in its research universities because this investment brings forth new knowledge and human capital – two key aspects that help accelerate innovation, according to Dr. L Rafael Reif, President of the Massachusetts Institute of Technology (MIT). Read the rest of this entry »

Projects market boom lifts business in high-growth Middle East construction markets

April 2014 in News by Publisher

With more than $40bn worth of new contracts awarded in the six-nation GCC alone in the first quarter, the projects markets of the Middle East are set to enjoy record-breaking year in 2014.

So far, among the high profile projects that have been awarded include the $12bn Kuwait National Petroleum Company’s Clean Fuels Project; Qatar’s Ashgal has so far awarded over $3bn worth of projects for the Expressway and LRDP schemes; Abu Dhabi’s Musanada has awarded over $1bn worth of contracts for the Mafraq-Ghuweifat Road Development project; Qrail has awarded $700mn worth of contract for the Elevated Section of the Doha Metro’s Red Line South project; and Al Reem Island in the UAE has awarded the main contract with a value of $705mn. Read the rest of this entry »

02

DEWA signs two MoUs with Korea Electric Power Corporation (KEPCO) and Korean Association of Machinery Industry (KOAMU) during WETEX 2014

April 2014 in News by Publisher

MoUs strengthen economic ties between the UAE and Korea in the energy sector

Dubai Electricity and Water Authority (DEWA) has signed two MoUs with Korea Electric Power Corporation (KEPCO) and Korean Association of Machinery Industry (KOAMU), during the second day of the 16th Water, Energy, Technology and Environment Exhibition (WETEX 2014) and Green Week. Read the rest of this entry »

02

al khaliji launches Premium Banking in the UAE

April 2014 in News by Publisher

Al Khaliji France S.A., a wholly-owned subsidiary of Al Khalij Commercial Bank (al khaliji) Q.S.C. has launched our award winning Premium Banking service to Premium customers in the UAE. Read the rest of this entry »

02

More Renewable Energy Needed to Avoid Catastrophic Climate Change

April 2014 in News by Publisher

Renewables the world’s best economic and technological option

The International Renewable Energy Agency (IRENA) reinforced the call to action from the Intergovernmental Panel on Climate Change (IPCC) to limit global temperature increase and avert catastrophic climate change in a statement issued today. The transition to a sustainable global energy mix must be accelerated, the Agency said, in order to reduce global carbon dioxide (CO2) emissions by 40-70 percent compared with 2010 by 2050. Renewable energy, IRENA highlights, is the economically viable and technologically proven option to keep CO2 levels below the widely accepted threshhold of 450 parts per million (ppm). Read the rest of this entry »

02

Ras Al Khaimah prepares to welcome new Air Arabia hub

April 2014 in News by Publisher
  • Start of operations anticipated to boost tourism sector
  • Eight routes initially offered from RAK International Airport

Air Arabia, the newly designated carrier of Ras Al Khaimah, today joined the emirate’s tourism and aviation authorities to announce the operational details of its soon to open hub at RAK International Airport, its fourth international base and second in the UAE. During a joint press conference with the RAK Department of Civil Aviation (DCA) and the Tourism Development Authority, Air Arabia announced that starting May 6, 2014, it will offer direct services to eight routes from RAK International Airport, giving an immediate boost to the emirate’s rapidly growing tourism sector. Read the rest of this entry »

02

Engineer Mahdi Ali delivers a presentation on leadership and Innovation at Borouge Innovation Awards 2014

April 2014 in News by Publisher

Engineer Mahdi Ali, Head Coach of the UAE national football team, highlighted the significant role that innovation and creative thinking play in fulfilling the planned goals in life during a special presentation he delivered while participating as a guest of honour at the Borouge Innovation Awards 2014 which was held at Jumeirah at Etihad Towers in Abu Dhabi. Read the rest of this entry »

Untitled-1

Imdaad introduces bio fuel in garbage collection vehicles to support its ‘Go Green’ initiative

April 2014 in News by Publisher

Move to ensure reduction in company’s carbon footprints for a greener environment

Imdaad, a leading provider of integrated facilities management (FM) solutions in the GCC, has announced the launch of its new ‘Go Green’ initiative to support its commitment towards building sustainable communities that promises to offer the best quality of life to its people and the coming generations. The company has introduced bio fuel in three of its garbage collection trucks to reduce its carbon footprint by using renewable and natural alternative from fossil fuel. Imdaad is the only FM company in the UAE that has opted for bio fuel in its waste collection vehicles.

Read the rest of this entry »

02

Under the directive of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE, Ruler of Dubai

April 2014 in News by Publisher

16th Water, Energy, Technology, and Environment Exhibition (WETEX) 2014 opened

Sustainability Solutions key focus for exhibitors and visitors on first day

The 16th Water, Energy, Technology, and Environment Exhibition (WETEX 2014), was inaugurated today by HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, under the directive of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai, and under the patronage of HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance, and President of DEWA Read the rest of this entry »

02

HH Sheikh Ahmed Bin Saeed visits Empower stand at WETEX; reviews projects and future plans

April 2014 in News by Publisher

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, visited Empower’s stand at the 16th edition of Water, Energy, Technology and Environment Exhibition (WETEX) 2014, and reviewed the company’s current projects and future plans.

Empower, the world’s largest district cooling services provider, currently has a capacity of nearly one million Refrigeration Tonnes (RT), according to its new Annual Statistics brochure. Read the rest of this entry »

3

Borouge’s innovative solutions for sustainable infrastructure applications underpinned at WETEX 2014

April 2014 in News by Publisher

Highlighting its commitment to growth, innovation and sustainability, Borouge, a leading provider of innovative, value creating plastics solutions, showcased its wide range of polyolefin solutions for sustainable infrastructure applications including reliable pipeline systems and durable wires and cables at the 16th Water, Energy, Technology and Environment Exhibition (WETEX) 2014 held under the theme ‘At the Forefront of Sustainability’ at the Dubai International Convention and Exhibition Centre on 14-16 April 2014.  Read the rest of this entry »

3

Bright economic growth prospects for the UAE and Saudi Arabia

April 2014 in News by Publisher

According to the latest Macro report from Crédit Agricole Private Banking

  • Q1 2014 ended with bright economic growth prospects for the UAE and Saudi Arabia
  • Arab countries in the Middle East are in the mode of two-speed economies again
  • PMI data indicate moderate inflationary pressures for the UAE and Saudi Arabi Read the rest of this entry »
3

Emaar unveils new collection of Mira Oasis townhouses in Reem following strong investor demand

April 2014 in News by Publisher
  • Reem offers a choice of exotic outdoor activities to Mira Oasis residents
  • Features include a desert botanical park, sand surfing and go karting track
  • Three and four-bedroom Mira Oasis townhouses to be launched in Dubai, Abu Dhabi, and Karachi
  • Online registration to commence on April 16, 2014 at www.emaar.com; sales start on April 19

Emaar Properties has unveiled a new collection of Mira Oasis townhomes in Reem, an integrated lifestyle development offering an unmatched choice of exotic outdoor leisure activities. The new launch follows the strong investor demand to the earlier launches of Mira Oasis residences. Read the rest of this entry »