Supply of high-rise luxury residential units up in KSA
Investor and tenant demand is driving development of modern luxury high-rise developments in Jeddah, Riyadh and...
Alcatel-Lucent CEO steps down ahead of Nokia deal
A new leadership structure has been implemented at Alcatel-Lucent ahead of the firm’s merger with Nokia...
Food market could exceed $1tr in MENA by 2030
The World Bank estimates the MENA region’s food industry could be worth $1tr by 2030, with...
Dubai affordable housing stock increasing
Natural market adjustments are leading to a surge in “affordable” housing in Dubai, according to data...
Airbnb “squarely aimed at competing with hotel rooms”
Airbnb is directly competing with hotel stock in New York City, offering short term rentals for...
ALEC to construct school within Akoya
UAE contractor ALEC, has won the contract for The New Jebel Ali School located inside Akoya...
PAYFORT launches “game changing” E-commerce payment system
Online payment gateway, PAYFORT, has introduced an installments service for clients in the UAE, Saudi Arabia...
Tasneef and Irshad sign agreement for maritime compliance
Tasneef and Irshad have signed a one year contract to survey and classify 31 of offshore...
Starwood debuts Four Points in Turkey
Starwood Hotels and Resorts has added its seventh brand to its Turkish portfolio, with the opening...
“Poor FM planning increases developer costs”
Managing director of Omniyat Mark Pheonix in an interview with Construction Business News Middle East said...
Emaar records H1 net profit of $600m
Emaar Properties PJSC has posted H1 2015 net profit of $600m, up 12% YoY, with revenues...
Revealed: Sony Mobile’s Xperia C5 Ultra Dual and Xperia M5 Dual
Sony Mobile has unveiled its two new smartphones with near professional camera quality, advanced selfie capabilities...
Aramex seeks acquisitions after Q2 profit boost
Dubai-based courier Aramex has stated intentions for multiple acquisitions in the second half of 2015, following...
Rolls-Royce appoints Alan Davis as non-executive director
Rio Tinto chief executive Alan Davis has been appointed non-executive director of the board of Rolls-Royce...
Family tourism to boost hotel revenue
Research released by , SweetBeam, has suggested that luxury hotel stock in Dubai could experience a...
Saudi royal-backed “Uber jet” raises $20m investments
A startup billed as “Uber for private jets” has reportedly raised $20m in investments from members...
Drake and Scull secures AED1.57bn in project awards YtD
Drake & Scull International PJSC (DSI) has announced its total projects year to date are valued...
Qatar Jordan post double digit performance declines
Hotels across the Middle East and Africa reported declines in occupancy, ADR and revenue per available...
DXB passenger traffic hits 5.9m in June 2015
Dubai Airports has announced that passenger traffic during June 2015 was 16.7% higher than June 2014,...
Batelco deploys point-of-presence in datame
datamena, the carrier neutral data centre and connectivity platform based in the UAE and serving the...
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