Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah has signed a contract for the construction of the Dibba Sports Club Stadium. The agreement with the Fuj Singh International Company to build the sports facility at a cost of about AED100 million ($27 million) was inked as...
Brooge Petroleum & Gas Investment Co. plans to list on the Nasdaq this year after agreeing to a reverse merger with Twelve Seas Investment Co. in a deal valued at about $1 billion. United Arab Emirates-based Brooge operates an oil storage and services business. Twelve Seas is a so-called blank...
Emirates Airline has announced that it completed the reconfiguration of its last Boeing 777-200LR aircraft following a $150 million investment. The Dubai-based airline said it is converting the 10 Boeing 777-200LR aircraft from three to two class cabins featuring wider business class seats in a 2-2-2 format and a fully...
Sheikh Dr Sultan bin Mohamed Al Qasimi, Ruler of Sharjah, has inaugurated the new Khorfakkan highway, which extends 89km and has an estimated cost of AED6 billion. The new highway is the latest addition to the roads network of Sharjah and the UAE, linking the arterial Emirates Road (E611) in...
ZonesCorp, which oversees 50 sq km of developed areas in Abu Dhabi City and Al Ain, is set to announce two new investment projects. Covering a total area of two million sq m, the new projects will support an extensive range of industrial and commercial activities, it said in a...
UAE-based oil and gas logistics firm Tristar Group has signed firm contracts for six new build oil and chemical tankers with South Korean shipbuilder Hyundai Mipo Dockyard. The vessels will be delivered between the middle of May 2020 and the first week of January 2021. The vessels have been ordered on...
New real estate project launches have picked up again in 2019 despite concerns about oversupply in the UAE, according to new research. Asteco's Q1 2019 - UAE Real Estate Report said that despite prevailing soft market conditions, new project launches, particularly from top-tier developers, have picked up again, after slowing...
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