Saturday 21 October 2017

Daikin boosts UAE dealership network

Daikin, a global Japanese HVAC (heating, ventilation and air-conditioning) leader Daikin, has strengthened its dealership network with the opening of two new dealer shops in the UAE recently. A key manufacturer and developer of full range of air-conditioning products and systems,


Investcorp acquires Kee Safety for $370m

Investcorp, a leading provider and manager of alternative global investment products, today announced that it has agreed to acquire Kee Safety, a global supplier of safety solutions and products designed to protect people from hazards, from Dunedin and LDC for an enterprise value of £28


Masdar JV wins $354m funding for Serbian wind farm

Abu Dhabi’s renewable energy company Masdar said it has signed an agreement with Čibuk Wind Holding for funding the largest utility-scale commercial wind project in Serbia and the Western Balkans. Covering an area of 37 sq km, Čibuk 1 will be built around 50 km outside Belg


Oryx Rotana completes Doha hotel revamp

Oryx Rotana, the five-star luxury business hotel in Doha, said it has completed all the renovation works linked to its “Al Nafourah Garden” project. Following the completion of the renovation work, Al Nafourah Garden has got a new design, a brand new kitchen, elegant decor


Deyaar's revenues surges 96pc in Q3

Deyaar Development, a leading property developer in the UAE, said its revenue for the third quarter in 2017 surged 96 per cent to Dh512 million ($139 million) over Dh261 million for the same period last year. The increase is mainly due to the robust sales and acceleration of prog


EMC opens Merc-Benz truck testing facility in Abu Dhabi

Emirates Motor Company’s (EMC) has officially inaugurated a dedicated testing facility for Mercedes-Benz heavy-duty trucks in Abu Dhabi that will evaluate the performance with heavier loads and hotter ambient conditions than any other facility. EMC is the authorised Mercede


BMTC unveils intelligent lighting solutions

UAE-based Bahri & Mazroei Trading Company (BMTC) is showcasing its extensive suite of intelligent and sustainable lighting solutions at the Light Middle East 2017 expo which opened today (October 17) in Dubai. A leading provider of electrical, lighting and water solutions in


Kuwait's Warba Bank in deal to buy US office tower

Bentall Kennedy, one of the largest global real estate investment advisors, has joined forces with Kuwait-based Warba Bank to acquire a seven-storey single tenant office building in Colorado, US. The 223,000-sq-ft building, located in Englewood adjacent to the Dry Creek Light Rai


ENBD REIT completes $105m funds deployment

ENBD REIT, a Shari’a-compliant real estate investment trust based in the UAE, has announced that it has successfully completed the deployment of the $105 million in cash raised at the listing in March this year. A trust managed by Emirates NBD Asset Management, ENBD REIT sa


Emirates Islamic inks wasl home finance deal

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, said it has tied up with wasl Asset Management Group to offer attractive home finance facilities for its park-side freehold master development in the heart of Dubai.   As per the deal, customers c

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