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REAL ESTATE

EFS Facilities Services Secures Managing Agent Contract with Tatweer Buildings Company (TBC)

March 24, 2019

EFS Facilities Services Secures Managing Agent Contract with Tatweer Buildings Company (TBC)

EFS Facilities Services has been awarded the contract as the Managing Agent for facilities management services with Tatweer Buildings Company (TBC) for 2714 schools across the Western Region in Saudi Arabia, Jeddah, Mekkah and Medinah for a period of three years.

This project win solidifies EFS’s position as a managing agent"... Continue Reading

nendo designs stair-like interior for arabica coffee branch in kuwait

March 21, 2019

nendo designs stair-like interior for arabica coffee branch in kuwait

located in the eastern coast of Kuwait, the new branch of arabica coffee designed by nendo comprises a crisp white interior, finished with brass and concrete elements that symbolize the quality of the brand’s high-end products. the 190 sqm space is built as a layered platform that gradually rises from the seating area near the entrance to the counter at the top, offering a clear view from the exterior"... Continue Reading

Dubai’s Construction Giant Reign Holdings Scoops Major Real Estate Award

March 20, 2019

Dubai’s Construction Giant Reign Holdings Scoops Major Real Estate Award

(AETOS Wire) -- Reign Holdings Group Chairman Samir Salya is celebrating after the global firm scooped a major international business award.

His multi-billion-pound construction company has been named as one of the Top Real Estate Companies in the Middle East by Forbes Magazine.

Mr."... Continue Reading

Northern zone to redress economic structural imbalances: Silk City chief

March 19, 2019

Northern zone to redress economic structural imbalances: Silk City chief

KUWAIT: One of the main objectives of New Kuwait Vision 2035 and its most important project of the northern economic zone was redressing the structural imbalances of the national economy, CEO of the Silk City and Boubyan Island Development Council Faisal Al-Medlej has stated. The ambitious mega project would turn the northern area into a regional commercial hub benefiting from its distinctive geographical"... Continue Reading

Bid to complete real estate market regulation, eliminate manipulations

March 18, 2019

Bid to complete real estate market regulation, eliminate manipulations

KUWAIT CITY, March 17: The Minister of State for Commerce and Industry, Khalid Al-Roudhan, has issued a decree establishing the Real Estate Broker’s book (log/register) electronically in an effort to complete the regulation of the real estate market and eliminate the manipulations that occur in the market, reports Al-Rai daily.

The"... Continue Reading

BAI Announces Its 2019 Global Innovation Awards are Open for Submissions

March 15, 2019

BAI Announces Its 2019 Global Innovation Awards are Open for Submissions

(AETOS Wire)-- BAI, a nonprofit independent organization that delivers the financial services industry’s most actionable insights, announced today the BAI Global Innovation Awards are now open for submissions. Nominations will be accepted through Friday, April 26, 2019. Winners and finalists will be announced this summer. Each year, hundreds of financial institutions from around the world submit nominations to achieve recognition from the BAI Global Innovation Awards. The program is a year-round community and content platform that recognizes the industry’s most innovative products, services, business processes and organizations worldwide. Now in its ninth year, past winners include Fifth Third Bank, USAA, CaxiaBank, Emirates NBD, Ping An Technology, Nusenda Credit Union and more. The nomination form is available at BAIGlobalInnovations.com....... Continue Reading

Kuwait Cement Company begins marketing of Oil Well Cement

March 14, 2019

Kuwait Cement Company begins marketing of Oil Well Cement

KUWAIT: Kuwait Cement Company (“KCC”) has announced the commencement of marketing of the Oil Well Cement, and supplying its first delivery on 13/03/2019 to National Petroleum Services Company (NAPESCO). KCC started production of Oil Well Cement locally in its plant located in the eastern Shuaiba industrial area after the company obtained the API Monogram issued by the American Petroleum Institute"... Continue Reading

NREC reports a net profit of KD 10.8m for 2018

March 13, 2019

NREC reports a net profit of KD 10.8m for 2018

KUWAIT: National Real Estate Company (NREC), which is presently developing properties valued at over USD 2 billion in the Middle East and North Africa region, today announced its financial and operational earnings for the year ending December 31, 2018, recording an operating revenue of KD 21.6 million, and an EBITDA of KD 25 million, up 22 percent from the previous year.

The"... Continue Reading

Sheikh Jaber Bridge prepped to be open to the public

March 13, 2019

Sheikh Jaber Bridge prepped to be open to the public

The Director of the Sheikh Jaber Al-Ahmad Bridge Project Engineer Mai Al-Mis’id said the bridge will soon be opened for vehicular traffic.

She told the daily word is being awaited from the concerned authorities with regards to the opening of the bridge but expected it to happen between end of March or early April.

... Continue Reading

Emaar keen to tap blockchain technology potential

March 12, 2019

Emaar keen to tap blockchain technology potential

UAE developer Emaar Group is marking an industry-first by leveraging the significant potential of blockchain technology with plans to offer the Emaar community token for customers and partners by the end of this year.

This highlights Emaar’s intense focus on innovation and providing the most complete experience to drive customer service, loyalty and referral across its businesses, thereby"... Continue Reading

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