April 18th, 2019 | 0 commentsAbu Dhabi General Services Company (Musanada) on Wednesday announced the completion of the nearly AED 58 million ($15.8 million) Al Aryam Bridge Interchange project in collaboration with the Department of Transport in Abu Dhabi, Emirates news agency (WAM) reported. Situated on Sheikh Khalifa bin Zayed international highway, the project ai...
April 11th, 2019 | 0 commentsArab Contractors’ general assembly has nodded to raise the company’s issued and paid-up capital by EGP 400 million to EGP 6.5 billion from EGP 6.1 billion, the Egyptian housing minister said on Wednesday. The general assembly has also approved the budget scheme for fiscal year 2019/2020 and endorsed FY17/18 financial statements and audits...
April 10th, 2019 | 0 commentsAl Tawfeek Leasing Company - A.T.LEASE (ATLC) announced purchasing a new administrative building at a total value of EGP 82 million on April 8. The building will be located in West Town, Beverly Hills, El Sheikh Zayed city, according to a statement sent to EGX on Tuesday. -Arab Finance
April 8th, 2019 | 0 commentsThe Abu Dhabi City Municipality, in collaboration with Abu Dhabi General Services Company (Musanada), announced the implementation of a raft of projects in Shakhbout City at AED 597 million in investments. The investments involve establishing roads and various infrastructure projects for 354 residential land plots with a combined cost of...
April 3rd, 2019 | 0 commentsThe General Egyptian Warehouses Company announced seeks to generate a net profit worth EGP 100 million for fiscal year (FY) 2019/2020, up 17.6%, compared to EGP 87 million in the FY17/18. The company, which is a subsidiary of the Holding Company for Maritime and Land Transport, targets a total revenue of EGP 385 million in the coming fisc...
April 2nd, 2019 | 0 commentsThe Abu Dhabi Fund for Development (ADFD), a government-funded aid finance institution, on Monday announced that it has invested up to AED 16.5 billion in business deals in developing countries over the past ten years. The fund has provided facilities to 20 UAE-based companies to handle development projects in several countries across the...
March 28th, 2019 | 0 commentsKuwait-based National Cleaning reported a 16.8% year-on-year jump in profits for the fourth quarter of 2018. The company’s profits amounted to KWD 452,000 ($1.49 million) in Q4-18, up from KWD 387,000 ($1.28 million) during Q4-17, according to a statement to Boursa Kuwait. From January to December 2018, National Cleaning’s profit levelled...
March 26th, 2019 | 0 commentsEye of the World, a UAE-based company, announced that it would execute a healthcare project in the New Admin Capital (NAC) in Egypt, according to a recent press release. In collaboration with the Egypt-based Hendaza Real Estate, Eye of the World will execute the comprehensive medical project with investments worth EGP 500 million. The UAE...
March 25th, 2019 | 0 commentsSaudi Arabia is on the brink of a $64 billion entertainment revolution, a leisure business chief said on Sunday. Projects in the pipeline will cater for more than 50 million visitors, create over 22,000 jobs and contribute over $2 billion to GDP by 2030, said Bill Ernest, chief executive of the Saudi Entertainment Ventures Co. (SEVEN). Er...
March 24th, 2019 | 0 commentsSaudi Arabia has announced that work is progressing well on the first city being built as part of its $500-billion ambitious project Neom in the northwestern part of the kingdom, said a report. In September last year, Neom project began environmental, geological, and archaeological surveys to ensure that the execution of any future constr...
