REAL ESTATE

Sabah Rotana Receives Preliminary Approval by the DTCM for Construction of a 5-Star Touristic Hotel/Hotel ApartmentsJanuary 14, 2018

Sabah Rotana has been granted approval to begin its construction of a hotel establishment under category rating of 5-star and Tourism property by the Department of Tourism and Commerce Marketing (DTCM). Sabah Rotana, a premium property, is a collaboration between accomplished property developers, RSG Properties and Rotana, one of the leading hotel management companies in the region with hotels across the Middle East, Africa and Turkey. The establishment will bring together the two leading names of their fields and promises"...

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Ajman Holding appoints China State Construction Engineering Corporation Middle East as the official contractor of MIRKAAZJanuary 9, 2018

  • More than 10 million visitors are expected in year one for MIRKAAZ
  • Valued at AED 500 million the construction of the mall will start in January 2018 and be completed in last quarter of 2019

Ajman Holding signed an agreement with China State Construction Engineering Corporation (CSCEC) Middle East L.L.C to develop and construct Mirkaaz, the recently launched shopping destination in Ajman, which is expected to have more than 10 million visitors in year one. In the presence of HH Sheikh Abdulaziz"...

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Realigned Business Models Set to Support Companies in a Challenging KSA Automotive Parts AftermarketJanuary 9, 2018

The Kingdom of Saudi Arabia’s (KSA) automotive parts aftermarket is undergoing significant changes that are pushing companies to realign their business models with new conditions. Declining demand for new cars, growing competition, and change in brand preferences are opening up fresh business opportunities for parts suppliers, distributors, and retailers.

Frost & Sullivan’s industry docket,"...

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Aamal Company announces three major new industrial projects through Senyar Industries Qatar HoldingJanuary 9, 2018

Aamal Company Q.P.S.C. (“Aamal”), one of the region’s fastest growing diversified companies, today announces that via Senyar Industries Qatar Holding W.L.L., one of Qatar’s leading industrial groups in which Aamal is a 50% shareholder, it will further diversify through the development of three major new industrial projects: a copper production facility; an aluminum production facility; and a drum production facility.

Senyar"...

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Real estate trading amounts to JOD6.062bln in 2017 January 8, 2018

Real estate trading in 2017 amounted to JD6.062 billion, down by 14 percent when compared with the JOD7.057 billion recorded in 2016, according to official data.

The figures by the Department of Land and Survey (DLS) revealed that Amman accounted for the largest chunk of real estate trading in the Kingdom in 2017 at 71 percent or JOD4.289 billion of the total.

Additionally, the DLS's revenues dropped by 7 percent to JOD310 million compared with JOD333 million in 2016, the data showed. Iraqi"...

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Dynamics Inc., Global Banks, Payments Networks, and Telecommunications Carriers Unveil Wallet Card™ January 8, 2018

(AETOS Wire) -- Dynamics Inc., in conjunction with international banks, card issuers, payment networks, and telecommunication operators today unveiled Wallet Card™ -- the world’s first connected, secure payment card. The Consumer Technology Association (CTA) also recognized the Wallet Card and the Wallet Card Consortium members with four CES Innovation awards including the Best of Innovation Award for Security Technologies. It was an honoree for Computers, Embedded Technologies,"...

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Synapse Biomedical Inc. Receives CE Approval for TransAeris, the First Medical Device Approved for the Treatment of Ventilator Induced Diaphragm Dysfunction (VIDD)January 8, 2018

(AETOS Wire) -- Synapse Biomedical (www.synapsebiomedical.com), an innovator in neurostimulation and manufacturer of the NeuRx Diaphragm Pacing System®, announced today, the CE Mark approval for the TransAeris™ System. TransAeris is a temporary diaphragm stimulator, for use in intensive care unit (ICU) patients on mechanical ventilation (MV). While MV provides life sustaining respiration, side effects of prolonged MV include diaphragm atrophy and dysfunction, which is referred to as ventilator-induced diaphragm dysfunction (VIDD). A primary contributor to extending ICU ventilator weaning times, VIDD increases health care costs and greatly increases patient morbidity and mortality. Building on more than 25 years of diaphragm pacing research and practical experience with their respiratory assist device for Spinal Cord Injury & Lou Gehrig’s Disease SCI & ALS, Synapse......

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PETROBRAS INVESTOR ALERT: $3B Settlement Covers Only US Securities. Majority of International Investors and Losses Not CoveredJanuary 8, 2018

(AETOS Wire) -- Stichting Petrobras Compensation Foundation (SPCF or Foundation).

On January 3, 2018, Petrobras announced that in connection with the losses investors suffered from the “Lava Jato” bribery scandal, it had agreed to a USD 2.95 Billion settlement with investors who purchased American Depository Shares (ADS) and bonds in the US. The US settlement is a commendable and positive development,"...

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Above Ground Construction for Burj Sabah CommencesJanuary 3, 2018

The latest property project by RSG Properties, Burj Sabah, has commenced construction off the ground. The premier residential building is located at the plush Jumeirah Village Circle (JVC) and combines aspects of both traditional and modern aesthetics in its architecture. The 19 stories building is equipped with all the major facilities and will redefine premium suburban living. Burj Sabah is as green and smart as it is comfortable. Pre-certified as a Green Building, it has incorporated"...

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Caparol’s External Thermal Insulation and Finish System Gets DCD ApprovalDecember 24, 2017

Caparol Paints, a global leader in the paints industry, has received the approval from Dubai Civil Defence (DCD) to start implementing the Exterior Thermal Insulation and Finish system (EIFS) / External Thermal Insulation Composite System (ETICS). The technology called Capatect ETICS system has received certification as a result of Caparol’s compliance with the new UAE Fire Code.

Caparol offers"...

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