Engineering

Cheil takes over experiential duties for du

Hala Badri, Executive Vice President – Brand and Communication du said; “Throughout the pitch process, we sought an agency that could adopt a multi-channel approach to live events and develop creative concepts, that will drive customer engagement and encourage our customers to participate in the evolution of our company, products and solutions. Cheil not only delivered technology inspired ideas,...

Etex outsources engineering design operations to Etteplan

- Etteplan´s engineering design operations are strengthened as partners focus on their core business.Etex, a provider of automation components and maintenance, repair and overhaul services, is outsourcing its engineering operations to Etteplan. Etex is based in Lappeenranta, Finland. In practice this means that three Etex employees will become Etteplan’s employees in the beginning of May. As a...

Al Jaber Group signs debt restructuring agreements

Al Jaber Group and the lending banks have completed the signing of all the documents of the debt restructuring, thereby, concluding the negotiations for the deal. Al Jaber Group Chairman, H.E. Obaid Khaleefa Al Jaber Al Marri said, “I am pleased to announce that Al Jaber Group signed the debt restructuring agreement with its creditors. This is a great milestone for both the Group and the banks,...

Residential sector leads continued growth of Riyadh and Jeddah markets

JLL, the world’s leading real estate investment and advisory firm, today has released its first quarter (Q1 2014) Riyadh and Jeddah Real Estate Overview reports that assess the latest trends in the office, residential, retail and hotel sectors of the market in Saudi Arabia’s two largest cities. Commenting on the reports, Mr Jamil Ghaznawi, National Director and Country Head of KSA Offices of...

Fortum Hydro outsources documentation management to Etteplan

- After the new agreement Etteplan is responsible for technical and real estate documentation in Fortum Hydro and Fortum Heat. Etteplan has signed a three-year outsourcing agreement with Fortum to manage Fortum Hydro’s technical documentation function in Sweden.The agreement will come into force as of June 1, 2014 and comprises the documentation for the sites in Arbrå, Borlänge, Karlstad and...

EIAST signs MoU with Dubai Municipality to facilitate knowledge sharing & manpower investment

 In line with the common aspirations to position Dubai as a premier Smart City, the Emirates Institution for Advanced Science and Technology (EIAST) has signed a memorandum of understanding (MoU) with Dubai Municipality to facilitate knowledge transfer, sharing of data and practical experiences, and developing human resources in the areas of space science, remote sensing applications, space...

OCS Group expands Middle Eastern operation with launch of UAE business

Description: In partnership with United Technical Services, OCS Emirates will handle total facilities management from headquarters in Abu Dhabi with a supporting office in Dubai Comments: OCS Group, which is the world’s largest family-owned facilities management company, has signed a joint venture with United Technical Services to enter the UAE market and introduce customer-focussed strategic FM...

Aldar sales record fails to lift Abu Dhabi bourse

The Abu Dhabi stock market index ADXGI fell by 0.70 per cent to 4,986.09 points on Sunday, May 18. Aldar Properties, which entered the MSCI emerging market index last week, plummeted 3.22 per cent to AED3.91. Earlier in the day, Aldar revealed that it has sold all units of its new Al Hadeel residential community in Abu Dhabi, on the first day of the off-plan sales launch.  “The sell-out of...

Dubai set to become the crane capital of the world, says Chesterton

UAE. Chesterton, the international property agency established in 1805, stated that the skyline of Dubai is set to change with construction industry expected to gather further momentum in 2014. Construction cranes have dotted the Dubai skyline and are seen to herald the economic growth. With a major build-up of momentum in the real estate activity, cranes have made their presence felt in the...