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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

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          Oman inks pack to bolster role of SMEs in food systems

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

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            Iraq set to award new Faw Port deals

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            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

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            Local, Italian companies partner up to establish food retail chain in Egypt

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            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

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            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

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                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Lebanon’s Solidere to spend $200 million on projects

              Bloomberg

              February 25, 2013
              in Infrastructure, Real Estate
              0

              Solidere (SOLA), Lebanon’s largest property developer, expects to spend as much as $200 million on real estate projects in the country this year even as conflicts in the region threaten to slow building works.

              “There is a high probability we might slow down projects if things worsened politically,” said Mounir Douaidy, general manager of Solidere SAL, the country’s biggest publicly traded company. Spending this year will be at least $150 million, he said.

              Solidere, set up to rebuild parts of central Beirut destroyed in the 15-year civil war that ended in 1990, will complete a cinema and an entertainment complex in the capital this year and may spend as much as $80 million building a retail project as part of the Souks of Beirut, he said. The company holds 39 percent of Solidere International, which plans to build projects in Saudi Arabia and the United Arab Emirates.

              The conflict in Syria is hurting demand for properties in Lebanon, prompting Solidere to postpone new projects including an office block, Douaidy said. The developer plans to fund ongoing work from its own revenue without raising money, he said. The company has $730 million in cash and receivables and annual recurring revenue of about $50 million, he added.

              Two to three residential projects are planned next year on plots sold by the company, Douaidy said.
              Solidere International has revived a stalled development in Ajman, one of the seven sheikhdoms making up the United Arab Emirates, and is expanding into Saudi Arabia, Douaidy said.

              The Al-Zorah project in Ajman has been reduced to about 40 percent of its original size and will be solely a resort instead of the original plan to include homes and offices, he said. Al- Zorah was planned on 12 square kilometers (4.63 square miles) and was expected to cost $60 billion, Douaidy said.

              The company started building a residential tower in Jeddah and will develop a housing compound in Saudi Arabia.
              “Saudi Arabia is a very good market and there is demand,” Douaidy said. “The laws are being adapted and there are prospects for real estate development there.”

              Solidere has fallen 10.7 percent on the Beirut stock exchange in the last 12 months. The country’s benchmark BLOM Stock Index is little changed over that period.
              Bloomberg
              25 February

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