DP World, one of the world’s largest port operators, said on Sunday it completed a previously announced deal to acquire Canadian terminal Fraser Surrey Docks (FSD) from a Macquarie Group fund.

'DP World is pleased to advise that it has closed the transaction to acquire Fraser Surrey Docks (FSD),' it said in a statement to Nasdaq Dubai.

The Dubai-based ports"...

Leading real estate development company Bloom Holding has announced that a new energy department has been established as a division of its facilities management arm, bfm.

This comes as part of Bloom Holding’s ongoing commitment to innovation and sustainability, said the Emirati developer in its statement.

The new energy department is set to implement an Internet-of-Things (IoT) platform with smart technologies designed to enhance the experience of owners and tenants through the creation of"...

P&T, an international design firm providing clients with innovative, commercially successful and sustainable design solutions since 1868, has announced the launch of its second edition of the P&T Student Competition in the UAE.

Headquartered in Hong Kong, P&T is ranked as one of the largest consultancy companies in the field of architecture and engineering in the world.

The company organises this annual competition as part of its social responsibility to the community by nurturing the"...

Abu Dhabi Ports, the master developer, operator and manager of the emirate’s commercial and community ports, has announced plans to design and construct a new cruise jetty at Sir Bani Yas Cruise Beach, off the coast of Abu Dhabi, said a report.

The Dh100 million ($27.2 million) new jetty project will be completed in Q4 2020, in time for the launch of the 2021 cruise season, said a report in WAM.

The expansion will allow two vessels to dock at any given time and provide up to 5,000 passengers"...

Pakistan’s Lucky Cement has reported that the greenfield expansion to its cement plant in Samawah is expected to reach commercial production in the second quarter of financial year 2020-21.

In a statement, the company said:

“Fabrication and erection work is in full swing and Project timelines are being met.

“Necessary"...

ERBIL, Kurdistan Region - A decision taken by the Kurdistan Regional Government to assume responsibility for the provision of services to private housing developments has worried real estate agents and property investors.

The move has concerned some investors and real estate agents, claiming that it will negatively impact the quality of services.

The KRG assigned relevant authorities in November to implement the decision by June 2020. It also decided in the same month to prevent investors from charging"...