The board of Drake & Scull International received approval of shareholders to sell some of the assets of the Dubai-listed contractor as it tries to narrow losses amid an ongoing restructure.

“It was resolved by the majority of shareholders to grant the board to liquidate, sell or close of the branches of the company or subsidiaries according to the restructuring plan,” DSI said in a statement to the Dubai Financial Market, where"...

Landmark Group will open its first Oasis Mall in Sharjah later this month.

The retail and hospitality conglomerate said the mall, located on Al Wahda Street, will have over 45 retail stores - including Carrefour, Home Centre, Emax, Max and Fun City - spread over a total area of over 650,000 square feet across three floors.

The retail hub will also include a 10-screen cinema"...

The new 133-key Hilton Garden Inn Al Jubail has opened in Saudi Arabia’s commercial centre in Jubail, Dammam. It joins three existing Hilton Garden Inn properties in Saudi Arabia.

Helmed by Dewan Architects + Engineers as the Lead Consultant and designer of the project, the hotel building serves as a contemporary hospitality haven in the heart off Al Jubail, the industrial hub if Saudi Arabia. The hotel’s modern form is a new visual"...

This year has witnessed a number of significant real estate transactions in the GCC with the latest Dh289 million ($79 million) sale of Al Murjan, a residential tower in Abu Dhabi, showcasing renewed investor interest for high quality assets, according to leading real estate firm JLL.

Al Murjan tower is a 23-storey mixed-use development with residential apartments, retail facilities, and office space.

The development sits within a high-end master-planned development at Danet in tthe UAE capital with"...

EFS Facilities Services has been awarded the contract as the Managing Agent for facilities management services with Tatweer Buildings Company (TBC) for 2714 schools across the Western Region in Saudi Arabia, Jeddah, Mekkah and Medinah for a period of three years.

This project win solidifies EFS’s position as a managing agent by providing subject matter expertise and aligning to industry best practices, streamlining service delivery, and continuous"...