Author: Paromita Dey

Danube Properties has launched a new AED 400mn ($109mn) residential project located at Dubai’s Arjan neighborhood close to Miracle Garden. Dubbed ‘Miraclz’, the building is a ground plus 35 floor property with 395 studios, 132 one bedroom and 64 two bedroom apartments, where each home is fully furnished and equipped with modular furniture. The new residential complex will include retail, a swimming pool with city views, a fully-equipped health and other sports facilities. Danube is continuing with its one percent payment plan, allowing customers to pay as low as AED 4,500 per month. Miraclz is the seventh project launched by…

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It’s being called the shipping industry’s Lehman Brothers moment and has sent shock waves across the manufacturing and shipping industries. Logistics News ME examines the facts around the bankruptcy of Hanjin Shipping Co.

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Dubai Electricity and Water Authority (DEWA) has received huge interested from companies interested in developing the next phase of the Mohammed Bin Rashid Al Maktoum Solar Park. A total of 30 Expressions of Interest (EOI) arrived ahead of the 27 October deadline for its planned 200 megawatt (MW) project, the utility said in a statement. This will be the fourth phase of the solar park, which will be the largest single-site strategic solar energy project of its kind in the world, based on the Independent Power Producer (IPP) model. DEWA commissioned the 13MW first phase in 2013 while the 200MW…

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