Author: Paromita Dey

Emaar’s new Dubai Creek Harbour development will have a stunning $1bn centrepiece. But with only 20 usable floors, how will it make money? Jason O’Connell writes. It will rise “a notch” taller than the Burj Khalifa and is being developed by the same company, but that’s where comparisons end between the world’s tallest building and Emaar Properties’ new concept for a centrepiece at its Dubai Creek Harbour master development. The Santiago Calatrava Valls-conceived tower is a different animal entirely, more monument than skyscraper, more Eiffel Tower than Empire State building. The Burj Khalifa contains 154 usable floors covering close to…

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RAK Ceramics delivered a 10.8 percent increase in first quarter net profit to AED 65.9mn ($18mn) despite heightened levels of uncertainty in global markets, and a relatively unchanged overall revenue of AED 735.7mn compared to AED 744.1mn for the first quarter of 2015. Growth was led by a 3.3% increase in the sale of tiles to AED 496mn and a 0.5% increase in sanitaryware sales to AED 111.5mn supported by restructuring efforts in ‘core markets” and the continued improvement of ‘non crore businesses’. Overall core revenue increased by 2.9% to AED 644.7mn, while non-core revenue reduced to AED 91mn in…

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A joint venture led by Hill International has won a QAR 151.6mn ($41.6mn), four-year contract from Qatar Railways Company to provide project management consultancy services in connection with the Lusail Light Rail Transit (LLRT) system near Doha, Qatar. Hill is a 50% partner in the joint venture with Italferr S.p.A. and ASTAD Engineering Consultancy and Project Management Company. Lusail City, just north of Doha, is a waterfront development currently under construction that will have residential and commercial developments, including schools, medical facilities, shopping centers, and more. The LLRT network will serve the residents of the city by providing an environmentally-friendly mode of transportation that will not…

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