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Bloom Properties awards 5 contracts worth AED1bn

Abu Dhabi / Emirates Business Bloom Properties, a Bloom Holding business specializing in the development of integrated and sustainable communities, announced that it has awarded five construction contracts worth over AED1 billion since the beginning of 2017. Bloom Properties selected leading construction companies to execute its projects. The developer appointed General Construction Company for the main construction works of Stella ...

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DEWA, Dubai Post ink strategic pact on ‘special visual content’

Dubai / WAM Dubai Electricity and Water Authority (DEWA) signed a strategic partnership agreement with the Dubai Post digital platform. Dubai Post will set up and implement special visual content that reflects DEWA’s efforts in supporting its employees and helping them advance in various jobs, providing them with the appropriate environment to achieve the future objectives of DEWA and its ...

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Dubai to raise $500 million to fund metro extension

DUBAI / Reuters The government of Dubai is expected to raise the money needed to extend the city’s metro with an initial loan of roughly $500 million that will later be followed by loans guaranteed by export credit agencies (ECAs), banking sources familiar with the matter said on Monday. The department of finance will approach banks over the next couple ...

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