Doha / Emirates Business Tightening its grip on engineering consultancies, the government has cancelled the licences of at least nine errant firms and detected 87 violations this year. The punished firms include A grade consultancies. There are still some consultancies with engineers not registered with authorities. A committee at the Ministry of Municipality and Environment licenses engineers and engineering consultancies. ...

Dubai / Emirates Business HMG Properties Group, one of the fastest growing real estate companies in the GCC, has announced that it has carried out a massive restructuring of its leadership team, to better focus on its core activities and increase profitability for the company. HMG Properties, which develops and sells luxury residential and commercial properties across the GCC, Egypt, ...

BEIJING / Bloomberg China Everbright Holdings Co. and a unit agreed to buy a commercial building in Hong Kong for HK$10 billion ($1.3 billion), adding to the number of Chinese companies mopping up real estate in the world’s most expensive office market. They are buying Dah Sing Financial Centre, a top-tier office building in the Wan Chai district, which will ...