DUBAI / WAM A joint venture between Dubai master developer Nakheel and leading Spanish hospitality group RIU Hotels and Resorts has moved a step closer with the release of a construction tender for an 800-room, beachfront resort and water park at Deira Islands. With an investment value of AED670 million, the resort – RIU’s first in the Middle East …

  ABU DHABI / Emirates Business Etihad Rail, the developer and operator of the UAE’s multi-billion dollar national rail network, announced the signing of MoU with Al Safa Transport, a trucking and transportation services provider with operations across the Middle East. Signed by CEO of Etihad Rail, Eng. Faris Saif Al Mazrouei and Managing Director of Al Safa Transport, Nabeel …

  DUBAI / WAM The National Central Cooling Company, Tabreed released its 2017 first quarter financial results. Tabreed’s performance benefited from the new connections made last year, in addition to over 20,000 refrigerated tonnes, RT, added during Q1 2017. These new connections, combined with Tabreed’s existing presence in the GCC, resulted in net profit increasing by 19 percent to AED75.4 …