DUBAI / WAM Dubai South Properties announced the appointment of Ginco General Contracting for a significant contract valued at AED 1 billion for the development of the initial phases of South Bay, the master development located in the heart of The Residential District within Dubai South alongside the Expo Road. The project is scheduled for completion by Q1 2026 and ...

SHARJAH / WAM Sharjah Electricity, Water and Gas Authority (Sewa) has concluded the extension project of a crucial main pipeline with a diametre of 800mm, aimed at transporting water from Al Zubair Station to Al Shanouf Suburb. This significant endeavour, initiated in mid-July 2022, utilised environmentally friendly materials to ensure water quality, while effectively catering to the growing demand for ...

BLOOMBERG Wall Street has been caught by surprise by a rally in local emerging-market debt, an asset class that’s been largely abandoned by foreign investors after a decade of underperformance. Domestic-currency bonds are this year’s developing-world winners, handing money managers far stronger returns than hard-currency debt or equities, according to data compiled by Bloomberg. BlackRock Inc has started calling local ...