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Citigate inks pact with Stellar Diamonds

  Dubai / Emirates Business Dubai-based commodities trading company Citigate Commodities Trading Limited announced the signing of head of terms with Stellar Diamonds plc (AIM: STEL), the London Stock Exchange listed diamond development company focused on West Africa. The agreements include a Baoulé kimberlite mining project in Guinea that has a resource estimation of approximately 3 million carats and two ...

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Jumeirah Golf Estates gets double win at realty awards

  Dubai / Emirates Business Dubai’s Jumeirah Golf Estates, host of the DP World Tour Championship, has taken home two major awards at Indian-based real estate awards ceremony — the World’s Best Realty Brand Awards 2016 Asia, as India is revealed as Dubai’s largest real estate investor group outside of the Arab world. Jumeirah Golf Estates’ high-end collection of villas ...

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Egypt’s solar power upset clouds outlook for investors

  Reuters When Egypt announced plans to develop renewable power in 2014, investors piled in, drawn by year-round sunshine and chronic electricity shortages. Two years on, many projects have stalled, hitting confidence among foreign investors Egypt sorely needs. Developers who prequalified for solar and wind projects under attractive feed-in-tariff (FiT) schemes say they face delays and currency risks while wrangling ...

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