Housing Bank in Lebanon lowers rates: real estate market expected to get a boost
Banque de l’Habitat, a housing loans specialist, has announced it has lowered its interest rates from five to three percent....
Construction
Mega projects worth $208 billion planned for MENA this year
A pipeline of about $208 billion of major contracts is scheduled to be awarded across the Middle East and North...
Iran and Italy in talks on financing 4 billion euros rail projects
Iranian Railroad Company’s Director General for International Affairs Abbas Nazari said Tehran and Rome are in negotiations over Italy’s investment...
$457 million to expand Egypt’s Sharm El Sheikh airport
Egyptian Airports Company (EAC) plans to issue a tender for the expansion of Sharm El-Sheikh International airport. EAC plans to...
Lebanon to build the highest resort in the Middle East at a cost of $500 million
A mixed-use touristic project called Al Kumma is being planned in Kornet Sawda in the North, at a 2,400-meter altitude....
Hanwha E&C receives backlog of $560 million for the $10.1 billion Bismayah city project in Iraq
Hanwha Engineering & Construction (E&C) was finally paid a $560m construction fee by Iraq’s government last week. The payment was...
Qatar Rail sets ambitious 2017 Doha Metro goals
As the New Year gets underway, Qatar Rail has outlined its ambitious goals for the Doha Metro project. Qatar Rail...
Egypt’s construction sector most prosperous in MENA
The MENA construction sector is surprisingly diverse in terms of exposure, profitability, and metrics, making it difficult to draw broad...
$35 million touristic village planned in Lebanon’s Metn area
A touristic village is being planned in the Lamartine Valley, Metn, by Metra Decoration, a Dubai-based contracting company owned by...
Middle East residential water treatment devices market expanding at a CAGR of 6.8%
Future Market Insights (FMI) recently announced the release of its report titled "Residential Water Treatment Devices: Middle East Industry Analysis...
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