Dubai's 200MW solar farm reaches financial close

The 200MW second phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai has achieved financial close. The emirate’s electricity and water authority, DEWA, confirmed the landmark on Sunday..... Read more »

Posted on : 7/20/2015

Ramadan slowdown for Dubai hotels as occupancy and room rates decline

Occupancy and room rates at hotels in Dubai declined last month because of slower demand during Ramadan and an increase in room supply. The occupancy rate fell 15.4 per cent from the year-earlier period to 63 per cent, pushing the average daily room rate down by 8.6 per cent to Dh592.69, according to STR Global. Revenue per available room, a measure of a hotel’s profitability, fell 22.7 per cent to Dh373.53..... Read more »

Posted on : 7/19/2015

Saudi to set up first temporary hybrid plant

<p>Building Energy, an Italian independent power producer from renewable sources, is set to team up with leading rental power provider in the Middle East and Africa (MEA) region SES Smart Energy Solutions, to develop the first on-field temporary hybrid plant in Saudi Arabia, according to a report.</p>.... Read more »

Posted on : 7/18/2015

MAN to deliver 8 compressor trains to PDO

<p>MAN Diesel &amp; Turbo (MDT) is set to deliver eight compressor trains to the state oil company Petroleum Development of Oman (PDO).</p>.... Read more »

Posted on : 7/18/2015

Dubai sees big shift from luxury to mid-range hotels

Dubai is seeing a significant shift away from luxury hotels to mid-range properties with almost 50 percent of new rooms to open this year having a three-star or lower rating, a new report has revealed. The study published by Jones Lang LaSalle (JLL) for The Hotel Show Dubai 2015 shows that 44 percent of the 3,600 new hotel rooms to enter the Dubai market in the final months of 2015 are mid-market..... Read more »

Posted on : 7/17/2015

Hyundai Sonata named best midsized car

<p>Korean automaker Hyundai’s all-new Sonata has been named as the best midsized car by AutoPacific, a US-based future-oriented automotive marketing and product-consulting firm.</p>.... Read more »

Posted on : 7/17/2015

McLaren 675LT launches in Kuwait

<p>McLaren Automotive has launched the most powerful and lightest model in its Super Series for car enthusiasts in Kuwait.</p>.... Read more »

Posted on : 7/17/2015

Emirates A380 touches down in Doha for first time

<p>DOHA: The Emirates Airline was received by Hamad International Airport today as the airline bought its popular A380 aircraft for a one-off service. This is the first ever scheduled service of an Emirates A380 to Qatar.</p>.... Read more »

Posted on : 7/17/2015

Dubai Porsche dealership concedes East ready to overtake

Dubai has been home to the world’s best-selling Porsche dealership for a decade, but it’s time on top of the podium might be coming to an end. That’s because Porsche dealers in China are powering through the field, according to the CEO of Dubai’s Porsche dealership..... Read more »

Posted on : 7/16/2015

Saudi floods market with diesel; price war seen

<p>The world's top crude oil exporter Saudi Arabia has turned itself into a major power of refined fuels, offering customers millions of barrels of diesel and potentially triggering a price war with Asian competitors as its exports feed into a glut.</p>.... Read more »

Posted on : 7/16/2015