AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coastline, has announced the appointment of leading architectural firm Denniston as the Master Planners for The Island.

Chief Executive Officer of AMAALA, Nicholas Naples, said: “AMAALA carves a unique positioning within the global hospitality portfolio, catering to select travellers looking for innovative experiential escapes. Our ambition is to create personalised"...

FLORIDA: President Donald Trump praised the United States’ relationship with Brazil under Brazilian President Jair Bolsonaro on Saturday, but declined to say whether he would impose steel and aluminium tariffs on the South American country. Ahead of a dinner between the two men at Trump’s Mar-a-Lago resort in Florida, Trump was asked if he would continue to hold off placing new tariffs on Brazilian steel and aluminium. Trump responded that the United States had helped Brazil, but said he would not make any promises"...

Rasmala Investment Bank Limited (‘Rasmala’) a leading alternative investment manager, today announced the acquisition of a state-of-the-art research and development facility in Philadelphia, United States for USD 61 million. The asset was acquired by the Rasmala North American Real Estate Income Fund.

Located in the heart of the Philadelphia Navy Yard complex, one of the premier business parks in the Northeastern United States, the property"...

Mohammed Abdulrahman Al Bahar, one of the GCC region’s largest distributors in the heavy equipment market, has announced the launch of a wide range of SEM machines including wheel loaders, motor graders, track-type tractors and soil compactors.

SEM is a Chinese manufacturer of heavy equipment that operates as a wholly-owned subsidiary of Caterpillar, one of the largest heavy equipment manufacturing companies in the world.

Founded in 1937, Al Bahar remains the exclusive dealer in the UAE, Kuwait,"...

Italy’s premier earthmoving, site and construction machinery industry expo, SaMoTer has been postponed to May 16 due to the outbreak of Covid-19 in the country. The event was scheduled to take place from March 21 to 25 in the Italian city of Verona.

The announcement from leading event organiser Veronafiere comes following a board meeting in Italy as more and more cases affected by the coronavirus are getting reported in the country.

The board acknowledged the impossibility of ensuring proper"...

AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coastline, has announced the appointment of British award-winning architectural design and engineering firm, Foster + Partners. The firm will act as Architectural Advisors of the development.

Rooted in the philosophies of art, wellness, and the purity of the Red Sea, AMAALA is set in the Prince Mohammed bin Salman Nature Reserve across three unique communities:"...

UTEC, a leading independent offshore and onshore survey provider, said it has completed a major survey subcontract for McDermott International, a leading provider of integrated EPCI (engineering, procurement, construction and installation)services for upstream field developments.

A part of Acteon Group, a specialist subsea services company, the Britain-based UTEC has offices in Australia, Indonesia, Singapore, the UAE, the UK and the US employing more than 350 staff.

On the work, UTEC said it had"...

The total value of deals in the construction and real estate sector globally for the fourth quarter of 2019 hit $56.78 billion, up 29 per cent when compared to the last four-quarter average of $44.38 billion, according to GlobalData’s deals database.

The value marked a decrease of 3% over the previous quarter, it stated.

In terms of number of deals, the sector saw a drop of 7.4% over the last four-quarter average with 577 deals against the average of 623 deals, while in value terms, North America"...

Manitowoc, a leading provider of engineered lifting solutions, is set to launch its new rough-terrain crane - the Grove GRT8120 at the upcoming Conexpo 2020 construction trade show in Las Vegas (US).

It is the latest in the GRT line of rough-terrain cranes that have grown in popularity due to their reliability and versatility on job sites.

It is one of six brand-new cranes that the company is introducing at the Conexpo 2020 show - to be held in Las Vegas, US from March 10 to 14 - along with several"...

Question: I am proposing to buy a property in Coimbatore which is being auctioned by a public sector bank as the property was mortgaged to the bank when it gave a loan to the present owner. I am tempted to participate in the auction which the bank is going to have. What are the safeguards which I should take before bidding in the auction process?

Answer: Generally persons buy property in an auction as they feel that it may be available at a discount."...