SUPPLY DIMINISHING
Dubai’s office rents are continuing to rise due to the growing economy and increasing business confidence, according to a CBRE report.

Germany-based Grohe Group has acquired a majority stake in the WaterTech portfolio of Dawn to become the market leader in South Africa.

Qatar Solar Technologies (QSTec) has signed a deal with Qatar Railways Company to explore opportunities that may lead to the installation of up to 80 megawatts of solar technology within Qatar’s upcoming rail network.

United Development Company (UDC), a leading Qatari shareholding company and master developer of The Pearl-Qatar, has reported a net profit of QR521 million ($143 million) in the first half of the year, up 34 per cent.

Dubai-based property developer Deyaar said on Wednesday its second-quarter net profit more than doubled, buoyed by the launch of its hotel apartment project.

Dilmunia at Bahrain has won the best visual identity award at the 2014 Transform Mena Awards in recognition of its strategic and creative visual brand positioning.

Saudi-based Alwaleed Bin Talal Foundation chaired by Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, has provided 617 residential units for Saudi citizens in need.

Work on Bahrain's first school integrating modern green technology is 60 per cent complete.

IMPORTS HURT SECTOR
Egypt's steel companies have filed a petition against rebar and wire rod imports from China, Turkey and Ukraine, a top steelmaker said, the latest move in a years-long quest to protect the fledging industry from low-priced imports.

Revolutionising the way homeowners flush their toilets, Kohler, a global leader in kitchen and bath design and technology, has introduced the its new Touchless toilet technology for the first time in the UAE and Middle East.

Tasweek Real Estate Development and Marketing has involved various US companies in different segments to introduce and endorse the Smart Living City Dubai shows during its visit to the US.

Damac Properties’ ‘Akoya by Damac’ project, which was recently launched, sold out during a suhoor which took place in six venues across the UAE last night (July 21).