Latest news with #PDeol
Zawya
3 days ago
- Business
- Zawya
Turkey starts dumping probe on some Chinese imports: Report
Turkey has launched an anti-dumping investigation into the import of certain Chinese products, a media report said. The products include solar panel junction boxes, sodium gluconate and aluminum frames for photovoltaic panels, Daily Sabah newspaper reported, quoting a trade ministry communique. These imports have caused material damage to domestic producers, the report said. Last year, Ankara imposed anti-dumping duties on some steel imports from China, Russia, India and Japan, with the highest tariffs on Chinese imports. The duties imposed will range between 6.10 percent to 43.31 percent of the cost, insurance and freight (CIF) prices. (Writing by P Deol; Editing by Anoop Menon) (
Zawya
7 days ago
- Business
- Zawya
Oman to receive 63,000 new residential units by 2030 as population grows
Oman plans to deliver 62,800 residential units by 2030, with 5,500 entering the market this year, real estate consultancy Cavendish Maxwell said in a report. The Gulf country is set to add 5,800 hotel rooms to its current inventory over the next five years, with 35 new hotels and resorts scheduled to open by 2030, the report said. The new rooms will boost current inventory by around 25 per cent. Residential real estate inventory grew by 3.6 per cent in 2024, with 38,400 new homes delivered. Oman's population is expected to reach 7.7 million from the current 5.3 million, driven by increasing numbers of both Omani nationals and expatriates. More than 80,000 new homes are projected to be delivered between now and 2040, Cavendish Maxwell said. Integrated Tourism Complexes (ITCs) will play a pivotal role in shaping Oman's real estate sector as non-Omani nationals can own freehold property. Several ITCs are under development in locations like Muscat, Dhofar, South Al Batinah, South Al Sharqiyah and Musandam, the report said. Oman is currently home to 270 hotels and resorts, with 24,000 rooms between them. Another 5,800 rooms across 35 hotels and resorts are set to come online by 2030, with 54 percent in the upper upscale and luxury segments, suggesting a shift towards high-value tourism, Cavendish Maxwell said. (Writing by P Deol; Editing by Anoop Menon) (
Zawya
7 days ago
- Business
- Zawya
Dubai's TownX to build residential community in Arjan
Dubai- based developer TownX plans to build a residential community on the 400,000 square feet land plot in Arjan. The land was acquired for 110 million UAE dirhams ($29.95 million), TownX , which has an AED4 billion project portfolio, said in a statement on Thursday. The plot will host residential units, landscaped gardens, and community-centric facilities. No further details on the project were given. TownX has developed 1.04 million square feet of residential space, delivering more than 967 units to date. It is currently constructing 2,125 apartments. The company's completed portfolio includes Easy18, Easy19, Luma21 and Luma22 in Jumeirah Village Circle (JVC). The ongoing projects are 11 Hills Park at Dubai Science Park and Luma Park Views in JVC, the statement said. (Writing by P Deol; Editing by Anoop Menon) (
Zawya
19-05-2025
- Business
- Zawya
Iraq plans to develop projects to improve climate adaptation
Iraq plans to develop a portfolio of projects to improve its climate adaptation and greenhouse gas mitigation strategies. The development is part of Iraq's Green Climate Fund (GCF) country programme, which targets projects in key sectors, mainly the agriculture and water sectors, the Green Climate Fund (GCF) said in a statement last week. The unveiling of Iraq's country programme follows the October 2024 approval of GCF's first $39 million project in Iraq to strengthen vulnerable agriculture livelihoods. The project, implemented by the Food and Agriculture Organization, will improve the livelihoods of two million Iraqis and contribute to the country's long-term food security and economic stability. The investment will empower water user associations and improve water management across the agriculture sector via policy reforms, improved irrigation technologies, and integration of renewable energy solutions, the statement said. (Writing by P Deol; Editing by Anoop Menon) (
Zawya
16-05-2025
- Business
- Zawya
TAQA says Q1 2025 capex rises 30% to $587mln
Abu Dhabi-listed TAQA said total capital expenditure (capex) rose 30 percent year-on-year (YoY) to 2.2 billion UAE dirhams ($586.52 million) in the first quarter of 2025. Power generation, transmission and distribution capex went up whereas oil and gas declined steeply, according to the company's Q1 2025 analysis report. Transmission & distribution (T&D) capex hit AED 1.1. billion, a 51 percent YoY increase driven by the timing and phasing of project execution of water and electricity network construction, enhancements, and upgrades, the company said in its report. The generation segment's capital spending rose 47 percent annually to AED 819 million during the quarter. This higher investment was due to the accelerated development of the Al Dhafra Open-Cycle Gas Turbine project. Water Solutions segment's capital expenditure rose 37 percent YoY to AED 180 million, mainly due to the rehabilitation, replacement, and upgrades to existing sewer networks, pumping stations and treatment plants and the development of new networks. However, capex in the oil & gas (O&G) segment declined by 50 percent YoY to AED 131 million in the first quarter of 2025. The drop was driven by the transition to decommissioning in the UK and lower capital spending on drilling and completions activity in the company's North American operations, the statement said. (Writing by P Deol; Editing by Anoop Menon)
