News archive

Canadian lumber production up 5% in June 2016

09-09-2016
Canadian, lumber, production

Canadian sawmills increased lumber production by 2.3% to 5.8 million cubic metres from May to June. Lumber production was also up 5% in June compared to the same period last year, according to Statistics Canada.   Sawmills shipped six million cubic metres of lumber in June, up 4.4% from May. Shipments rose 4.1% in June compared with the …

Marriott International expands reach in MENA

09-09-2016

Hospitality chain Marriott International, Inc. has signed 14 new properties in the Middle East and North Africa region, adding to its current operating portfolio of 147 hotels in 20 countries across the Middle East and Africa. 11 new hotels will open by the end of this year. The latest signings will see Marriott International expand its Middle …

China property development show positive results in first half of 2016

09-09-2016

Investment in China's real estate development was up by 5.3% year-on-year in the first seven months of 2016, a slight decline on performance during the first six months, according to China's National Bureau of Statistics. Investment in residential building grew 4.5% while sales of commercial buildings went up by almost …

Lack of confidence in Japanese government spending to boost economy growth

09-09-2016

In July, Japan’s consumer confidence index fell to 41.3 after a five month high in June. The consensus amongst analysts was that the figure would rise in July. Among the various indicators used to compile the overall index, willingness to buy durable goods (of significance to the furniture sector) worsened and the employment prospect index …

Real estate developer Nakheel poised for growth in MENA

08-09-2016

Dubai real estate developer, Nakheel, has signed a contract worth AED188 million for the construction of 133 homes at Nad Al Sheba, a new high end residential community featuring 1,572 villas and a 1.2 million square foot mall.  Nakheel has tasked Dubai-based Square General Contracting Co. LLC to build the villas in the fourth and final …

Cityscape conference stresses the importance of traditional techniques in design

08-09-2016

At this year's Cityscape Conference, revival of ancient knowledge and the use of classic traditional methods in order to ensure a sustainable future were stressed to architects and designers. Speaking at the Cityscape Conference in Dubai, Jane Duncan, president of the Royal Institute of British Architects, stressed the importance that can be …

Myanmar's timber exports to China plummet

08-09-2016
Myanmar, timber, China, hardwood

In the first half of 2016, China’s log imports from Myanmar were 9,700 cubic metre valued at US$13.96 million, plummeting 97% in volume and 87% in value. Myanmar ranked 42nd among the various sources for China’s hardwood log imports. China’s sawnwood imports from Myanmar were 6600 cubic metre valued at US$3.09 million, …

Oman's construction sector promising growth

07-09-2016

With large international investments in Duqm, Oman's contruction sector looks encouraging in the following years.  The fundraising gaps resulted from low oil prices and the subsequent cuts in government spending on infrastructure projects have been covered by global investors, majority from China. Analysts predicted that the Sino-Oman …