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Abu Dhabi to penalise contractors over safety violations
The municipality of Abu Dhabi City has warned severe penalties are to be enforced on the unsafe... Read full article »
Aldar, Sorouh merger talks in advanced stage
Abu Dhabi-based Aldar Properties and Sorouh Real Estate have said their government-backed talks... Read full article »
Saudi Aramco picks McDermott for cable installation project
US-based McDermott International has been awarded a cable procurement and installation project... Read full article »
Al-Mojil shareholders reject liquidation
Saudi Arabia's Mohammed Al-Mojil Group (MMG) has said its shareholders have rejected the idea of... Read full article »
Arabtec Q3 profit drops 10.5%
Dubai's largest listed contractor Arabtec Holding has reported a 10.5% fall in third-quarter... Read full article »
Al Hassan, Technicas Reunidas awarded $106m EPC deal
Oman-based Al Hassan Engineering Co (AHEC), in joint venture with Technicas Reunidas (TR Spain),... Read full article »
Experts warn Oman's property prices unsustainable
Real estate experts in Oman have warned the 'meteoric' surge of property prices in the past six... Read full article »
PF Qatar selects UK display case maker for National Library project
Interior contractor PF Qatar has awarded a UK firm a £7m ($11.22m) contract to supply products... Read full article »
Red Sea Housing secures $19.7m contract
GS Engineering Co has awarded Red Sea Housing Services a SR74m ($19.7m) contract to build camps... Read full article »
Dubai to implement revised 'wind code' rules from 2013
The municipality of Dubai has said the revised Wind Code applying to the construction of any new... Read full article »
MMG posts $9m quarterly loss
Troubled Saudi construction firm, Mohammed al-Mojil Group (MMG), due to hold an emergency meeting... Read full article »
Tilal expected to announce plans for sukuk issue
Oman's Tilal Development Co is expected to announce plans to raise funds through an Islamic debt... Read full article »
Dubai villa prices up 19.9%, says Knight Frank
Dubai's status as a safe haven for Middle East and North Africa investors has helped boost villa... Read full article »
Trimble expands in GCC
US-based Trimble has announced that a Sitech Technology Dealer has been established to serve... Read full article »
DLD revives three stalled real estate projects
The Dubai Land Department (DLD) has announced the revival of at least three stalled projects in... Read full article »
