Articles
Abu Dhabi cooling firm Tabreed enjoys steady growth
Tabreed has announced a 5 per cent increase in net profit for the first half of this year to Dh160.5 million.
Turner & Townsend’s Middle East revenues increase by 24 per cent
The project management consultancy is currently working on the expansion of the Midfield Terminal Building in Abu Dhabi, and Al Maktoum International Airport in Dubai.
Approval for TV audience checker could lead to higher UAE advertising spending
Current TV advertising spending in the UAE is currently about US$1 billion, but following the approval of TView’s methodology that it 'would expect that to be twice as high'.
Gulf property markets face ‘perfect storm’ due to overbuilding, report says
Value of projects currently under construction is four times the amount that has been built over the past decade, says the consultany firm AT Kearney.
Experts see Dubai house prices dropping for another 18 months
Research firm Phidar said that Dubai’s residential market had been hampered by a lack of demand – both from institutions and occupiers.
Opportunities abound despite region’s construction complications
Working in the Middle East can be problematic for contractors, and client disputes can almost be taken as read, but the truth is that Dubai in particular, and the region as a whole, still offers an incredible amount of opportunity.
Liberty House’s Sanjeev Gupta to set up new bank
Liberty House bought Tungsten Bank from US-based invoice discounting company Tungsten Network in December last year for £30 million and is waiting for a licence from the Bank of England to operate it.
Sanjeev Gupta steels himself for Liberty House’s biggest ever challenge
Sanjeev Gupta looks unlikely to gain control of Tata Steel’s huge Port Talbot plant, but he is still in the running for some of its other assets and remains convinced that his plan to improve the fortunes of the industry is the right one.
Al Naboodah’s construction arm on track to hit turnover of Dh3.5bn this year
New boss Colin Timmons plans closer ties between group divisions to make its bids for work more competitive.
Off hours: Dubai law firm founder strives to keep life ship-shape
Dubai-based maritime law specialist Jasamin Fichte says finding time to be a wife, mother and business head can be a struggle. But she's learnt that her company can survive without her involvement in every decision.
Carillion wins five-year, £240 million extension to Petroleum Development Oman maintenance contract
The company, which operates as Carillion Alawi in Oman, has been working for Petroleum Development Oman for three years, providing facilities management services to an estate of 2,000 buildings over a 100,000 square kilometre area.
Dubai’s Emaar launches Il Primo Opera District apartments at Harrods
Apartments taking up either half of a whole floor of Dubai Opera District tower go on sale, with prices starting at Dh17m.
Dubai’s commodities exchange posts record volumes during post-Brexit turmoil
Volatility in precious metals and currencies markets helps to boost volumes on Dubai commodities exchange.
