Articles
UAE construction costs unlikely to rise for 18 months
UAE and Oman two of only three global markets where construction costs are not expected to rise this year.
Dubai property investors urged to jump aboard, Abu Dhabi market sees reshuffle
'The trick for all buyers is to know when to step into the market and not miss that bus. I think we can confidently say at the moment that bus is moving out of the terminal and you need to be on it.'
WSP Parsons Middle East appoints Kane as MD to replace Bower
Greg Kane joined WSP as operations director from Hyder Consulting in 2013.
Justproperty.com expands market presence to Bahrain and Jordan
Alex Nicholas, the chief executive and co-founder of JRD Group, said that the launch would help property seekers and sellers in both countries.
Limak signs $4.34bn deal to build Kuwait International Airport terminal
The Foster + Partners-designed terminal is due to take six years to complete, but Limak’s contract also includes a further two-year maintenance contract.
Abu Dhabi Global Market and Flat6Labs to collaborate on encouraging fintech
ADGM hopes agreement with start-up accelerator and light touch rules can foster development of a local fintech sector.
Region’s first high-rise medical mall coming up in Abu Dhabi
The Dh500 million, nine-storey project in Khalifa City A, will house a hospital, clinics, dental practice, laboratories and sports and wellness retailers.
No Dubai property price crash in sight, says consultancy
The decline in Dubai rents and sale prices during the past two years have been nowhere near as severe as in 2008.
Michael Fahy: Over budget and behind schedule in construction
The Middle East is by no means the only region in the world where projects run late and over costs, but it tends to happen more often here.
Journey to excellence: Alitalia halfway through route back to profitability
The three-year strategy that Alitalia embarked upon in 2015 to turnaround years of heavy losses is now halfway through. So what has been achieved thus far?
Orascom moves back in black as contract wins boost backlog
During the quarter, the company’s backlog grew by 9 per cent to $6.7 billion, although if its 50 per cent share of contractor Besix is included, backlog grew by 10 per cent to $8.4bn.
Technip lands contract for Saudi petchems plant
Technip said that it would use proprietary furnace technology that offers high-capacity gas cracking capability.
Major new projects to continue Al Maktoum airport expansion
Its aim is 'to improve the competitiveness of Dubai Airport, bringing service excellence, tackling some of the problems that Dubai Airport is witnessing and improving the passenger experience'.
Gulf contractors face tough market conditions amid cashflow constraints
Deloitte’s 2016 Powers of Construction report states that contract awards are likely to drop to $140 billion this year, a reduction of 17 per cent on the amount of awards last year.
