Articles
UAE banks collaborate to provide lifeline to struggling SMEs
The UAE's 10 biggest banks saw profits improve in 2015 as they reported fewer impairments and non-performing loans.
Damac Properties first-quarter net profit drops 15 per cent
Dubai-based developer says sales booked during the period ended March fell 75 per cent from a year earlier
Dubai Land Department completes overhaul of Building Classification System
Will help to cut down on paperwork and allow its surveyors to work more easily in the field.
Emirates Defense Technology to develop artillery system with BAE Systems
Signs deal with UK-based aerospace and defence company BAE Systems to partner on opportunities for the development of artillery vehicles.
Danube focus on affordable homes boosts sales and turnover
A focus on middle-income housing has helped to boost the overall real estate project value of Danube Properties to about Dh1.8 billion, according to the company, despite an overall decline in Dubai house prices.
UAE ripe for student housing
Qatar Rail terminates main Doha Metro station builder’s contract
The entire first phase of the Doha Metro project, which will contain 86km of tracks and 38 stations, is due for completion in 2019.
Drake & Scull replaces finance chief after just eight months in management shake-up
Lossmaking Dubai-based contractor brings in former Hyder regional chairman Wael Allan into newly-created chief operating officer role as it looks to fiscal consolidation.
Drake & Scull replaces finance chief after just eight months in management shake-up
Lossmaking Dubai-based contractor brings in former Hyder regional chairman Wael Allan into newly-created chief operating officer role as it looks to fiscal consolidation.
PwC buys construction claims firm as disputes rise in GCC
HLP Consulting will help accountancy practice to secure more work in the construction disputes field.
Lack of prime space leads to rent growth in Dubai office market
Most of the buildings that are under construction in Tecom’s Media City and Internet City districts, such as its own Butterfly Building and Sweid & Sweid’s The Edge building, are now largely pre-let before they come onto the market.
Danube launches sixth affordable housing project in Dubai
The company's sixth affordable housing project in Dubai will have 418 units, with prices starting from Dh450,000 for studios.
Union Properties hires China State to build Dh450m Motor City scheme
Chairman Khalid Bin Kalban confident of market turning by the time the Dh450 million project is due for handover in late 2017.
DED denies penalising anyone for commenting on Dubai economy
Department says 'no government entity is empowered' to act against people making negative comments about the emirate's economy.
Delayed payments to Saudi Arabia’s construction sector start to filter through
Payment cycles have lengthened in the past, but in the current cycle delays have been even worse than after the global financial crisis in 2008.
