Articles
SME profile: Dubai shipping firm hopes investment will steer it through choppy waters
Family-owned Al Sharqi Shipping is investing in technology through the downturn with a view to gaining a competitive edge.
Money & Me: Dubai beauty salon owner has learned that cash is king
Irish designer Cindy Cafolla says her most cherished possession is a coat made from hand-embroidered silk, which she bought in 2007 for $5,000.
Dubai’s Topaz lands BP contract for 14 vessels in Caspian Sea
Topaz Energy and Marine has signed a contract with BP to provide 14 offshore support vessels to support projects in Azerbaijan.
Carillion to partner with Oman’s sovereign wealth fund to build hospitals
Contractor argues that ability to finance projects either through UK Export Finance or PPP can mitigate impact of falling government spending.
Taxing reality for London’s prime housing investors
The rampant growth that London's prime and super-prime housing markets have experienced over the past five years is coming to an end.
King Abdullah Economic City redraws master plan to make way for driverless cars
The changes to the master plan will be the latest in a series of remodellings for King Abdullah Economic City since the megaproject was announced in 2005.
Dubai property developers try new ways of attracting buyers as market remains in a rut
Post-handover payments, guaranteed income and capital guarantees among the perks on offer as developers seek edge in a softer Dubai property market.
Construction disputes to rise in Middle East as cash tightens
Simon Palmer, the head of construction disputes at the law firm DLA Piper, believes that the fear of cash shortages further down the line is prompting many contractors to take action.
Sweett Group hit with Dh11.9m fine after being convicted of UAE bribery offence
Related to securing a contract with the real estate arm of a local insurance company to build a hotel in Abu Dhabi.
Dubai Properties launches affordable property scheme in Dubailand
Work on the Spanish-themed properties will be completed in five phases, with phase one due for completion by the end of 2018.
Dubai builder Arabtec to be more selective in taking on work
Saeed Al Mehairbi, the chief executive of Arabtec, said that the company will look to ensure 'new projects deliver appropriate returns and, in turn, long term shareholder value.'
Contractors face slowdown in Abu Dhabi unless new projects come to market
Given that more than 70 per cent of the $103 billion of live UAE projects is due for completion in 2017, a potential slowdown in the sector awaits unless more tenders come to market.
Damac pays Dh1.2bn for site overlooking extended Dubai Canal
Surge in demand forecast for waterfront areas along Dubai’s new three-kilometre stretch after developer snaps up land.
UAE Energy Minister tells CIS states to improve business climate to bring in investors
Says countries need to look at laws to attract investment aimed at improving the value they extract from oil & gas.
