Articles
Drake & Scull appoints acting finance head
Feras Kalthoum has been appointed as acting CFO with immediate effect, replacing Kailash Sadangi, who joined last year from the Saudi contractor Al Khodari Sons.
Fifa World Cup 2022 construction under threat should dispute continue
Qatar is entering into a crucial period in terms of its construction programme for the Fifa tournament – most notably for its stadium building.
Float still on the cards, says ASGC chief executive
Chief executive Bishoy Azmy believes that a public listing of ASGC's shares would still be in the company's best interests
Contractors need to spend on technology, says ASGC chief
The contracting company is turning towards technology to ensure that it doesn’t face obsolescence.
Eagle Hills to build new hotel and gated community in Fujairah
The Palace Fujairah Beach will have 162 rooms, a health club, cafes and restaurants and meeting room facilities.
Angel investor’s push to give women a lift
Karaoke venture finds its voice in UAE
The first karaoke venture launched by Martha Lane Fox outside the United Kingdom has opened in Dubai. The positive response in the emirate defied initial scepticism and now plans are afoot to expand the offering further.
Dubai sings for Lucky Voice
The British-owned chain had been well received since its opening in The Grand Millennium Hotel in Dubai’s Barsha Heights in December last year.
Anti-bribery standard introduction to add to UAE’s competitiveness
Rashid AlHebsi, the chief executive of Tasneef-Riva Business Assurance, said the new standard would also help to increase transparency in the country, making it more attractive to foreign investors.
Viceroy Dubai developer to launch Dh2.1 billion hospitality Reit
Five Holdings, the company previously known as Skai Holdings, has said that the trust will be the first hospitality-focused Reit to launch in the region, and the biggest to date.
UAE a leader in sustainable buildings, says Core Savills
The study states that most of these sustainable buildings are commercial properties rather than residential, but despite the investment green buildings typically do not earn higher rents.
Former Drake & Scull vice-chairman sells stake at Dubai contractor
Drake & Scull is in the midst of a capital restructuring exercise that could see the company writedown 75 per cent of its share capital, or about 1.7 billion shares, to extinguish prior losses.
Inflation in construction likely to grow as capacity shortages bite
Decrease in UAE contractors' capacity and a likely upturn in new volumes may lead to building prices rising by the end of the year.
Regional sovereign wealth funds look to invest in real estate for liquidity
There is also growing interest in infrastructure investment, despite it taking sovereign funds much longer to invest in these – four years, on average.
Sizeable Saudi Arabian market a big draw for newly appointed Dar Al Arkan chief executive
'So you have a big demand to satisfy and there is an opportunity in presenting those investors with new, innovative products and projects. This is the main attraction.'
