Articles
Builders urged to broaden financing
Alternative funding streams can help win contracting work in the UAE, but prospects for Saudi and Qatari markets continue to look downbeat
Shapoorji Pallonji set for expansion outside India in Dubai
The Mumbai-based real estate company is looking to build a portfolio in Dubai while seeking out opportunities in Saudi Arabia, Kuwait and Bahrain
Atkins Middle East reports lower revenue and liquidity pressure
The UK-based company’s Middle East unit reported a 12 per cent year-on-year decline in revenue to £104.9 million 'as cash collection remains a key focus'
Middle East pay delays hit Hill International, says chief, as it slides to loss
US-based construction project manager and consultant hurt by cash-flow issues and lower revenues as region reacts to prolonged downturn in oil prices.
Stronger dollar could hold back Dubai property recovery
The strength of the US dollar has been cited as a contributing factor to the decline in Dubai’s property market since mid-2014
Dubai playing catch-up in heavy machinery push
Local markets may not offer the type of volumes required for machinery makers with factories in China and India to set up UAE plants.
Global expertise to support Dubai industrial strategy
Executive Office advisor says government's role is not to create its own industry heavyweights but to facilitate private sector growth.
Arabtec on right track back to profitability
The head of Arabtec’s construction unit said the company is on a turn around to profitability despite posting its eighth successive quarterly loss in the third quarter.
Dubai Parks operator aims to lift revenue as costs rise
DXB Entertainments is also project managing construction of the new Dubai Arena in the City Walk district.
Aldar awards Dh30m contract for Mayan development on Yas Island
Abu Dhabi-based Dutch Foundation & Concrete Rehabilitation has won the contract covering shoring, piling and earthworks for the site.
Tech breakthroughs needed for solar power prices to continue falling
Cheaper panels and low interest rates have driven solar power prices down by 90 per cent over the past decade.
Privatisation of Saudi’s power generation companies set to begin next year
Frst of four businesses being created from Saudi Electricity Company's power generation arm could be privatised next year
Laing O’Rourke gets nod for Expo 2020 mall and hotels complex in Dubai
The UK contractor is to build a 2.3 million square foot mall and a pair of hotels on the wider Expo masterplanned site at Dubai South.
