Articles
Irvin Richter steps down as Hill International chairman as company postpones AGM
US-based company cancels annual general meeting just hours before it was to take place as it restructures the board.
Dubai Parks and Resorts financial loss widens
Parks operator said that it expects 900,000 visitors within the first two months when it opens on October 31.
Middle East contracts add to healthy first half at UK construction firm Interserve
In Dubai, it has operated a 60-year-plus joint venture with Khansaheb Group, through which the pair run contractor Khansaheb Civil Engineering, among other businesses.
Spaceship-style floating homes coming to Dubai
Dutch developer expects to sell US$50m worth of homes in the Middle East in its first year, and over $100m in its second year.
UAE stock markets edge up as oil gains
The biggest gainer on the DFM was Marka, after the retail-focused business reported an 18 per cent quarter-on-quarter increase in revenue to Dh89.5 million.
Former Arabtec chief Hasan Ismaik plans to take Abu Dhabi investment group Marya public
Ismaik says Abu Dhabi-based group will make 'prudent' investment in sectors that will capitalise on global population growth.
Middle East creating billionaires at a faster rate than rest of the world
Middle East remains the second-fastest growing region for producing billionaires despite the drop in oil prices.
Damac to sell off plots of land at Akoya Oxygen project in Dubai
Company says investors will have up to 10 years to build on plots.
Arabtec chief says situation with unpaid Filipino workers in Saudi ‘blown out of proportion’
He said that only a handful of Filipinos are on the books of Arabtec Saudi Arabia, and that they will all be repatriated with end-of-service benefits paid in full within the next month.
Saudi Arabia contract awards down 75 per cent on a year ago
Research from the kingdom’s National Commercial Bank (NCB) stated that the decline was mainly owing to the lack of large contract awards by the Saudi government.
Dubizzle says Dubai property market has bottomed out, but Abu Dhabi sales and rents under pressure
Sale prices remain flat in Dubai but witness significant quarter-on-quarter declines in Abu Dhabi as residents struggle with higher living costs.
Middle East project growth coming back to the region, says Hill International
However, project management company still plans on cuts in Oman.
Drones and data point the way forward for better returns in UAE construction
Developers and contractors need to embrace technology to become more efficient and build up trust as report says overcapacity looms and challenges mount.
