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Target Engineering awarded two contracts worth $57m
The firm is a wholly owned subsidiary of Arabtec Holding.. Target Engineering has won two key contracts worth $57m for projects in...
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Arabtec restructures team, appoint new chief executive officer
Arabtec has appointed Wail Farsakh as chief executive officer and Najeh Awad as chief financial officer. Arabtec Holding has promoted its group...
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Abu Dhabi National Energy Company in talks with ADPower for purchase of assets
TAQA’s board of directors have approved to acquire most of ADPower’s water and electricity assets. TAQA (Abu Dhabi National Energy Company) has...
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Azizi Developments to deliver accelerated Aura project in JAFZA by Q2 2020
Developer is accelerating work on 479-unit residential development. Azizi Developments, the Dubai-based private developer, has announced that it has accelerated work on...
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Coronavirus: Sinoboom donates first batch of face masks to global industry customers
Shipment of 100,000 masks goes out from powered access equipment maker’s Chinese production base to more than 27 countries worldwide . Chinese...
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Coronavirus: Global equipment industry to lose 4% of total production
Study by Off-Highway Research says effect on production is less challenging than the lower demand expected for rest of the year ....
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KNPC completes biofuels project in Kuwait
The cost of the biofuels project has reached $14.7bn according to Abdullah Al Ajmi, deputy CEO for projects at KNPC. Kuwait National...
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Coronavirus: EETC delays tender offer for electricity interconnection line with KSA due to COVID-19 pandemic
Postponement is the third so far, following two earlier delays due to changes in the line course because of Neom project in...
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Coronavirus: Emaar announces salary cuts across its businesses
The Dubai-based developer is also suspending some of its most recent projects. Emaar Properties has cut executive and staff salaries across its...
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Tabreed acquires 80% stake in Emaar’s Downtown Dubai district cooling business for $675mn
Transaction increases Tabreed’s presence in Dubai to 278801RT, with total capacity increased to 12.6% . The UAE-based National Central Cooling Company (Tabreed)...
