New level for Dubai’s Mall of the Emirates as $272m extension opens

‘Evolution 2015’ extension houses 24-screen Vox Cinemas. Majid Al Futtaim on Monday delivered its AED1 billion ($272m) multi-stage extension of the Mall of...

Final piece of Louvre Abu Dhabi dome cladding lifted into place

Iconic roof is part of first museum to be constructed at the Saadiyat Cultural District. The final piece of the jigsaw is...

Gulf’s strong public sector ‘a challenge when recruiting’ in construction

Head of Pace Engineering calls on industry to encourage more young graduates into private sector. The strong public sector in the Gulf...

ALEC boss welcomes formation of Saudi contractors’ association

Government-backed body could bring ‘right kind of standards into the industry’, says Kez Taylor. The formation of a contractors’ association in Saudi...

Dubai’s Damac raises $100m in sukuk issue

Property developer says proceeds will partly be used to acquire land plots. Damac says its property development arm has raised $100 million...

Dubai property market ‘stands tall’ among rivals despite price slump

Decent rental yields and tax-free status means Dubai is still attractive to investors, says Knight Frank. Dubai’s real estate investment sector still...

ALEC CEO: Lifting of Iran sanctions to boost investment in Dubai

Tax-free environment and historic ties to prove attractive, says Kez Taylor. The lifting of sanctions on Iran will give a boost to...

Saudi Binladin makes insurance claim after crane disaster

United Cooperative Assurance says it will announce financial impact of the incident in Q4 financial statements. Saudi Arabia’s United Cooperative Assurance says...

‘Resilient’ Qatar set to award $220bn in projects, says S&P

Large-scale investments set to continue despite low oil prices and World Cup controversy. Qatar remains ‘resilient’ and is set to award $220 billion in...