Saudi King launches Grand Mosque expansion projects

Saudi King launches Grand Mosque expansion projects

Mosque expected to accommodate an additional 1.2 million worshippers following completion of five projects. Saudi Arabia’s King Salman has launched five projects...

Dubai property prices ‘to stabilise in 2016’

Prices set to start rising after declines this year, real-estate firm Core Savills forecasts. Dubai property prices, which have been declining since...

Balfour Beatty says 2015 results could be hit by $230m shortfall

UK engineering group issues another profit warning following a review of its businesses in the UK, US and Middle East. Balfour Beatty,...

Italian firm scores $852m deal to build Qatar World Cup stadium

Salini Impregilo JV set to build Al Bayt Stadium, scheduled for completion in September 2018. Italian construction firm Salini Impregilo is part...

Site visit: Dubai Wharf project

Gavin Davids visits the $217.7m mixed-use development along Dubai Creek. As Dubai continues to grow, the demand for high-end accommodation continues to...

Mövenpick set to open fourth hotel in Jeddah by 2019

Hospitality firm reveals plans to open 300-room Mövenpick Hotel Heraa Jeddah, its fourth property in the Saudi city . Mövenpick Hotels &...

Qatar World Cup bid inspector gets seven-year FIFA ban

Harold Mayne-Nicholls, former chairman of the Bid Evaluation Group for the 2018 and 2022 FIFA World Cups, is barred from taking part...

No ‘drastic’ plunge seen in Dubai property prices, says poll

London Business School survey finds it unlikely that Dubai real-estate prices will see a major drop akin to that during the financial...

Three execs resign from Dubai-listed Arabtec, acting CFO appointed

Reorganisation of UAE’s largest listed contractor continues with resignation of senior staff including chief financial officer. Three senior executives at Arabtec have resigned...