Rotana signs deals to manage five hotels in Oman

Abu Dhabi company inks deal with Taameer Investment and Golden Group of Companies to operate 1,500 rooms by 2020. Hospitality chain Rotana...

Saudi Arabia to build four industrial cities for women

Clusters of factories offering employment to women to be set up in Jeddah, Yanbu, Qassim and Al-Jouf. The Saudi Organisation for Industrial...

Atkins reports 27% rise in Middle East profits

Consultant notes increased uncertainty around property and infrastructure projects in the region. The UK-based Atkins says its Middle East business saw a strong...

Drake & Scull, Arabtec shares hit hard as Dubai market tumbles

Shares in developers Emaar and Damac also down as Dubai Financial Market index hits 11-month low. Construction firms on Sunday dragged the...

Dubai Parks and Resorts project structure ‘73% complete’

Cumulative spending on massive theme park project has touched $1.3 billion. Dubai Parks and Resorts says 73% of the project-structure works on...

Dubai Healthcare City, Nshama partner for medical tourism project

Development will be part of Dubai Healthcare City’s phase two expansion. Dubai Healthcare City Authority has announced a joint venture with the...

Oman’s $600m Saraya Bandar Jissah project on track – developer

Over 2,500 workers are on site at the under-construction tourism complex on the outskirts of Muscat. Construction of Saraya Bandar Jissah, the...

Dubai’s Arabtec reports heavy losses in ‘difficult regional market’

Contractor reports fourth consecutive period of losses, falling $257 million further into the red in the third quarter. Arabtec, the Dubai-listed contractor,...