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Mediclinic breaks ground on Parkview Hospital in Dubai
Project is expected to be completed in 2018. Healthcare chain Mediclinic Middle East has announced that it has broken ground on its...
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Dubai Holding opens 246-acre Kochi Smart City in India
Project expected to create over 90,000 jobs by 2020. Dubai Holding has opened the Kochi Smart City project in the Indian state...
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Dubai Properties unveils ‘affordable’ Serena project
Residential development in Dubailand to span 8.2 million square feet. The UAE-based developer Dubai Properties has unveiled an 8.2 million sq ft...
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Sweett Group ordered to pay $3.2m over UAE bribery offence
Firm was subject to UK Serious Fraud Office investigation. The construction services firm Sweett Group has been ordered to pay £2.25 million...
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Arabtec shares up 8% in Dubai despite 2015 loss
Investors bet the worst is over as builder reports $626m loss. Arabtec shares on Sunday rallied by more than 8%, as investors...
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Damac unveils $2bn Aykon City at Dubai Canal
Construction of six-tower project due to commence before summer. Damac has unveiled details of a $2 billion development overlooking the Dubai Water...
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Damac pays $343m for Dubai Water Canal land plots
Plots add 4 million square feet to developer’s land bank. Developer Damac has paid AED 1.26 billion ($343 million) for plots of...
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Select Group’s Rahail Aslam: Making the most of Dubai’s property slowdown
Why a tough market can bring opportunities too . Good business leadership means you have to stay one step ahead of the...
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Saudi strike: 1,000 workers ‘protest over unpaid wages’
Construction workers at Jeddah company unpaid for six months – report. More than 1,000 employees of a construction company based in Jeddah,...
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RAK Ceramics reports 10.2% increase in annual profits
Gross margin from its core business rose to 29.3%. RAK Ceramics has reported a 10.2% increase in its annual profits, which rose to...
