Shares in Dubai’s Arabtec down 5% after Q2 loss

Builder said it incurred losses of $195.56 million in the second quarter on the back of higher costs. Shares in the Arabtec...

Dubai’s Drake & Scull reports lower profits, H1 revenues edge up

Operating profit for the first half was $15.8 million, down 27% compared to the same period in 2014. The Dubai-listed contractor Drake...

Dubai Parks and Resorts’ expenditure tops $1bn

Second-quarter costs came to $218m as theme-park developer looks to meet October 2016 project deadline. Total expenditure by Dubai Parks and Resorts...

UAE’s Naresco bags construction contract for Danube’s Glitz 1 and 2

Shoring and excavation work on the residential developments is complete. Dubai developer Danube Properties has awarded a contract to UAE-based Naresco Contracting...

Samsung C&T exec on building super-tall structures in the Middle East

Interview with Ahmad Abdulrazaq, executive vice-chairman of Samsung C&T’s High-Rise division. As anyone who has visited the Burj Khalifa will tell you,...

Jobs advice: What Gulf construction firms look for when hiring

Top trends driving recruitment in the sector. Recruiting the right candidate for a vacant position is seldom an easy process. In the...

Dubai’s Majid Al Futtaim sets policy on construction workers’ rights

Policy makes commitments on timely pay, annual leave and accommodation. The Dubai retail giant Majid Al Futtaim has outlined details of a...

Saudi royals ‘tour Silvio Berlusconi’s $545m mansion in Italy’

Former Italian Prime Minister reportedly selling 68-room retreat on Sardinia’s Costa Smeralda. Saudi royals are looking to buy a $545 million mansion...