Union Properties announces $8.82m profit for H1 2021

Dubai-based developer posted a loss of $43.2m for the same period in 2020. Union Properties, the Dubai-based real estate developer listed on...

Arkan shareholders approve strategic merger with Emirates Steel

Transaction will create a listed national champion in the building materials and construction sector. Arkan Building Materials Company (Arkan), the UAE-based has...

KBR announces $400mn cash deal for acquisition of Babcock subsidiary Frazer-Nash

Transaction expected to close by third or fourth quarter of 2021. KBR, the US-based engineering, procurement and construction company, has announced that...

$3.4bn worth of infrastructure and development projects announced in KSA’s Tabuk region

Projects include initiatives related to housing, transportation, environment and agriculture. Saudi Arabia has announced several infrastructure and development projects worth more than...

Ritchie Bros to acquire Euro Auctions for $1.08bn

Acquisition to enable equipment auction behemoth to expand its reach in EMEA region and provide customers more equipment, solutions and services ....

ADFD agrees $26mn loan with Guinea to finance and develop major roads project

Project in Conakry will be key to economic growth and improved road safety. Abu Dhabi Fund for Development (ADFD), the economic development...

New law brought in for use of 3D printing in the UAE construction sector

Entities keen on conducting 3D printing activity in the sector must first register with Dubai Municipality and obtain a license. A new...

Kuwait to build region’s first electric vehicle city

Kuwait Port Authority to provide port and logistics services to electric car companies. Kuwait authorities have announced plans to build EV City,...

Masdar begins construction of Indonesia’s first floating photovoltaic power project

Project is expected to begin commercial operations in Q4, 2022. Masdar has announced that it has achieved financial close on a 145MW...

Bentley Systems announces acquisition of Imago by its Seequent subsidiary

Acquisition will expand Seequent’s technology solutions portfolio and boost cloud capabilities. Bentley Systems, the infrastructure engineering software solutions provider, has announced that...