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Ariston Thermo opens new plant in Bahrain
Facility will produce water heaters for the Middle East and North Africa markets. Ariston Thermo has inaugurated a new 7,000 sqm production...
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Aldar buys $1bn portfolio from TDIC in one of the largest real estate deals in UAE history
Acceleration of Saadiyat Island development behind acquisition. Aldar Properties says its $1 billion acquisition of a portfolio of prime real estate assets announced...
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Cat introduces new multi-processor tools for excavators
Interchangeable jaw sets and exclusive features enhance productivity, manufacturers says. Caterpillar Work Tools has expanded its range of excavator attachments with three...
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Trimble acquires Viewpoint in $1.2bn deal
Acquisition of construction management software provider to expand integrated project, jobsite and business workflow offerings . Construction technology services provider Trimble has...
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Palfinger reports record first quarter revenues
Business expansion in EMEA, Americas and China contributes to earning reaching $471.6m . Mobile hoists and loading cranes major Palfinger has announced...
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AUS hosts construction robot and 3D printing event
Exhibition and workshops explore how technology will have an impact on the construction sector and progress to diversify the UAE economy. The...
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Terex reports 25% rise in first-quarter sales
Company records growth in every segment with crane business seeing 19% rise in sales with high order backlog. Terex Corporation has reported...
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Saudi rental company EJAR buys Doosan compressors in $2m deal
Dosan Portable Power says deal to supply 50 units to Jeddah-based company was made at Intermat. Saudi equipment rental services provider EJAR...
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Dentons advised banks on Islamic financing for Byrne Group sale
Acquisition by Itqan Investments to finance Asian market entry by GCC rental powerhouse. Dentons has revealed that it acted as legal counsel...
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Nakheel’s Ali Rashid Lootah lauds “impressive start” to 2018
$1.36bn in construction contracts signed in Q1; $420 million net profit up 5% Y-o-Y. Nakheel's chairman Ali Rashid Lootah has hailed an impressive...
