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Philips Lighting changes name to Signify
Company to continue using Philips brand name for products . Global lighting technology heavyweight Philips Lighting N.V. has announced that it is...
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Meraas and Carnival Corporation to collaborate on maritime tourism
Deal is in line with the Dubai Tourism Vision 2020 that aims to attract 20m visitors a year. Meraas has signed an...
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Abu Dhabi government departments sign agreement to speed up construction licenses
MoU will bolster efforts to provide integrated services . Abu Dhabi’s Department of Urban Planning and Municipalities and Abu Dhabi Civil Defence...
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‘Reckless’ Carillion’s overseas ventures were ‘largely disastrous’
Committee condemns 'dash for cash' and says 'contract problems' result of 'deliberate, naïve and hubristic strategy'. Carillion’s forays overseas were largely disastrous,...
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Vox to set-up new IMAX screens in Saudi Arabia
Follows announcement of $533m commitment from MAF to open 600 new Vox screens in KSA. IMAX Corporation and Vox Cinemas have signed...
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UK Government lacked ‘bravery’ as Carillion became a ‘time bomb’
UK Parliament report also criticises board for presiding over 'rotten corporate culture'. A UK Parliamentary committee formed of MPs representing both Work...
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Aldar registers $182m in net profit for Q1 2018
Revenue increases to $408.3m due to strong 'revenue recognition' on developments under construction. Aldar Properties, the Abu Dhabi-based property development company, has...
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Saint-Gobain breaks ground for its first Multi Comfort House in the Middle East
Masdar City hosts project to demonstrate “technologies for optimising human experience within a built environment. French multinational Saint-Gobain has broken ground on...
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DSI returns to profitablity as it posts net profit for quarter; reversing Q1 2017 losses
Contractor achieves overall net profit of $1.9mn for first quarter of the year, following a net loss of $228 mn in Q1...
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Nakheel updates on $217mn The Pointe development
Waterfront dining and entertainment destination heading towards late-2018 completion. The Pointe, Nakheel’s $217 million, 130,064sqm waterfront dining and entertainment destination on Palm...
