Magazines
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Kuwaiti developer NREC reports $38.1m nine-month profit
Total assets of $1.8 billion have increased by $39.8 million from December 2014. Kuwait’s National Real Estate Company (NREC) has reported a...
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Caterpillar: China demand ‘not expected to recover to peak’
Equipment giant expects industry-wide excavator sales in China to hit about 23,000 units this year, compared to 112,000 in 2010. Construction equipment...
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Dubai’s Arabtec ‘looks to build 13,000 homes in Egypt’
Proposal is separate from stalled agreement for 1 million homes, says chairman of Dubai-listed builder. Arabtec, the Dubai-listed contractor, has submitted a...
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Skidmore, Owings and Merrill: Scaling new heights in the Mideast
George Efstathiou and Uwe Nienstedt on the firm’s design philosophy. In concrete jungles like Dubai, it's never an easy task for an...
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US firm lands contract for Riyadh Metro work
Dayton Superior to deliver steel forming systems for phase one of the project. Ohio-based Dayton Superior has been awarded a purchase order...
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Egypt property firm SODIC says nine-month profit hits $27.9m
Developer says it is on track to achieve targets in final quarter of 2015. The Egyptian property developer SODIC says it more than...
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Rotana signs deals to manage five hotels in Oman
Abu Dhabi company inks deal with Taameer Investment and Golden Group of Companies to operate 1,500 rooms by 2020. Hospitality chain Rotana...
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Saudi Arabia to build four industrial cities for women
Clusters of factories offering employment to women to be set up in Jeddah, Yanbu, Qassim and Al-Jouf. The Saudi Organisation for Industrial...
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Atkins reports 27% rise in Middle East profits
Consultant notes increased uncertainty around property and infrastructure projects in the region. The UK-based Atkins says its Middle East business saw a strong...
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Drake & Scull, Arabtec shares hit hard as Dubai market tumbles
Shares in developers Emaar and Damac also down as Dubai Financial Market index hits 11-month low. Construction firms on Sunday dragged the...
