Magazines
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UAE’s Farnek buys Smashing Cleaning Services
Smashing has an annual turnover of over $2.7 million. UAE-based facilities management company Farnek has announced in a press release that it...
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Saudi Oger ‘sees 31,000 workers file wage complaints’
Workers prevented from leaving the country, with some alleging wages have not been paid for nine months. A source at contractor Saudi...
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Abu Dhabi’s Aldar reports 9% profit rise
Developer made $178m net profit in second quarter despite signs the UAE capital’s property market is slowing. The Abu Dhabi developer Aldar...
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Dubai’s Nakheel issues tender for Dragon City hotel
Final date for submission of bids is September 25. Property developer Nakheel has floated a tender for the construction of a 295-room...
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Saudis able to pay rent ‘to get priority over properties’
Separate committee to look into those unable to afford leasing homes - report. Saudi Arabia’s ministry of housing will prioritise allotment of...
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Dubai’s Emaar posts 8% higher Q2 profit
Developer sees net profit touch $346 million in second quarter of 2016. The Dubai-listed Emaar Properties reported 8% higher net profits for...
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Kuwait ‘to invest $15.75bn in 2017-18 development plan’
$5.27bn will be borne by state budget, while the rest will be covered by public and private sectors. Kuwait has announced plans...
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Dubai South awards $82m infrastructure contract to Tristar
Mobilisation of Residential District infrastructure works expected to begin immediately, with completion scheduled for Q4 2017. Master developer Dubai South has awarded...
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Qatar’s Oriental Trading signs Husqvarna distribution deal
Doha-based dealer signs agreement to supply Swedish giant’s tools for construction and stone industries in Qatar. Doha-based Oriental Trading Co. (OTC) has...
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Muscat airport terminal works ‘on schedule’
Further expansion plans include increasing capacity to 24, 36 and 48 million passengers per annum in three subsequent phases. Construction of a...
