Construction sector woes ‘pose risk to Saudi banks’

Reduced number of projects and rising debts to lead to more nonperforming loans, Moody’s warns. The increasing number of challenges faced by...

New pedestrian bridges in Qatar to feature ATMs, shops

Ministry of Municipality and Environment says it will construct 15 pedestrian bridges in Doha and its suburbs. Fifteen new pedestrian bridges are...

Office rents flat or falling in most Dubai submarkets – report

Dubai Design District was the only area to show an increase in rents in the third quarter, with an average 15% rise....

KONE wins contract for Qatar light rail system

Manufacturer to supply 139 elevators, escalators and moving walkways for transportation project in Lusail. KONE, the global elevator and escalator supplier, has...

Dubai ranked leading smart city in the Middle East

Huawei and Navigant report studies Gulf cities’ strategy and execution of smart city campaigns. Dubai has emerged as the Middle East's leading...

UAE’s Empower records 8.9% energy saving over summer

District cooling provider says campaign was implemented to reduce consumption during peak times. The UAE-based Emirates Central Cooling Systems Corporation (Empower) says...

Work on 140km road project commences in Abu Dhabi

Al Fay-Razeen-Al Quaa highway to link the UAE capital with southern parts of the emirate. The Abu Dhabi General Services Company, Musanada,...

Axalta expands in GCC region with Dubai office

Global coatings specialist plans to further bolster regional presence with Refinish Training Centre in city. Global industrial and automotive coatings specialist Axalta...

Marasi Business Bay Promenade in Dubai to open next month

Surrounding infrastructure completed for much of Dubai Properties’ $272m leisure and lifestyle destination. The Marasi Business Bay Promenade project, which is being...

UAE ministry helps 10,500 workers get overdue wages

Violations included salary delays, avoidance of overtime payments and lack of compensation for public holidays. The UAE’s Ministry of Human Resources and...