Abu Dhabi real estate under pressure going into 2019, says Chestertons

Prices unlikely to recover until effects of $13.7bn AD government stimulus package are felt. International property firm Chestertons says real estate sales...

Nakheel: We’ve broken ground on $194mn Dragon Towers

Developer reveals Ali Mousa & Sons Contracting will complete Dragon City project in 2021. Nakheel has broken ground on its Dragon Towers...

Volvo CE reports 24% rise in third quarter sales

Operating income goes up to $286m as orders rise from China, Russia and the Americas. Volvo Construction Equipment has reported a 24%...

Q3 sales climb at Haulotte

Company rides on increase in sales in Europe and Asia-Pacific, as it takes over Turkish distributor. French powered access specialist Haulotte saw...

ENOC and Microsoft partner to develop AI-based service station

The ENOC Service Station of the Future programme will be delivered by Microsoft Services. Emirates National Oil Company (ENOC) has partnered with...

Oman, Saudi Arabia complete 680km road through the Empty Quarter

The new route will shave more than 800 km from the journey. The road linking Oman and Saudi Arabia will be completed...

Caterpillar rebrands with new ‘Modern Hex’ trade dress

New logo designed to reflect premium quality of Cat brand, says company. Global construction machinery leader, Caterpillar, has announced that its products...

Global construction output to grow 3.6% per year until 2022 – report

Middle East to be among fastest-growing regions as worldwide output touches $12.9tr . The global construction industry is expected to rise to...

Masdar upgrading through roll-out of digital procurement and contracts system

Firm believes it’s essential to use the right technology to streamline processes . Masdar has implemented a Tejari/JAGGAER sourcing and eProcurement system...