Worker housing in UAE ‘to attract more investor interest’

Decree requiring firms to provide staff with free accommodation is likely to spur interest among overseas investors, says Cluttons’ Faisal Durrani. Worker...

Saudi Binladin Group on road to recovery – report

Bankers and economists praise contractor’s efforts to stave off economic disaster. Saudi Binladin Group (SBG), the biggest construction company in Saudi Arabia,...

Dubai developer Deyaar announces $30.2m net profit

Developer reports a 16% increase in revenues during the first half of 2016. The Dubai-based Deyaar Development has recorded a AED 111...

Aldar awards $120m contracts for two Abu Dhabi projects

National Projects and Construction to complete work on Nareel Island and Al Merief developments in 16 months. The Abu Dhabi-listed Aldar Properties...

Major fire at Dubai Marina tower put out

No injuries reported after blaze at 75-storey Sulafa Tower – Dubai Media Office. A blaze at a 75-storey residential tower in Dubai...

Dubai’s $8.1bn Desert Rose City approved

Sustainable project spread across 14,000 hectares of land will include clusters shaped like desert flowers. A smart and sustainable satellite city project...

Saudi Binladin ‘seeks loan extension after payment delay’

Builder said to ask for extension on $217.8 million loan that was being used to fund construction on Grand Mosque site. Contractor...

Low-income UAE workers ‘must be offered free housing’

New decree applies to labourers paid less than $545 per month working for companies that hire over 50 workers. Companies in the...

Dubai South awards contracts worth $272m

Parsons and Atkins Global among companies awarded work, primarily for residential area next to Expo 2020 site. Contracts worth AED 1 billion...

UAE’s Al-Futtaim to distribute Blue Star cooling products

Indian air conditioning major signs exclusive agreement with Dubai-based entity. Al-Futtaim Technology for Buildings Energy Efficiency Services has entered into an agreement...