Emaar, Arabtec shares fall in Dubai amid Brexit turmoil

Shares in the property and construction firms hit hard as Dubai Financial Market sees overall decline. Shares in Emaar Properties and builder...

Damac awards $817m in contracts during H1

Dubai developer awards 25 construction and consultancy contracts for projects including Akoya Oxygen. Damac Properties says it awarded 25 construction and consultancy...

Brexit vote hits UK house builders’ shares

Developers' shares see biggest drops on FTSE 100 index after Britain votes to leave the European Union. Shares in UK house builders...

UK construction costs ‘could rise 15% if Brexit happens’

Leading London homebuilder predicts gloomy outlook if EU exit vote goes through. The United Kingdom could see a 15% rise in construction...

Six Flags plans theme parks in Saudi Arabia

Chief of the US entertainment company has meeting with kingdom’s deputy crown prince – report. The chief executive of Six Flags Entertainment...

Board of Saudi’s MMG quits after three sentenced to jail

Chairman and son were sentenced to five years in prison for misrepresenting company’s value. The board of Mohammad Al-Mojil Group (MMG), the...

Siemens exec: Qatar taking steps toward ‘smart city’ future

Fatih Sakiz, Siemens Qatar CEO, says the Gulf state is beginning to invest in digitalisation. Digitalisation will be the next step forward...

Two workers ‘die in accident at UAE nuclear plant site’

Construction workers were working with a man basket held by a crane – report. Two workers have been killed and three injured...

Al Naboodah Construction CEO to step down

Outgoing chief executive Steve Lever to be replaced by current COO, Colin Timmons. The long-serving CEO of the Dubai-based Al Naboodah Construction...

Regulator ‘jails two execs of Saudi contractor MMG’

Mohammed al-Mojil Group executives were accused of breaching rules relating to accumulated losses, according to Reuters. Two executives at the Saudi contracting...