UAE’s Al Habtoor Group ‘closer to IPO’

Investment and contracting company has ‘all the documents ready’ for a share sale, says its CEO. The UAE-based investment and contracting company...

Eleven killed in Qatar labour camp fire

At least 12 others injured in blaze at housing complex for workers on Slawa Tourism Project – interior ministry. At least 11...

Nakheel completes ground works for $545m mall in Dubai

Developer says it has seven construction proposals under assessment for Al Khail Avenue mall, with a contract due to be awarded in...

Majid Al Futtaim in $8.2bn UAE investment drive

Retail developer plans 10 new City Centre malls, as part of aim to increase total UAE investments to $13bn by 2026. Majid...

Tender prices ‘to stay flat’ in UAE, Muscat

Markets are among just three globally where tender prices will not increase this year, according to Turner & Townsend. The UAE and...

Deloitte: GCC projects worth $2tn in pipeline

Region continues to be “an attractive market” despite the forecast 17% decline in contract awards this year. Projects worth $2 trillion are...

Egypt’s Orascom Construction returns to profit

Cairo and Dubai-listed group posts $23m net profit in first quarter. Egypt’s Orascom Construction has reversed its loss-making run, having reported $23...

Italy’s FILA showcases technologies at Mideast Stone Show

The region is an important market for FILA as it is a gateway to markets like India and Indonesia. Italian surface solutions...

Plans for $272m Dubai Canal project unveiled

Marasi Business Bay development, launched by Dubai Properties Group, is set for completion by 2023. Plans for a project worth more than...

World’s ‘first 3D-printed office’ opens in Dubai

Building next to Emirates Towers in Dubai took 17 days to ‘print’, and was installed on site within two days. The “first...

Construction