Union Properties posts $13m profit in Q3

Real estate developer said profit was reflection of improved market sentiment in real estate sector. [caption id="attachment_12461" align="aligncenter" width="400"] Union Properties has...

Concerns raised over Saudi mosque demolition

Islamic academics say that development of Masjid an Nabawi will cause the destruction of three ancient mosques near its western wall. [caption...

Dubai developers need a rethink

CBRE managing director says that smaller developers not thinking of efficiency while developing projects. [caption id="attachment_11585" align="aligncenter" width="406"] Nicholas Maclean says Dubai's...

India’s IL&FS wins $82mn Fujairah project

Contract is for the construction of a storage tank terminal in the East Coast emirate. [caption id="attachment_12447" align="aligncenter" width="449"] IL&FS will build...

Tabreed posts $45.6mn in profits YTD

Utility company sees its core chilled water business continue to deliver strong financial results. [caption id="attachment_12442" align="aligncenter" width="420"] Tabreed has posted a...

Explosion in Riyadh kills 22 and devastates Zahid Tractor plant

Workers at a Zahid Tractor plant in Riyadh are among 100 people reported to have been killed or injured after a...

Caterpillar dealers aid Hurricane Sandy disaster relief efforts

US manufacturing giant Caterpillar has mobilised its network of dealers in the northeast of the US to aid the relief effort following...

Gunmen kill two road construction workers in Iraq

Workers on a road construction project close to the Iraq city of Mosul were shot and killed yesterday, the Associated Press has...

Ezdan posts $71.68m net profit for first nine months of 2012

Real Estate developer sees net profit jump from $55.4m in 2011. [caption id="attachment_12437" align="aligncenter" width="449"] Qatar's Ezdan has seen a surge in...

Baghdad to build 30 schools by 2013

Iraq needs 6,000 schools for its children, Iraqi education ministry report finds. [caption id="attachment_12429" align="aligncenter" width="449"] Baghdad aims to build 30...