Lower productivity in Saudi contributes to fall in DSI revenues

Exposure to the Euro currency through German subsidiary also contributes to decline, CEO says. Drake and Scull International, the UAE based construction...

Oman shortlists nine for Sohar Refinery expansion

Expansion estimated to cost between $1.5bn and $1.8bn, contract to be awarded by Q1 2013. Oman's oil and gas ministry has shortlisted...

$16.5bn budget for Makkah transport system upgrade

Construction for four metrol line, 88 station project will be carried out over 10 years. The Saudi government has given the go...

Indians lead $6bn foreign investment into Dubai

Investors from India bought a total of 2,153 properties worth $1.02bn in H1 2012. Dubai Land Department (DLD) has said foreign investors...

UAE earmarks $73.8m for road projects

Internal and external road projects across the country set to be developed and built. The committee tasked with following up on the...

Oman, Etihad Rail considering panel for GCC rail project

Joint committee to help develop standardised specifications for the rail project. Oman and the UAE have proposed forming a joint committee between...

See Hitachi building a new Dubai

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Trucks prepped for entry into Khalifa Port

Abu Dhabi Ports Company (ADPC) and Abu Dhabi Terminals (ADT) have been preparing trucking and clearing companies for the upcoming opening of...

Speedy’s $31m buys “youngest fleet” in the Middle East

British equipment rental firm Speedy International has said it has invested a total of $31.3m in its Middle East operations since setting...

Speedy invests $31m in Middle East since 2010

Company now has bases in UAE, Egypt, Oman and Saudi Arabia. British equipment rental firm Speedy International has said it has invested...

Construction