Arabtec swings to loss on higher costs

UAE's largest construction company records $3.16m net loss in second quarter of 2012. The UAE’s largest construction company by market value, Arabtec...

Saudi Binladin completes $267m sukuk issuance

Kingdom's largest construction company ties up third short-term Islamic bond since 2010. Saudi Arabia’s largest construction company, Saudi Binladin Group (SBG) has...

Canadian firm awarded $92m district cooling deal

SNC-Lavalin will be responsible for design, procurement, construction and commissioning of plant. Canada’s largest engineering and construction company, SNC-Lavalin Group has won...

TAV consortium close to securing $1.1bn Sharia financing deal

Deal is the second major regional project finance venture signed this month that relies on Islamic finance . The consortium building Abu...

Robot bus makes late bid for London 2012

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Mini BMW Mini in action at London 2012 Olympics

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Rental Solutions and Services leads Middle East charge into world’s top 100 rentals

Dubai’s Rental Solutions and Services has entered International Rental News annual list of the world’s Top 100 Rental Firms. Joined by Byrne...

Smugglers used dredging equipment to hide half tonne of cocaine

Argentinian customs police say they have stopped a shipment of cocaine concealed in heavy dredging equipment being air-freighted to the Nigerian capital...

CNH makes light gains in Europe, Middle East and Africa

CNH has revealed that its second quarter earnings were down on 2011 to $1 billion but it did make market share gains...

Caterpillar sending Chinese equipment to Middle East and Africa

A senior executive at Caterpillar has confirmed that the world’s largest manufacturer is sending Chinese-made machinery to the Middle East and Africa...