FAMCO unveils financing services for the UAE

Multi-brand equipment and commercial vehicles distributor FAMCO is now offering financing for trucks, buses, construction equipment, forklifts, generators and compressors in the...

GCC aluminium production rises to 5m tns annually

Current combined production capacity is just under 3.6 million tonnes. The total of production capacity of aluminium smelters in the GCC region...

Government greenlights Jeddah metro

Decision comes after study finds that Saudi roads revamp won't solve city's traffic problems. The Saudi transport ministry and the mayoralty of...

Saudi Aramco extends Jizan refinery bid deadline

Bidding now scheduled to close in mid-September for the 400,000bpd facility. Saudi Aramco has extended by one month the deadline to bid...

KSA to spend $60bn on logistic and transport infrastructure

Kingdom's 2012 budget includes $9.4bn for transportation projects and roadworks. Analysts have said that plans by Saudi Arabia to spend in excess...

Red Sea Housing to spend $530m on expansion

Company's three-fold strategy will focus on expansion as it looks to enter new sectors and countries. Saudi-based modular buildings maker, Red Sea...

KSA to spend $60bn on logistic and transport infrastructure

Analysts have said that plans by Saudi Arabia to spend in excess of $60bn on boosting the country’s logistics and transportation infrastructure have...

Government greenlights Jeddah metro

The Saudi transport ministry and the mayoralty of Jeddah have approved the first phase of the Red Sea port-city’smetro project. Initially, the...

UDC sees net profit fall by 14%

Qatari developer also sees revenues jump by 60%, while costs of revenue hit $242m. The developer of The Pearl-Qatar, United Development Company...

UAE begins enforcing new labour rules

Ministry of Labour cracks down on companies violating regulations surrounding labourer welfare. New labour rules and regulations set by the UAE Ministry...