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...

KSA to forge ahead with Grand Mosque expansion

Expropriation project is estimated to cost around $8bn, including compensation of property owners. The Saudi Cabinet has given the necessary approval to...

Iraq to review bids for construction of $6.1bn mega port

Port was previously put on hold while ministry floated a tender for the first stage. The Iraqi Transport Ministry has announced the...

HLG Qatar arm to design and build Siemens tram project

Firm to work on the line serving Doha Education City for Qatar Foundation. Leighton Contracting Qatar WLL, the Qatar arm of Habtoor...

Proclad Group in deal with QInvest

Qatari investment lender to arrange a multi-tranche syndicated financing for expansion plans. International provider of protective weld cladding services, Proclad Group has...

ABB secures $24m KSA contract

Zurich firm will design, engineer and supply a new substation at Ras Al Khair. ABB has been awarded a $24m contract by...

Best Western plans nine KSA properties by 2014

World's largest hotel chain launches second property in Kingdom and first in Riyadh. The world's largest hotel chain, Best Western International has...

ME project delays cramp Atkins’ quarterly earnings

Company not expecting an improved trading environment for the remainder of financial year. UK-based design and engineering consultancy group WS Atkins has...

Shurooq commences work on Dibba island project

Sharjah government investing more than $136m into Eastern region projects. Sharjah’s Investment and Development Authority (Shurooq) announced Wednesday that development work had...