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...

Tabreed posts $25.7m profit in H1 2012

Abu Dhabi based district cooling company says chilled water business and lower financial costs drove its success . The National Central Cooling...

SEHA amends hospital project’s prequalification requirements

Minimum requirement has been lowered to building a hospital project worth $272.2m in the past 10 years. The Abu Dhabi Health Services...

Sorouh reports $45m in second quarter profit

Abu Dhabi property developer saw net income surge to $45.35m as compared to $34.11m in 2011. Sorouh Real Estate, which is negotiating...

Stage two of ALBA heat stress initiative begins

Aluminium producer said Q2 net profit had dropped by half to $92m due to low prices and high costs. Aluminium Bahrain (ALBA)...

Weak demand, oversupply pressure Abu Dhabi rents

Vacancy rate in the office market has increased by 32% and is expected to rise further. Property consultancy Jones Lang LaSalle (JLL)...

KSA earmarks $373m for Al-Oqair tourism project

Committee formed to study the region's requirements, including necessary infrastructure. The Saudi Cabinet has announced the establishment of a joint stock firm...

Following mobile example suits Liebherr towers cranes

Liebherr’s decision to go direct in terms of its tower crane sales in the UAE allows it to follow the succesful example of the mobile cranes model,...