Meydan sues Arabtec-WCT JV over Nad Al Sheba racecourse

The $952.8m legal action comes after the cancellation of the original construction contract from three years ago, which was due to construction...

Byrne to set up new offices in DIC by 2013

New headquarters will help expand business across the GCC as demand grows, CEO says. Byrne Equipment Rental announced on Sunday that its...

Head of Saudi Railways removed from post by KSA King

Abdul Aziz Al Huqail, the president of Saudi Railways Organisation, has been removed from his post by royal order following the derailment...

Byrne Equipment Rental to set up new offices in DIC by 2013

Byrne Equipment Rental announced on Sunday that its new $4.08m headquarters at Dubai Industrial City, would be complete by the year 2013....

KSA contract win for Gulf Extrusions’ green alloy

800 tonne project hopes to “set precedent” in demonstrating distinct benefits of X-EO alloys. Gulf Extrusions has won a contract with an...

Nakheel signs $7.5m deal to build Jumeirah Park Community Centre

Developer appoints Parkway International Contracting as main contractor for project. Nakheel, the Dubai based real estate developer, announced on Sunday that it...

MMG announces loans of $120m to maintain solvency

Construction and petrochemical firm made a net loss of $225m in 2011. Saudi Arabia’s Mohammed al Mojil Group (MMG) announced on Sunday...

Oman’s Khalid Bin Ahmed & Sons wins $108m road contract

Project part of the first phase of the up gradation of the Sinaw-Mahut-Duqm road in the Sultanate. Khalid Bin Ahmed & Sons,...

Bawabat Al Shamal secures $1bn loan for Doha Festival City

Development to comprise of leasable retail space, hotels, convention centre and leisure facilities . Bawabat Al Shamal Real Estate Company (BASREC), a...