Construction
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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)...
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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)...
