ADNOC terminates $1.6 billion Dalma gas contract with Petrofac

The Dalma gas project is an important part of ADNOC’s strategic objective to make the UAE gas self-sufficient. Petrofac has revealed that...

Deyaar Development to proceed with capital restructuring plans following shareholder and SCA approval

Al Qatami says Deyaar can write off all accumulated losses dating back a decade ago with capital reduced from $1.57bn to $1.2bn....

Coronavirus: Bahrain’s Cabinet agrees to reschedule a number of construction projects due to COVID-19

Several other decisions were taken during Cabinet meeting on April 20, including a reduction of the operational expenses budget for ministries and...

Coronavirus: DSOA rolls out initiatives, incentives and payment plans in response to COVID-19

DSOA is the regulatory body for Dubai Silicon Oasis (DSO). The Dubai Silicon Oasis Authority (DSOA) has announced several exemptions, incentives and...

Coronavirus: ASGC contributes $1.36mn to COVID-19 solidarity fund

Fund was launched by the Islamic Affairs and Charitable Activities Department in Dubai. UAE-based Al Shafar General Contracting (ASGC Group) is contributing...

Bentley Systems opens full access to ProjectWise 365; waives fees until September

The system leverages Microsoft 365 technology and office productivity tools. Bentley Systems has opened full access to its ProjectWise 365 cloud service...

SEA-LNG and Sohar Port partner on LNG Bunkering hub project

Sohar and SEA-LNG to promote Oman as LNG bunkering hub and the use of liquefied natural gas (LNG) as a marine fuel....

Coronavirus: Government’s measures to have positive impact on Saudi real estate sector, says Savills report

Current crisis to temporarily slow down kingdom’s economy before stimulus leads to long-term growth. The raft of measures taken by the Saudi...

Coronavirus: KNPC builds temporary centres to accommodate 7,000 workers

The three sites dedicated for the temporary centres include Al-Ardiya, Al-Jahra, and South Al-Sabahiya areas. Kuwait National Petroleum Company (KNPC) has announced...

Coronavirus: Recruitment platform FifthEdge offers free access to its database

AI-driven recruitment platform says employees and employers can access its cloud-based platform free of charge due to the ongoing pandemic. Construction and...