World’s demand for oil expected to peak by 2040 and eventually decline says IMF

Growth of global demand for natural gas is also expected to slow, although it is expected to remain positive in the coming...

BPGIC inks land lease agreement with Fujairah Oil Industries Zone

BPGIC’s initial studies indicate that the land could house up to approximately 3.5 million cu m of storage tanks. Brooge Petroleum and...

EGA installs 457-tonne Siemens H-class gas turbine

The H-class turbine was built by Siemens in Berlin and was shipped to the UAE by sea. Emirates Global Aluminium (EGA) said...

Abu Dhabi Ports to build new cruise jetty

BAM International has been appointed for the construction works. Abu Dhabi Ports plans to design and construct a new cruise jetty at...

Dubal Holding, EDF Group ink MoU to explore sustainable energy solutions

Dubal Holding, EDF Group ink MoU to explore sustainable energy solutions. Dubal Holding, a wholly-owned subsidiary of the Investment Corporation of Dubai,...

Enoc to open 22 new service stations across the UAE by end of 2020

Emirates National Oil Company (Enoc) plans to open 22 new service stations across the UAE by the end of 2020. Emirates National...

Oman to award $630m worth of contracts for road dualisation project

Parsons International & Company acting as consultant for the tendering and supervision of project. Oman is to award contracts worth $630 million...

SirajPower completes construction and installation of new fully financed solar project for DP World’s staff accommodation

Combined 6.75MWp system capacity solar rooftops spans a total of 110 mid-rise buildings and generates more than 10.72GWh of annual energy production....

Global construction mergers and acquisition activity plunges by 44.5% in one year

Value falls to $6.98bn compared to previous 12-month average of $12.59bn, reveals Globaldata report. The total value of merger and acquisition (M&A)...

Drake & Skull International completes projects worth $73 million in Kuwait

DSI Kuwait completes two key engineering and construction projects . Drake & Skull for Electrical Contracting (DSI Kuwait) has successfully completed two...