Abu Dhabi signs loan for railway in Morocco

An Abu Dhabi-based fund has signed off a loan worth AED147 million ($40m) to finance the construction of a high-speed rail link...

Infrastructure

Kuwait rail tender expected early 2017

The Kuwait Authority for Partnership Projects (KAPP) will start the bidding for its ambitious railway network project in the first half of...

Construction

UDC inks $196m Pearl Qatar project deals

United Development Company (UDC) has announced the signing of three contracts, worth a total of 716 million Qatari riyals ($196.6m), to develop...

Construction

DSI trims losses after ‘relentless’ cost cuts

Drake & Scull International (DSI), the Dubai-based construction firm, has posted a net loss of $22.05 million for the third quarter of...

Construction

Aldar awards $8m contract for Mayan project in Abu Dhabi

Aldar Properties, the Abu Dhabi-listed property development, investment and management company, has awarded the early works contract for Phase 1 of Mayan...

Construction

Saudi Arabia approves overseas labour offices

Saudi Arabia plans to open overseas labour offices, in a move seen as eliminating the role of brokers when companies look to...

Construction

Saudi govt to pay private sector dues ‘this year’

Saudi Arabia will pay money owed to private sector companies by the end of the year, a government committee said on Monday....

Property

Dubai’s Damac Properties Q3 profit slips 11.7%

Damac Properties has reported a 11.7% fall in third-quarter net profit, according to a statement to the Dubai market, on which the...

Infrastructure

Solar panels installed on 222 Dubai buildings

More than 200 building owners in Dubai have installed rooftop solar panels under a pioneering initiative by the emirate’s utility provider. The...

Construction

Qatar wage system sees worker complaints ‘drop 30%’

The number of complaints filed against employers in Qatar has “dropped significantly” since the introduction of a new wage protection system (WPS),...