All posts tagged "featuredpost"
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ConstructionAbu Dhabi’s Aldar awards $70m Shams Meera contract
Aldar Properties has awarded a AED258 million ($70.2m) main contractor package to Fibrex LLC to build the mid-market Shams Meera residential development...
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ConstructionHabtoor Leighton Group CEO released without charge in Dubai
The chief executive of contractor Habtoor Leighton Group has been released without charge following his arrest in Dubai on August 17. CIMIC...
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ConstructionProfits slide at Egypt’s Orascom Construction
Egypt’s Orascom Construction on Wednesday reported a 22.4% drop in second-quarter profits, as the contractor said it continues to limit its exposure...
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ConstructionDubai’s Damac awards $260m contract for London tower
A subsidiary of Dubai’s Damac Group has awarded a AED 960 million ($261m) contract to build the 50-storey Aykon London One development...
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PropertyDubai property price rises ‘imminent’
A turnaround in the Dubai property market is “imminent” due to a short supply of new units and the wider economic picture,...
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ConstructionSaudi ministry ‘wanted crane removed months before tragedy’
The Saudi Finance Ministry has claimed that it advised for the giant crane at Mecca’s Grand Mosque to be removed 10 months...
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ConstructionConstruction jobs: UAE bucks trend with 6% growth in listings
The UAE construction industry is hiring, with an increase in jobs posted online over the last year, despite a decline in the...
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PropertyQatar rents ‘fall by 10-20%’ in prime areas
A combination of oversupply and low demand has led to rental declines of between 10 and 20% in Qatar’s high-end residential property...
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ConstructionDubai’s Drake & Scull swings to Q2 net loss
Drake and Scull International (DSI), the Dubai-based contracting firm, swung into a loss during the second quarter of 2016, amid a decline...
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ConstructionDubai’s Arabtec reduces losses by 74%
The Dubai-listed builder Arabtec has reported a 74% reduction in its second-quarter losses, according to a bourse statement. The contractor made a...
