All posts tagged "featuredpost"
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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...
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PropertyDubai rent drops spread to non-freehold areas
Rental declines are starting to spread to high-density locations of Dubai such as Al Barsha, Oud Metha and Bur Dubai, following price...
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ConstructionDubai construction sector picks up – report
The Dubai construction industry has gained momentum and ranks among the top three sectors in the overall economy, an Emirates NBD report...
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ConstructionSaudi Oger ‘faces $800m liabilities, bankruptcy’
Construction giant Saudi Oger is expected to file for bankruptcy amid liabilities of over $800 million in alleged unpaid salaries and other...
