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

The International Monetary fund (IMF) has said in a new report that global oil demand will peak around 2040 – or ‘much...

Construction

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

Dubal Holding, a wholly-owned subsidiary of the Investment Corporation of Dubai, has announced that it has signed a memorandum of understanding (MoU)...

Construction

Daikin interview: Energy efficient technologies will lead the GCC HVAC-R industry

Energy efficient products and companies with technologies are going to lead the HVAC-R market for the GCC according to Daikin’s Tuna Gulenc....

Construction

Work begins on multiple municipal service projects in Bahrain

Work on a string of service projects across Bahrain has begun, with the aim of upgrading municipal services for citizens of the...

Construction

Oil and gas, urban construction sectors driving increase in GCC projects, report says

GCC project announcements have increased and raised optimism in the construction market with oil and gas and the urban construction sectors contributing...

Construction

GCC countries likely to introduce direct and indirect tax in the near future

Industry experts have said that residents and companies must be prepared for new direct and indirect taxes that are expected to be...

Construction

KSA holds greatest potential for construction sector in GCC – Linesight

Saudi Arabia currently holds the greatest potential for the construction sector in the GCC, with more than 5,000 capital projects worth in...

Construction

$13.8bn worth of projects announced across GCC in July 2019

Projects worth $13.8 billion were announced across the GCC in July 2019, a 140% growth month-on-month, with the energy sector registering the...

Consultant

Eltizam Asset Management Group sets aside $55mn for M&A raids

Eltizam Asset Management Group says it has set aside $55 million A(ED 200 million) to fund mergers and acquisition (M&A) activity in the GCC...

Construction

Saudi construction rebounding but tender prices down in some GCC markets, reveals RICS survey

The latest RICS Middle East Construction and Infrastructure survey results are now available, says the organisation. "Results indicate that operating conditions remain...