Business | Construction
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Thursday May 23
Arabtec to open rights issue on June 9
Fundraising part of a five-year expansion plan
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Wednesday May 22
Arabtec labour dispute resolved
Company says no impact on projects
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Tuesday May 21
Arabtec says projects unaffected by strike
Company liaising with UAE authorities, seeking quick resolution
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Tuesday May 21
Saudi developer Dar Al Arkan lowers price guidance on sukuk
Saudi developer brings down yield guidance to around 6% in its quest to raise $300m from five-year Islamic bond
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Tuesday May 21
Drake & Scull International awarded SAR 1.7b Saudi contract
Contract relates to construction of Lamar Towers in Jeddah
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Monday May 20
Dh330b approved for developments across Abu Dhabi emirate; a good part of it to go to Western Region projects
Executive Council allocates funds for development programmes over next five years
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Monday May 20
Interior companies see growing demand from Dubai’s hospitality sector
Hospitality interior spend in GCC to reach $1.62 billion in 2013
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Sunday May 19
UAE tops GCC spend in home fit-outs market
Also estimated to be top regional spender on retail interior contracting
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Thursday May 16
Egypt settles dispute with Damac
The settlement with Damac involved two of Damac’s projects in New Cairo and a third in the Red Sea area
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Wednesday May 15
Drake & Scull’s order book crosses Dh10 billion, says CEO
Tabari says he has no plans to sell his own stake in Drake & Scull
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Tuesday May 14
UAE’s GDP to top $395b this year
Construction, real estate and services sectors seen driving growth, econony minister says
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Monday May 13
Bechtel eyes wider role for itself in region
Bechtel has bid for project management contract at Etihad Rail
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Tuesday May 7
Emal phase II scheduled to start production on December 2
40 per cent of contracts for Emal phase II awarded to local contractors
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Tuesday May 7
Drake & Scull International wins contracts in Saudi Arabia and India
Deals worth Dh385m are for infrastructure projects
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Sunday May 5
Gulf Capital gets 450 million Saudi rials loan
Gulf Related to launch SR650 million residential compound
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Thursday May 2
Arabtec reports Dh99.7 million first quarter net profit
First quarter revenue surges 20%
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Thursday May 2
Drake and Scull’s first quarter profit climbs 47%
Dubai contractor’s revenue increases 58%
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Wednesday May 1
Will series of Dubai mega-projects create market glut?
Developers are taking a more realistic and cautious approach to projects, analysts say
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Wednesday May 1
First phase of Mohammad Bin Rashid City due within three years
Value of Mohammad Bin Rashid City-District One expected to reach Dh21b
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Wednesday May 1
Meydan, Sobha Group JV to develop project
MBR City-District One market value could reach Dh21b
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Tuesday Apr 30
Real estate: Aldar’s Q1 net profit slumps 67.7%
Revenue fell to Dh1.6 billion compared to Dh3.6 billion in the same quarter last year
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Wednesday Apr 24
Emirates airline to build 5 towers for cabin crew at Dubai Silicon Oasis
Airline strikes deal to build residences to accommodate 2,000 staff
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Thursday Apr 18
Al Maabar to develop Al Waha project in Tripoli
Commercial, retail, hospitality and residential space to cover a built-up area of 145,000 square metres
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Wednesday Apr 17
Arabtec and Samsung Engineering to form joint venture
New company will capture growth opportunities in the oil & gas, power and infrastructure sectors
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Wednesday Apr 17
World Trade Centre Abu Dhabi project to be completed in 2014
Souk at World Trade Centre Abu Dhabi already operational
Business Editor's choice
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Ramadan food cost rise forbidden
Ministry of Economy to keep strict watch for consumer law violations
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Microsoft unveils Xbox One with Spielberg
Xbox One is Microsoft’s first new gaming console in eight years
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Mariner of the Seas in maiden call on Dubai
1,020-feet-long cruise ship en route to Singapore and China
