Friday 29 August 2014
 
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600,000 Saudis eligible for housing aid

More than 600,000 Saudi Arabian families have been found eligible for housing aid under a new scheme designed to ease a shortage of homes which has depressed living standards and is politically sensitive for the government. Out of a total of 960,397 applications under the scheme,

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Safety standards in built environment in focus

The safety standards and practices in the build environment will be the focus of a conference to be held in Kuwait next month. The Safety Design in Buildings conference campaign is a GCC-wide initiative to debate the issue and it will take place at the Crowne Plaza on September 1

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$78m Saudi industrial cities contracts awarded

The Royal Commission for Jubail and Yanbu has awarded two contracts amounting to SR293 million ($78.11 million) related to key projects in the industrial cities of Ras Al-Khair and Jubail. The contracts were signed by Prince Saud bin Abdullah bin Thinyan, chairman of the Royal Co

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Qatar offers help to rebuild Gaza

Qatar has offered to help rebuild the war-ravaged Gaza Strip following the ceasefire agreement between Israel and Palestinians. In a statement, Qatar hoped that the agreement would be a step towards alleviating the suffering of the people in Gaza. It offered to help in the recons

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Two-day weekend proposal stays: Saudi ministry

The Saudi Labor Ministry has clarified that it has no plans to withdraw a proposal for 40-hour work week and two-day weekend system in the private sector, a report said. The ministry said the revised labor law has already been presented to higher authorities for approval, the Ara

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Nakheel awards $20m Palm Jumeirah complex deal

Dubai developer Nakheel has awarded a Dh75 million ($20.3 million) contract to build a new residential complex with 130 apartments on Dubai’s Palm Jumeirah island.   The developer has awarded the deal to the UAE-based Trojan General Contracting to construct the 12-store

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Rashid Hospital’s trauma unit expansion by mid-2015

The expansion of the Trauma and Emergency Centre of Dubai’s Rashid Hospital will be completed by July 2015, said a top Dubai Health Authority (DHA) official. The Dh161 million ($43.8 million) expansion of the Trauma Centre is the first phase of the Rashid Hospital master plan tha

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Dubai Expo 2020 venue master planning on fast track

Master planning for the host venue for Dubai Expo 2020 at the Dubai Trade Centre - Jebel Ali, a 438-hectare site, is fast progressing and has entered the next stage in design, a report said. Dubai Trade Centre - Jebel Ali includes the dedicated gated 150-hectare Dubai Expo 2020 a

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Algeria eyes $262bn investment; boost for infrastructure

Algeria will launch a new five-year investment plan worth $262 billion to boost domestic production and move its economy away from reliance on oil and gas, the government said. The Opec member north African country has been spending heavily on social programmes and infrastructure

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Arabtec ex-CEO eyes $1.3 per share

Hasan Ismaik, the former chief executive of major Dubai construction firm Arabtec, said he was in talks on selling some of his stake to Abu Dhabi's Aabar Investments and wanted over Dh5 ($1.3) per share,  about 4 per cent above the current market price. Arabtec's sha

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