Thursday 28 August 2014

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


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


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


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


Arabtec ex-CEO eyes $1.3 per share

A 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, a level about 4 per cent above the current market price. Arabtec's shares are among t


Dubai Municipality backs smart city event: Tasweek

Tasweek Real Estate Development and Marketing, a provider of comprehensive real estate development solutions for the UAE and the broader Middle East, said Dubai Municipality has backed the ‘Smart Living City - Dubai 2014.’ Dubai Municipality will share will other high


CPC, Qalaa complete Sphinx Glass transaction

Saudi Arabia’s Construction Products Holding Company (CPC) and Qalaa Holdings marked today the completion of their EGP1.3billion ($180 million) transaction on leading Egyptian float glass manufacturer Sphinx Glass. The celebration marked the final conclusion of a transactio


UAE working on new projects in Palestine

The Emirates Red Crescent (ERC) is presently working on a number of development projects worth Dh53 million ($14.4 million) in the occupied Palestinian territories, said a report. These include health, educational, religious and developmental projects, according to Emirati news a


Saudi awards key rail project contract

Saudi Arabia has awarded a contract to China Railway Construction Corporation for the renewal of the freight railway line between Dammam and Riyadh. The SR122.8 million ($32.5 million) deal was signed by Saudi Railways Organization (SRO) president Mohamed Khalid Al-Suwaiket with


Damac ready for release of ‘Akoya Oxygen’ units

Damac, one of Dubai’s leading luxury developers, said it has brought forward the second release of units at its latest master development, Akoya Oxygen, following ‘unprecedented’ customer demand. Akoya Oxygen is a 55 million sq ft community in Dubailand offering

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