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Hochtief-led group wins $2.9bn Riyadh airport dealSaudi General Authority of Civil Aviation has chosen a group led by the German contractor Hochtief for the upgradation of terminals at the Riyadh international airport, a report said. The contract to upgrade King Khalid International Airport is valued at $2.9 billion, said More… |
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Revamp of 42 Bahraini schools underwayWork is underway to revamp 42 schools across Bahrain. A total 90 schools out of 205 are also undergoing preventive electromechanical maintenance to avert any loopholes, said Education Minister Dr Majid Al Nuaimi More… |
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Arabtec Q2 net up 11pc, misses estimatesArabtec, the construction company at the centre of Dubai's stock market turmoil, reported an 11 percent rise in second-quarter profit on Sunday, missing analysts' estimates. Net profit climbed to 103 million dirhams ($28.1 million) in the three months to June 30 from 92 m More… |
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New safety warning in Bahrain as site deaths riseAn increase in worksite fatalities has prompted Bahrain officials to issue fresh warnings to construction companies to abide by regulations or face legal action. The number of worksite deaths this year has already reached More… |
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Jordan's Housing Bank reports 16pc rise in profitJordan's Housing Bank for Trade and Finance, the country's second largest lender, posted a 16.4 percent increase in first-half net profit to $86.2 million due to better utilisation of funding in core activities, it said in a statement on Saturday. Assets stood at $10.7 bi More… |
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Jumeirah Beach Hotel plans major expansionUAE Vice President and Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has endorsed the fifth phase of the Jumeirah Beach Hotel expansion plan, which is set for completion in 2018. The masterplan vision and concept for the expansion was delivered by global More… |
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Arabtec ex-CEO trims stake in firmDubai construction company Arabtec's former boss has sold about $4 million worth of shares in the group this week, cutting his stake slightly, stock exchange data showed. Arabtec's shares have swung around wildly this year on apparent tensions between chief executive Hasa More… |
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US firm wins key $35m reclamation deal in BahrainGreat Lakes Dredge & Dock Corporation, a US-based dredging services provider listed on Nasdaq, has been awarded a Works Ministry contract valued at approximately $35 million. The contract encompasses phases one and two More… |
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Foundation laid for massive Madinah cityWork on the massive King Abdullah City for Pilgrims was launched in Madinah recently with the laying of the foundation for the project. Attending the ceremony were Minister of Finance Dr Ibrahim Al-Assaf and Minister of Haj Dr Bandar Al-Hajjar. The foundation stone More… |
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Seef Properties registers $9.1m net profitSeef Properties has reported a 3.4 per cent increase in net profit at BD3.42 million ($9.06 million) for the first half of the year when compared with BD3.31 million for the same period last year. The gross rental income f More… |
