Sunday 24 July 2016

UAE infrastructure ministry endorses emiratisation plan

UAE Infrastructure Development Minister Dr. Abdullah bin Mohammed Belhaif Al Nuaimi has endorsed a plan to emiratise 100 per cent of work categories in his ministry by the end of 2017, said a report. Abdul Rahman Khamis Al Mazmi, the director of the HRD at the ministry, said the


Dubai’s first Solar Decathlon draws big response

Universities from 19 international and Middle Eastern countries have registered for the inaugural Solar Decathlon Middle East 2018 (SDME 2018), which will be held in Dubai, UAE. Solar Decathlon is an international competition that challenges teams to design and build smart houses


RTA completes Dubai internal roads works

Roads and Transport Authority (RTA) has announced the successful completion of the construction work on the internal roads at Al Barsha South 2 in Dubai, UAE. The scope of work included building of 16-km-long road, completing the infrastructural works such as rainwater drainage n


Qatar developer UDC posts $97m H1 profit

Qatar-based United Development Company (UDC), master developer of The Pearl-Qatar, has posted a net profit of QR353 million ($97 million) for the first half of 2016. The net profit attributed to the equity holders of the Company stood at QR332 million.  Earnings per share re


SNC-Lavalin seals Qatar consultancy contract

SNC-Lavalin, a leading engineering and construction group, said it has been awarded an engineering consultancy and support services contract by Oryx GTL, a joint venture between Qatar Petroleum and Sasol of South Africa, for its gas-to-liquids complex at Ras Laffan Industrial City in Qatar.


Bahrain harbour project on track

The work on the Zallaq Harbour Project in Bahrain is progressing well with several of the key development phases completed as per schedule. The harbour has the capacity to accommodate 112 boats, each of which is 10m long. Also the facility boasts 56 stores for sale of sailing equ


Iran to name oil firms qualified for tenders

Iran will issue a preliminary list of international energy companies eligible to take part in tenders to develop its oil and gas fields within the next two weeks, a senior Iranian oil official said on Monday. "Not all foreign companies active in the oil industry can particip


Saudi Binladin seeks $218m Islamic loan extension

Saudi Binladin Group has asked for an extension on an 817 million riyal ($217.8 million) Islamic loan that matured last week and which was being used to fund construction on the kingdom's Grand Mosque site, sources aware of the matter said. The request to delay the payment, o


Drake & Scull inks Eni Iraq project contract

Drake & Scull International, a regional market leader in the general contracting and mechanical, electrical and plumbing (MEP) sector, said it has won a Dh226 million ($62 million) engineering, procurement and construction (EPC) contract from Eni Iraq BV for the construction of a water inje


Dubai property rents down in Q2 over Brexit

Rent values across the office and residential sectors in Dubai, UAE continued to face a downward slope in the second quarter (Q2) of the year as Brexit brought slight uncertainty into the market, a report said. Dubai caters to the most open real estate market within the region an

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