Tuesday 21 November 2017

Drake and Scull posts $98m Q3 loss

Drake & Scull International (DSI), a regional market leader in engineering and construction services, has registered a net loss of Dh359 million ($98 million) for the third quarter of 2017 mainly hit by overall productivity of projects. Announcing the results for the three mo


Bobcat rolls out new compact telehandler

Bobcat, one of the world's leading manufacturers of construction equipment, said it has launched the new TL30.70 telehandler. Providing a maximum lift capacity of three tonnes and a maximum lift height of nearly 7 m, the new TL30.70 is designed for a wide range of application


Big 5 gears up for debut precast innovation summit

Leading international industry experts will be in Dubai to highlight the latest trends, technologies and techniques in precast concrete construction, at the inaugural Big 5 Innovation in Precast Summit, being held in co-ordination with the UAE Ministry of Infrastructure Development.


Cypriot group J&P wins Fujairah luxury resort deal

Eagle Hills Abu Dhabi, a leading real estate investment and development company in the UAE, has awarded the construction and infrastructure works contract for the entire 63,677-sq-m site of The Address Fujairah Resort + Spa to Joannou & Paraskevaides (J&P), a Cypriot building, civil and


Abu Dhabi starts commercial operations at $1.5bn utility plant

Abu Dhabi Water and Electricity Authority (Adwea) has started the commercial operations at its Dh5.4-billion ($1.46 billion) Mirfa independent water and power plant (IWPP) located about 110 km from the UAE capital in the Dhafra region. The plant is the 10th facility to be built under t


Union Properties posts $12m net loss in Q3

Union Properties, a leading developer in the UAE, has reported a net loss of Dh45 million ($12.2 million) for the third quarter compared with a net profit of Dh32 million ($8.7 million) in the same period last year.   Announcing the results for the three months ending September 30,


Abu Dhabi approves corniche master development plan

Abu Dhabi's Department of Urban Planning and Municipalities has endorsed the Corniche master development plan aimed at enhancing the tourist attractions on the corniche and rendering it a superb recreational facility befitting the profile of Abu Dhabi, according to a report.


Bin Faqeeh wins Gulf Property Show best stand award

Bin Faqeeh Group, a leading real estate investment firm, has topped Facebook Polls for the best stand award at Gulf Property Show 2017, said the event organisers Hilal Conferences and Exhibitions (HCE). The Northern Gulf’s boutique showcase for real estate and property, Gul


Bahrain completes key road revamp work

Bahraini authorities have completed the road revamp project at Riffa area with focus on Roads 2929, 2928 and 2930 in Block 929 in Riffa. The project is part of a comprehensive plan implemented by the Ministry of Works, Municipalities Affairs & Urban Planning to revamp roads,


Dubizzle expands property platform portfolio

Dubizzle, a leading property platform in the UAE, has acquired two Dubai-based companies - Masterkey and Airlist - in bid to offer enhanced and comprehensive services to real estate industry professionals across the country.   Masterkey is Dubai’s only enterprise custo

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