Saturday 30 July 2016
 
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Construction

Brexit shockwaves hit UK consumers, construction

Shockwaves from Britain's vote to leave the European Union are reverberating through the economy with surveys published on Thursday showing a sharp dive in consumer confidence and a slowdown in the construction sector. A month

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Saudi builder Al-Khodari slumps to Q2 net loss

Saudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said on Tuesday it swung to a net loss in the second quarter as earnings were pressured once again by a slowdown in the kingdom's building sector. The c

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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 fro

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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 fro

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550 new hotels 'under contract' in Middle East

A total of 154,576 rooms in 550 hotels were registered under contract in the Middle East in June, a 23.5 per cent increase compared with the same period in 2015, said a report. According to the STR June 2016 Pipeline Report, the Middle

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550 new hotels 'under contract' in Middle East

A total of 154,576 rooms in 550 hotels were registered under contract in the Middle East in June, a 23.5 per cent increase compared with the same period in 2015, said a report. According to the STR June 2016 Pipeline Report, the Middle

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Emaar's Dubai Opera on track for August launch

Construction work on Dubai Opera, the city’s first purpose-built multi-format performing arts theatre, is set to be completed in August, developer Emaar properties said in a construction update. According to an update on its

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UAE group Al Jaber to raise $1.6bn from asset sale

Al Jaber Group, a family-owned business in Abu Dhabi, UAE, has almost doubled the amount of cash it intends to raise from asset sales including real estate and shares under a new debt repayment plan it offered to creditors, two people with knowl

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UAE group Al Jaber to raise $1.6bn from asset sale

Al Jaber Group, a family-owned business in Abu Dhabi, UAE, has almost doubled the amount of cash it intends to raise from asset sales including real estate and shares under a new debt repayment plan it offered to creditors, two people with knowl

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New judging panel for Taqdeer awards

Dubai's government has set up a judging committee for the inaugural Taqdeer Awards which, this year, will focus on the construction sector. Taqdeer, named after the Arabic word for ‘appreciation’, is the world&rsqu

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