Saturday 4 July 2015
 
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GCC economic activity drops 30pc

The economic activity in the Gulf Cooperation Council (GCC) fell by just under 30 per cent during the first half of the year, according to three key metrics. The value of contracts awarded during the first half of the year in the

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Ericsson wins BBC playout services deal

Ericsson, a leader in communications technology and services, has signed a seven-year playout services contract with the BBC, a leading public service broadcaster. The playout services include the technology and operations that al

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Ericsson wins BBC playout services deal

Ericsson, a leader in communications technology and services, has signed a seven-year playout services contract with the BBC, a leading public service broadcaster. The playout services include the technology and operations that al

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Italian JV wins $1bn Turkey healthcare project

Italian construction group Astaldi said its joint venture with Turkish firm Türkeler has won a major contract to build and operate a new one-million-sq-m hospital complex in Ankara, Turkey, said a report. The $980-million con

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Nshama awards key Dubai project contract

Nshama, a private developer of integrated lifestyle communities for aspiring home-owners, has signed a partnership deal with UNEC, a regional construction company, to build the first two apartment blocks at Town Square, Dubai’s first-of-it

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QP decides to not award contracts directly

Qatar Petroleum (QP) has decided not to assign any contracts by direct agreement with the relevant parties, including wholly or partly owned companies by QP or its subsidiaries, according to a report. This was disclosed by Gulf In

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Adnoc finalises July-June diesel term contract

State-owned Abu Dhabi National Oil Co (Adnoc) has finalised its July 2015 to June 2016 diesel term contract with several buyers, traders said on Friday. The UAE company has finalised the term contracts at a premium of $2.35 a barr

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Hochtief unit wins $1.2bn rail contract in US

Hochtief subsidiary Flatiron has secured a $1.23 billion contract to construct a 60-plus mile portion of new high speed rail between Los Angeles and San Francisco as part of a joint venture team. The project will be the first high

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World Cup insurers ‘likely to refuse pay out on cancellation’

World Cup insurers are likely to refuse to pay out on many cancellation contracts if Russia and Qatar lose the rights to hold the tournaments because of fraud, industry experts said. Russia and Qatar could be stripped of their Wor

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Sedco wins Saudi housing contract

Sedco Development, a key developer in Saudi Arabia, has been awarded a contract for the construction of Gardenia Residence, a project in Jeddah owned by the AlAhli Sedco Residential Development Fund in partnership with Ghoneim International Comp

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