Arabtec Holding, a leading construction company in the Middle East, on Thursday outlined a major recapitalisation programme which will see the loss-hit company raise Dh1.5 billion (($408 million) through a rights issue as part of its new recover
Residential tenants in the UAE have benefitted from falling rents and a growing willingness by landlords to accept multiple cheques in recent years, but an expected real estate recovery – at least in Dubai – could again spur property
Dubai's residential property market is still at risk from rising debt costs, strong dollar and a sluggish regional economic growth and a short-term recovery is highly unlikely in the region's economic hub, said a report by Phidar Advisor
Heading towards the end of the year, the real estate markets in both Dubai and Abu Dhabi appear to be making strides towards recovery, said a report.
There has been a noticeable slowdown in the rate of price drops and a visible up
Saudi Arabia is optimistic that the Opec’s (Organization of the Petroleum Exporting Countries) deal to curb oil output to 32.5 million barrels per day (bpd) will speed up the (market) recovery and benefit producers and consumers, said a re
Oilfield services provider Baker Hughes said it did not expect a substantial recovery in drilling and pricing in North America this year, in contrast with comments from bigger rivals Schlumberger and Halliburton Co.
Bahrain-based GFH Financial Group (GFH) has announced that it has concluded a final settlement with one of its ex-chairmen in a legal case and has recovered approximately $4 million in cash, shares and real estate from him.
Engineered air solutions provider Safid is undeterred by a drop in output and sales and believes new plants it is building will be in time for a recovery in markets it expects to happen before long.
“We’re optimistic a
Churchill Drilling Tools, a specialist engineering company delivering market-leading drilling solutions to the global oil and gas industry, has launched its HyPR HoleSaver in the Middle East.