Friday 29 August 2014
 
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Projects

UAE working on new projects in Palestine

The Emirates Red Crescent (ERC) is presently working on a number of development projects worth Dh53 million ($14.4 million) in the occupied Palestinian territories, said a report. These include health, educational, religious and d

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Qatar inks $170m Morocco projects

Qatar has signed a grant agreement with Morocco for the financing of two development projects in the country worth $170 million, said a report. The first project, for the development of pastures and organising movement in desert a

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Tasweek plans projects in Thailand, Indonesia

Abu Dhabi real estate company Tasweek has announced plans to start key projects in Thailand and Indonesia during the first half of 2015. Tasweek’s expansion into Thailand and Indonesia follows residential and hospitality dev

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Saudi firms to face action for delayed projects

Punitive action will be take against companies that do not stick to schedule in implementing contract-based projects in Saudi Arabia, said a report. Makkah’s Governor Prince Mishaal bin Abdullah has formed a projects committ

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Construction projects worth $212bn under way in UAE

The volume of announced and planned projects in the UAE in 2014 is expected to be worth $315 billion, and as of May 2014, $212 billion worth of construction projects were under construction, a new report said. The UAE’s cons

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Bahrain approves $1.6bn infrastructure projects

Bahrain has approved 674 new infrastructure projects this year, worth BD640 million ($1.6 billion), it was revealed. The projects are part of plans for major urban development with improved sustainable infrastructure, said a repor

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Bahrain approves $1.6bn infrastructure projects

Bahrain has approved 674 new infrastructure projects this year, worth BD640 million ($1.6 billion), it was revealed. The projects are part of plans for major urban development with improved sustainable infrastructure, said a repor

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Kuwait eyes $28bn PPP projects in new plan

Kuwait plans to establish public - private partnership (PPP) projects worth KD8 billion ($28.17 billion) under the new five-year development plan announced recently. The Kuwait Development Plan (KDP) for 2015-2020 will also focus

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Drake & Scull profit, revenue drop in H1

Drake & Scull International (DSI), has reported total revenues of Dh2.353 billion ($640.62 million) and a  net profit of Dh71.7 million ($19.52 million) for the first half of 2014, representing a top line and bottom line decrease of 8.3

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HUGE JUMP: GCC infrastructure deals to soar 80pc

Infrastructure project awards across the six Gulf Cooperation Council (GCC) states are forecast to exceed $86 billion in 2014, an increase of 77.8 percent over 2013, a new report has said. New figures released by construction inte

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