Friday 29 May 2015
 
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RTA spends $22bn on Dubai infrastructure projects

Dubai’s Roads and Transport Authority (RTA) said its expenditure on infrastructure projects executed in the last 10 years has topped Dh80 billion ($21.78 billion), with its assets standing at Dh85 billion ($23.14 billion). M

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Give flight slots or miss out on key Qatar projects: Al Baker

In handing out lucrative public procurement contracts, Qatar is likely to favour countries whose airports grant take-off and landing slots to state-owned Qatar Airways, its chief executive said on Tuesday. The remarks by Akbar al-

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China plans 1,000 projects worth $318 billion

China's state planning agency on Monday released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan ($317.75 billion) that it is inviting private investors to help fund, build and operate. The National De

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Sudan eyes Arab funding for real estate projects

Sudan's real estate sector has attracted investments worth $30 billion from the region and is now looking for more funding from Arab business groups in the construction projects, said a report. "We will be presenting a pa

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Oman to pump $6.5bn into water infrastructure projects

Oman is set to spend around RO2.5 billion ($6.5 billion) for the expansion and modernisation of the sultanate’s water infrastructure over the next 25 years, said a report. This comes as part of the government's ambitious

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Alabbar Energy to set up commissioning unit

Alabbar Energy and Sustainability Group (AESG), a leading consultancy in the Middle East, has expanded its portfolio of services with the setting up of a commissioning division. The new division will provide independent commission

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GCC completed projects to grow by 7.7pc

The GCC completed projects in residential, commercial, retail, medical, and education sectors are set to grow by 7.7 per cent from 2014 to hit $72 billion this year, according to a recent report. In the build-up to World Expo 2020

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Drake & Scull Q1 profit falls 38pc

Dubai's Drake & Scull (DSI) reported a 38 per cent drop in first-quarter profit on Thursday, missing an analyst's estimate as revenue fell, and it warned that difficulties in Saudi Arabia would affect its performance this year.

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Kipco Q1 net profit surges 17pc

Kuwait Projects Company (Kipco), the country's largest investment company, has registered a net profit of KD12 million ($40 million) for the first three months, up 17 per cent over KD10.3 million ($34.3 million) for the same period last year

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Bahrain developer sells key building plots

Ishbilya Village, a residential development for the middle income group in Bahrain, has announced the sale of all residential building (B3) land plots being developed as part of the second phase of the project. The project is bein

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