Sunday 25 June 2017

Abu Dhabi building material prices down in May

The prices of building materials in Abu Dhabi, UAE, last month saw substantial change, with average prices of items in 16 categories witnessing a sharp fall compared to the same period last year, according to a report. The report was part of the monthly publication of Building Ma


UAE developer Five Holdings unveils new hospitality brand

Dubai-based Five Holdings, a real estate development and hospitality group (previously known as Skai Holdings), has launched Five Hotels & Resorts, a new luxury hospitality brand, under its subsidiary Five Hospitality. Five Hotels & Resorts will manage Five Holdings&rsquo


Dodsal wins $1.1bn Algeria energy project contract

The Dodsal Group, a Dubai-based business conglomerate currently operating in countries across the Middle East and North Africa (Mena), East Africa and India, has been awarded a  $1.1-billion engineering, procurement and construction (EPC) by Sonatrach, Algeria's state energy producer,


Adnoc opens new aviation fuel facility in Abu Dhabi

The Abu Dhabi National Oil Company (Adnoc) has opened a key aviation fuel facility at Abu Dhabi International Airport built at a total investment of Dh750 million ($204.19 million), said a report. The North Depot will provide up to 6.5 million litres of fuel per hour through a ba


Farnek renews BICSc accreditation programme

UAE-based Farnek, a leading provider of total facilities management, said it has renewed its accreditation programme with the British Institute of Cleaning Science (BICSc), an independent, professional and educational body in the cleaning industry. The overall objective of BICSc


French energy giant Engie buys 40pc stake in Tabreed

French energy giant Engie said it has become global leader in the independent district cooling sector with the acquisition of a 40 per cent stake in UAE-based National Central Cooling Company (Tabreed) for Dh2.8 billion ($762.3 million) from Abu Dhabi-based strategic investment company Mubadala


Oman to name consultants for its first coal-fired IPP

Oman Power and Water Procurement Company (OPWP) is likely to soon appoint consultants to provide advisory services covering the financial, commercial, technical and legal aspects of developing the sultanate’s first coal-fired independent power project (IPP), said a report.


Greenline Interiors wins $38m GCC hotel projects

UAE-based Greenline Interiors (GLI), a key provider of turnkey solutions to hospitality and residential sectors, said it has won Dh140 million ($38 million) worth of contracts for two key hotel projects in the GCC region, namely Wafi Hotel in Dubai (UAE) and Shaza Hotel in Riyadh (Saudi Arabia)


Drake and Scull set to sign three new projects

Dubai-based building contractor Drake & Scull International is close to signing three new projects including a wastewater treatment plant, said a Reuters report citing the company's chief executive.   The other two projects are in the mechanical


Oman's SPMP inks antimony supply deal with Traxys

Oman-based Strategic & Precious Metals Processing (SPMP) has signed a multi-year agreement with Traxys Europe, a physical commodity trader and merchant in the metals and natural resources sectors based in Luxembourg, for the supply of antimony gold concentrates to its Oman Antimony Roaste

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