Wednesday 23 August 2017
 
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Union Properties takes $762m provisions

Union Properties (UP), one of the leading property investment developers in the UAE, has taken provisions of Dh2.8 billion ($762 million), resulting in a second quarter net loss of Dh2.3 billion ($626.19 million). Following a thor

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$80bn projects in pipeline for Bahrain

With $80 billion of projects either under way or planned, Bahrain’s economy is set to be powered by large-scale infrastructure projects in the years to come, a senior Economic Development Board (EDB) adviser told the Gulf Daily News

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UAE leads in biggest commercial projects in GCC

The UAE dominates the top 10 commercial and retail projects in the GCC in both estimated value and number of projects, according to a new study. Four out of the five UAE-based projects are being developed in Dubai, making it the c

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UAE leads in biggest commercial projects in GCC

The UAE dominates the top 10 commercial and retail projects in the GCC in both estimated value and number of projects, according to a new study. Four out of the five UAE-based projects are being developed in Dubai, making it the c

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French companies consider investment in Iran projects

A large number of French companies have shown interest in investing in Iran's economic development projects, announced a senior trade official. French companies are eagerly looking for investment opportunities in the Iranian m

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Kuwait projects implementation slows in Q2

The pace of project implementation in Kuwait cooled somewhat in the second quarter (Q2) of this year as bidding on major projects faced some delays, said a report. Contracts worth KD600 million ($1.989 billion) were awarded in Q2,

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UAE transport projects’ value hits $87bn

The total value of 481 active transport projects in the UAE exceeded Dh321.49 billion ($87.6 billion) in the first half of 2017, according to a report. Of these, 364 projects with a combined value of $36.5 billion are road project

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Ashghal seeks bigger local participation in projects

Qatar’s Public Works Authority (Ashghal) has invited more local manufacturers and small and medium enterprises (SMEs) to participate in the various infrastructure projects being implemented in the country, said an official.

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Bahrain's road, sewerage projects on track

Work is progressing well on a project linked to the paving of dirt roads at Road 1409 in the Salmabad area of Bahrain, said a statement from Ministry of Works, Municipalities Affairs and Urban Planning. The scope of work includes

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Masdar, Indonesian firm sign deal for renewable projects

Abu Dhabi's renewable energy company Masdar and PT Pembangkitan Jawa-Bali (PT PJB), a leading Indonesian power company, have signed a memorandum of understanding (MoU) to explore areas of collaboration in the renewable energy sector in Indon

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