Saudi Aramco and Kellogg Brown & Root have reached a deal to develop an effective and reliable local supply chain in the Kingdom
Source: New feed
Month: August 2017
UAE’s Depa records 484% YoY net profit hike in H1 2017
Depa’s net profit soared to $30.8m (AED113.3m), up by 484% from last year?s $5.3m (AED19.4m), reportedly generating basic earnings per share of $0.05 (AED0.19)
Source: New feed
Five Chinese firms to invest $300m in Abu Dhabi's Kizad
The companies, from the Jiangsu province on China’s east coast, are involved in sectors ranging from power and metals to natural resources and banking
Source: New feed
ABB scoops $30m order for Iraq power plant
ABB has won an order to supply and install a substation at Rumaila power plant, located in the Basra region of southern Iraq
Source: New feed
Italian Construction Giant Merges With Veteran New York Firm
Through Halmar, Itinera aims to break into U.S. transportation market.
Source: New feed
Video: Aftermath of Torch Tower fire in Dubai
A video released by Dubai Media Office shows the impact of a fire that hit Torch Tower on 4 August, 2017
Source: New feed
Fire hits Dubai’s Torch Tower for second time in 30 months
Dubai Civil Defence evacuated the tower without any reported injuries, and brought the blaze under control approximately two hours after arriving at the scene
Source: New feed
UAE's Aldar reports 5% growth in gross profit for H1 2017
Aldar Properties’ gross profit for H1 2017 reached $351.2m, up by 5% compared to figures from the same period last year, which stood at $334.9m
Source: New feed
June Construction Starts Climb 4 Percent
New construction starts in June grew 4% from the previous month to a seasonally adjusted annual rate of $679.9 billion, according to Dodge Data & Analytics.
Source: New feed
First Half 2017 Commercial and Multifamily Construction Starts Reveal Mixed Pattern Across Top Metropolitan Areas
During the first half of 2017, eight of the top ten metropolitan markets for commercial and multifamily construction starts ranked by dollar volume registered decreased activity compared to a year ago, according to Dodge Data & Analytics.
Source: New feed