UAE MEP contractor eyes automation for growth

Automation can assist local energy-efficiency and sustainability goals, the general manager of Jumbo Engineering Limited told ConstructionWeekOnline
Source: New feed

UAE's Tabreed inks $412m Islamic finance deal

The finance facility, with a termination date of 2027, will refinance part of Tabreed’s senior bank debt, and "also provide some additional funds" for investment
Source: New feed

Fluor and Ma’aden sign Saudi project partnership deal

Irving, Texas, USA-headquartered global EPC and maintenance company Fluor Corporation has signed an agreement with Saudi Arabian Mining Company (Ma?aden) to support all its future projects within and outside the kingdom
Source: New feed

Damac clarifies role in $1bn Oman project

The project "has no significant effect on Damac Properties Dubai PJSC", the company said, adding it holds a 20% share in the JV that is working on the Omani development
Source: New feed

Board of Dubai's Damac names vice chairman

Farooq Arjomand, formerly Damac Properties’ non-executive director, has been named the company’s vice chairman, with Hussain Sajwani elected chairman during a board meeting
Source: New feed

Arabtec share prices drop after capital reduction

UAE-based contractor Arabtec saw its share prices drop nearly 9% on Wednesday on the first day of trading after the announcement of the company?s capital reduction came into effect
Source: New feed