The company registered profits of $48m (AED175.3m) for the second half of 2016, compared with $41m (AED150.7m) for the same period in 2015
Source: New feed
Author: constructionlead
Abu Dhabi Airports awards car park contract at MTC
Zone Parking Solutions will be responsible for the design, supply, installation, operation, and maintenance of MTC?s car park
Source: New feed
Projects worth $231m underway at Ibn Battuta Mall
Part of a phased expansion plan for the mall, the projects include a 55-storey residential tower, 16-screen cinema complex, multi-storey car park and retail expansion
Source: New feed
IFMA, RICS launch FM event for first time in Dubai
The event will bring together senior level FM experts, strategies and solutions in an interactive, one-day learning and networking event at the Shangri-La, Dubai
Source: New feed
Arkan reports a drop of 25% in 2016 profits
Heavy rainstorm in March 2016 caused an exceptional loss related to damage for the company which impacted it net profit earnings
Source: New feed
Qatar: 11% increase in building permits
Despite a slowed economy, the number of building permits issued in Qatar is on the increase, according to a monthly report put out by the Ministry of Development Planning and Statistics
Source: New feed
Fire-hit Address to open in 2017, Alabbar says
The hotel, which caught fire in 2015 due to an electrical fault, is being rebuilt by Dubai-based contractor, Dutco
Source: New feed
Emaar announces 28% YoY net profit hike in 2016
Recurring revenues from Emaar’s shopping malls, hospitality, entertainment, and leisure businesses was "similar to 2015" despite The Address Downtown Dubai’s redevelopment works
Source: New feed
Interserve MENA chief hopeful of Saudi FM's growth
Saeed Ahmed believes Saudi Arabia’s FM market will expand on the back of the country’s property sector ambitions and increased awareness about the benefits of FM
Source: New feed
Bahri wins Saudi Rail Company logistics contract
Saudi Rail Company has enlisted Bahri to provide transportation and shipping services, and to deliver customs clearance support through its Bahri Logistics business unit
Source: New feed