In May, shareholders at the Milan-based oil and gas contractor voted to use capital reserves to cover a staggering $593m loss in 2017
Source: New feed
Author: constructionlead
Deal inked to beatify Dubai's urban spaces over next three years
The two organisations signed an MoU to establish ?strategic cooperation to implement public art projects? aimed at enhancing the city?s aesthetic environment
Source: New feed
Oman's Jusoor reports progress on two projects worth $5m
Jusoor Foundation has implemented projects including a drug rehabilitation unit and a sports centre
Source: New feed
DP World to start work on Mali logistics hub by 2019
DP World has signed a 20-year concession with the Republic of Mali to build and operate a 1000ha modern logistics hub
Source: New feed
Marafi, Khazaen Economic City to develop Oman's first dry port
Oman’s first dry port will be developed as part of the multi-phase Khazaen Economic City megaproject
Source: New feed
UAE property giants launch mega retail district at Dubai Creek
Emaar Properties and Dubai Holding have launched a mega-retail district at the heart of Dubai Creek Harbour
Source: New feed
Siemens secures DXB, DWC service contract
The German electronics giant will operate and maintain baggage cargo and air cargo systems at Dubai’s two main airports in an initial six year contract
Source: New feed
Q2 rents and sales prices fall in Abu Dhabi, JLL finds
Abu Dhabi apartment rents fell 2% on the second quarter of 2017, translating into a 99% year on year drop, the consultancy firm’s Q2 2018 report found
Source: New feed
Nakheel delivers $16m Pavilion at Dubai’s Badrah community
Nakheel has completed a retail pavilion for people living in its affordable housing community Badrah
Source: New feed
$69m Farishta Azizi to complete by year end
UAE-based Azizi Developments is set to complete its Farishta Azizi project by the end of the year
Source: New feed