The company?s net profit reached $10.9m (AED40m) in Q1 2018, compared to $8.7m (AED32m) Q1 2017
Source: New feed
Author: constructionlead
Construction of Ras Al Khaimah's Gateway Residences on track
Construction of Gateway Residences, a collection of low-rise waterfront apartments in Ras Al Khaimah, is proceeding as planned, developer RAK Properties confirmed
Source: New feed
Abu Dhabi’s Aldar Properties raises foreign ownership limit to 49%
The increase in Aldar’s FOL from 40% to 49% has been implemented by the Abu Dhabi Securities Exchange (ADX)
Source: New feed
Dubai to tap into $100bn video gaming industry with X-Stadium
A joint venture of Dubai Media Office and Tecom Group, the project has been endorsed by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai
Source: New feed
Oman fisheries ministry launches refrigerated fish truck
The Ministry of Agriculture and Fisheries has unveiled the first model of a refrigerated fish truck, as part of its Small Truck Support Project
Source: New feed
Wasl's Mandarin Oriental hotel in Dubai 74% complete
Source: New feed
IT operations at UAE's Al Naboodah Group Enterprises 99.8% virtualised
The construction giant’s work with Swiss technology provider, Veeam, has resulted in benefits such as capital expense savings worth $180,000, group chief information officer, Mario Foster, reveals
Source: New feed
EPC contract signed for $3.9bn Phase 4 of Dubai's MBR Solar Park
Shanghai Electric is the main contractor for Mohammed bin Rashid Al Maktoum Solar Park’s fourth phase, on which ground was broken last month
Source: New feed
Agenda for Dubai's MEFMA Confex 2018 revealed
MEFMA Confex Dubai 2018 will be held on 29 and 30 April, 2018, at the Address Hotel in Dubai Marina
Source: New feed
Volkswagen names new CEO as part of management overhaul
The change in leadership is in line with the manufacturer’s efforts to introduce extensive revisions to its management structure, in the wake of the diesel emissions scandal that has cost the company $30bn
Source: New feed