The four harbours will see the construction of 1,000 berths for private ships and boats in view of the growing demand for berthing facilities in Qatar
Source: New feed
January Construction Starts Jump 12 Percent
The value of new construction starts in January climbed 12% to a seasonally adjusted annual rate of $690.2 billion, according to Dodge Data & Analytics.
Source: New feed
Damac Properties launches investor relations app
The Damac IR App will enhance the company?s communication with stakeholders on the go, with financial information available in an easy to navigate platform
Source: New feed
Drake & Scull’s project backlog stands at $2.18bn
With a backlog of approximately $2.18bn, and an annual burn rate in the region of $820m, Drake & Scull has more than two years of secured projects
Source: New feed
Drake & Scull CEO attributes loss to legacy issues
The $214.4m net loss recorded by Drake & Scull International in 2016 was largely the result of legacy issues outside of the UAE, according to CEO, Wael Allan
Source: New feed
First phase of Dubai public smart parking complete
Parking lots in Al Rigga and World Trade Centre have been converted into smart parking zones, which aims to provide information of vacant parking slots via the RTA app
Source: New feed
Ford invests in Argo AI for autonomous vehicles
Ford will invest $1bn over the next five years in Argo AI, an artificial intelligence startup founded by former Google and Uber leaders, for its autonomous vehicles
Source: New feed
Arabtec gets regulatory nod for recapitalisation
The approval is subject to the completion of Arabtec’s 2016 full-year financial audit and final approval from the regulator
Source: New feed
Hotel chain plans women-only resort in Doha
The hotel operator also plans to expand further into the GCC market, with plans to build more hotels in Dubai, Abu Dhabi, Saudi Arabia and Oman
Source: New feed
Dentons appoints Alistair Young to its Dubai team
Young will primarily lead Dentons’ UAE disputes practice, and later on the wider Middle East disputes practice from 1 May, 2017
Source: New feed