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With $11bn (QR42bn) allocated in its 2017 budget, transport projects in Qatar represent 21.2% of the total budget for the year
Source: New feed

A joint venture between Oman Shapoorji and Shapoorji Pallonji Mideast has broken ground on Majid Al Futtaim Properties? $39.5m My City Centre Sur mall project
Source: New feed

ALEC has been awarded the contract to build a $12m modular data centre complex at Dubai International Airport
Source: New feed

the company?s board is currently seeking shareholder approval for a AED1.5bn ($408.4m) rights issue to recapitalise the company, Reuters reports
Source: New feed

Eshraq posted a net loss of $156m (AED575m) for 2016 compared with a net profit of $435,611 (AED1.6m) a year earlier
Source: New feed

Leading commercial vehicle manufacturer Daimler nominates Bader Mohammad Al Saad, MD of the Kuwait Investment Authority, for a position on its supervisory board
Source: New feed

Phase 2 of Dubai Science Park will house offices, showrooms, laboratories, function areas, and logistics centres, all in one space
Source: New feed

Arabtec has enlisted the assistance of boutique investment bank, Moelis, to study options for its capital structure, anonymous sources have told Reuters
Source: New feed

Huang Haibo has replaced Yu Chuanfen as president of Chinese construction equipment manufacturer, LiuGong Machinery
Source: New feed

City Tools, an automatic and robotic interactive system, was also inspected as part of the recently inaugurated museum’s tour
Source: New feed