Saudi Oger has been hit hard by a slowdown in the kingdom’s construction sector due to low oil prices and state spending cuts
Source: New feed
Emicool wins district cooling contract from Damac
Emicool has been awarded a 25-year concession contract as the exclusive district cooling supplier for the Akoya by Damac development in Dubai
Source: New feed
UAE: Damac reports 27% fall in H1 2016 net profits
During the first six months of 2016, the developer recorded revenues of $898m (AED3.3bn)
Source: New feed
RTA approves plan to grow Dubai Taxi fleet by 40%
Dubai?s Roads and Transport Authority has approved a five-year plan to grow the size of Dubai Taxi Corporation?s fleet to 7,000 vehicles, an increase of 40% on 2015 figures
Source: New feed
Al Meera records $28.1m net profit in H1 2016
Al Meera’s expansion strategy is paying dividends as it records 10.6% increase in sales for H1 2016, with QAR 102.4mn net profit
Source: New feed
Hill founder Irvin Richter steps down as chairman
Irvin Richter, who founded Hill in 1976, will continue to serve as a member of the Board of Directors and has also been given the title chairman emeritus
Source: New feed
Khalifa Stadium achieves 1 million safe man-hours
An event was held at the Khalifa International Stadium ? Aspire Zone Energy Centre precinct to celebrate the landmark achievement of more than one million man-hours without Lost Time Accidents
Source: New feed
Nakheel releases tenders at Dubai sites
Nakheel has sought for companies to tender for various work at its developments in Dubai
Source: New feed
UAE: Arabtec's H1 loss narrows down to $62m
Arabtec has been struggling with a difficult industry environment as Gulf economies slow and governments restrain spending because of low oil prices
Source: New feed
Sharjah Ruler approves 9.9ha cattle market project
Approvals were received following the preparation of designs, consultant commissioning, and commencement of site studies for the project
Source: New feed