Source: New feed
Drake & Scull obtains approval for capital restructuring scheme
The company?s share capital will be reduced from $626.2m to $155.5m on 2 October, making 1 October the entitlement date or the last day of trading before restatement
Source: New feed
RAK Properties to complete Northbay Residence tower by 2020
Comprising one-, two-, and three-bedroom apartments, as well as duplex units, the tower will be built within RAK Properties’ Hayat Island master development
Source: New feed
Swiss-Belhotel to open first hotel in Makkah by 2018
Swiss-Belhotel International (SBI) has signed a deal to open the Swiss-Belhotel Al Aziziya Makkah in Saudi Arabia by 2018, the first to open in the holy city
Source: New feed
Saudi Aramco to sign deal with Russian Sibur for JV project
Saudi Aramco and Russian petrochemical producer Sibur Holding are in talks to potentially form a joint venture to make synthetic rubber in the kingdom
Source: New feed
ADM begins road works on new exit point, road improvements
Construction works on an additional exit point for Al Bahr Towers in Abu Dhabi will begin soon, according to The Urban Planning and Municipalities Department of Abu Dhabi City
Source: New feed
EFS Facilities Services project wins worth $272m in 2017
EFS on target to achieve revenue growth of 26% amidst considerable global headwind
Source: New feed
UAE launches $136m Mars Science City project
The city will simulate the red planet?s terrain and harsh environment through advanced 3D printing technology and heat and radiation insulation
Source: New feed
Kuwait to launch three PPP projects in 2018
Authorities are in the final stages of financial closure for the three projects, a senior government official said
Source: New feed
Parsons appoints Dubai area manager for infrastructure, transport
Parsons has appointed Suad Khawaja as its Dubai area manager for infrastructure and transport
Source: New feed