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ASRY snaps up Kuwait Oil Tanker tender for 6 giant oil tankers

The Arab Shipbuilding and Repair Yard Company (ASRY) has announced that it had recently won a regional tender launched by the Kuwait Oil Tanker Company (KOTC) to carry out docking and maintenance work...

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Bluewater Bio wins Bahrain wastewater plant upgrade deal

Bluewater Bio one of the fastest growing water technology companies in Europe has secured a major contract to provide EPC (engineering procurement and construction) services as well as technology supply...

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NMDC records solid net profit in Q1, revenue soars to $1.4bn

NMDC Group a leader in engineering procurement construction and marine dredging has reported solid growth for the first quarter with a 112% increase in net profit which rose to AED641 million ( 174 million)...

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MEA fit-out costs resilient; marginal 3pc growth seen: JLL

While average fit-out costs across global markets have risen significantly year-on-year amid ongoing cost challenges and a complex macroeconomic environment the construction sector in Middle East and Africa...

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Egis takes over British property consultancy Thomas & Adamson

Egis a leading global architectural advisory consulting construction engineering and operating firm has announced the strategic acquisition of Thomas & Adamson a renowned property and construction cost...

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Arada launches new hospitality and entertainment division

Leading Sharjah developer Arada has consolidated its lifestyle assets into a separate division with new leadership as it continues to see healthy growth outside its core residential business. The new Hospitality...

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Brookfield buys controlling stake in GII logistics platform

Brookfield Asset Management today (May 2) announced that it has reached an agreement with Gulf Islamic Investments (GII) a leading Shari ah-compliant global alternative investment company to acquire a...

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Serco appoints new Head of Operations for West Coast, KSA

Serco has announced the promotion of Kate Fleetwood to the role of Head of Operations for the West Coast of the Kingdom of Saudi Arabia. The promotion of Fleetwood into this newly created role reaffirms...

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EGA acquires top European speciality foundry Leichtmetall

The Emirati group had in March announced its intention to acquire Leichtmetall from Leichtmetall Holding a subsidiary of an investment fund managed by Quantum Capital Partners. The transaction has now...

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Bahrain floats tender for Hawar reverse osmosis desal plant

Bahrain s Electricity and Water Authority (EWA) has floated a tender for the construction of a new seawater reverse osmosis (SWRO) desalination plant on the Hawar Island in the southeastern coast of the...

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Tecom Q1 net rises 15% to $79m, occupancy at record

Tecom Group the creator of specialised business districts and vibrant communities has posted 15% year-on year (YoY) rise in net profit to AED290 million ( 79 million) for the first quarter as occupancy...

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Geberit celebrates 150 years of innovation and sustainability

Geberit the European leader in sanitary products and systems commemorated a significant milestone as it celebrated its 150th anniversary a testament to its enduring legacy of innovation and pivotal role...

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Engie achieves key safety milestone at Yanbu 4 IWP site

Engie a global leader in low-carbon energy and services today (May 2) announced that it has achieved a major safety milestone at the Yanbu 4 Independent Water Project (IWP) by clocking 24 million safe...

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Stella Stays boosts Riyadh presence with two new buildings

Stella Stays a leading proptech company offering customer-centric technologically-supported living spaces said it has recently signed contracts for two new buildings in Riyadh. These properties located...

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Oman inks $862m residential neighbourhood project deals

Omani authorities have announced that partnership agreements worth RO333 million ( 862 million) have been sealed with leading developers for setting up residential neighbourhoods across the sultanate....

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One Za’abeel launches dual licensed office space at Dubai tower

One Za abeel the iconic mixed-use development developed by ICD (Investment Corporation of Dubai) has announced the launch of The Offices its ultra-luxurious dual licensed corporate office spaces within...

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