Mabanee Company to issue dividends totaling $46.7mn

Mabanee Company, plans to distribute cash dividends worth $46.7m for the fiscal year (FY) 2019, representing 14% of the share’s nominal value....

DEWA sponsors UAE Inventors Society

Initiative makes it one of the biggest supporters of innovation in Dubai and the UAE says DEWA . The Dubai Electricity and...

Coronavirus: Bahrain to suspend collection of rents and allowances from tenants of municipal properties for three months

Initiative to begin from April 2020 and follows the directives of HRH Prince Khalifa bin Salman Al Khalifa, Prime Minister of Bahrain....

Coronavirus: Dubai Investment Parks initiates disinfection drive across all common areas of integrated community

Sanitisation and fogging activities were carried out to the highest international standards. Dubai Investments Park (DIP), the integrated commercial, industrial and residential...

APC signs agreement with SK Gas to build two new petrochemical facilities at a cost of $1.8bn

License agreements have also been signed with several firms for the procurement of necessary technology at the plants . Saudi-based Advanced Petrochemical...

Target Engineering awarded two contracts worth $57m

The firm is a wholly owned subsidiary of Arabtec Holding.. Target Engineering has won two key contracts worth $57m for projects in...

Arabtec restructures team, appoint new chief executive officer

Arabtec has appointed Wail Farsakh as chief executive officer and Najeh Awad as chief financial officer. Arabtec Holding has promoted its group...

Abu Dhabi National Energy Company in talks with ADPower for purchase of assets

TAQA’s board of directors have approved to acquire most of ADPower’s water and electricity assets. TAQA (Abu Dhabi National Energy Company) has...

Azizi Developments to deliver accelerated Aura project in JAFZA by Q2 2020

Developer is accelerating work on 479-unit residential development. Azizi Developments, the Dubai-based private developer, has announced that it has accelerated work on...

Coronavirus: Global equipment industry to lose 4% of total production

Study by Off-Highway Research says effect on production is less challenging than the lower demand expected for rest of the year ....

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