Magazines
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Volvo divests 25% stake in Deutz engines
German engine-maker to retain close relationship with Swedish giant while raising profile as independent manufacturer. Volvo CE has divested its entire stake...
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Renault-Nissan Alliance annual synergies rise 16% to $5.69bn
Sharing engineering, manufacturing, purchasing and development delivers continued benefits to alliance as it is joined by Mitsubishi Motors. The Renault-Nissan Alliance has...
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Mitsui-led consortium completes civil works at Oman projects
Consortium achieves major milestones at the Sohar 3 project and Ibri Independent Power Project. A consortium including Japan’s Mitsui & Company, Saudi...
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Carillion to exit three Mideast markets as CEO steps down
UK contractor to exit Saudi Arabia, Egypt and Qatar. The UK contractor Carillion has said it is pulling out of Saudi Arabia,...
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Dubai Ribbon of Light project ‘more than 50% complete’
Two-tower residential project designed by ARACO is being built in Dubai Silicon Oasis. Ribbon of Light, the two-tower residential project being constructed...
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UK agency to support British contractors on UAE projects
Kier and Carillion to get financial guarantees from UK export credit agency. The UK’s trade secretary, Liam Fox, has said that the...
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Dutco Balfour Beatty wins contract for DEWA HQ in Dubai
Utility provider awards $12.5m contract to DBB for shoring, dewatering, excavation and other works. Dubai Electricity and Water Authority (DEWA) has awarded...
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Azizi Developments launches $3.26bn project in Dubai
Azizi Riviera to be built within the Meydan One project near Dubai Water Canal. An AED12 billion ($3.26bn) project patterned after French...
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Cityland Group secures $142m loan for Dubai mall
$330m Cityland Mall project gets financial backing from consortium of banks led by Emirates NBD. Cityland Group, the UAE-based real estate developer,...
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ECC wins contract for Mirdif Hills project in Dubai
Development has three plots; each will take 24 months to complete. Engineering Contracting Company (ECC) has announced that it has secured the...