Construction
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Egypt’s $1bn Alexandria Metro to start construction in Q1 2020
The construction work in expected to be completed in two years over three phases. The Governor of Alexandria, Abdul Aziz Qansua, has...
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HH Sheikh Mohammed bin Rashid revamps Dubai Holding and Meraas leadership
Sheikh Ahmed bin Saeed Al Maktoum will temporarily oversee both companies as part of a fresh strategy. HH Sheikh Mohammed bin Rashid...
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Investcorp and China Everbright to enhance collaboration for investments in Greater China
The two companies exploring opportunities to establish a successor private equity fund to further access China’s technology sector . Bahrain-based alternative investment...
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Emirates REIT records 4% increase in total property income growth for Q3 2019
Group’s total property income increased from $52.1mn to $54.1mn. Emirates REIT, the world’s largest sharia-compliant real estate investment trust (REIT) has recorded...
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Etihad Esco to install solar plant at BITS Pilani Dubai Campus
The project will generate an estimated 750,000 kWh energy for the campus, annually, once completed. Etihad Energy Services Company (Etihad Esco) has...
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Drake & Scull Intl’s previous management hid $857mn in losses, fact-finding committee finds
15 criminal complaints filed; DSI committed to completing probe on misconduct by previous management. Drake & Scull International (DSI) has announced that...
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ECC appointed as main contractor for largest 3D printed project in the world
Al Warsan located project will span more than 640sqm and will be 9.5m in height, across two levels. Engineering Contracting Company (ECC)...
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COYO embeds ISO 19650 standard in Design Engineer Construct! learning programme
The ISO 19650 series is expected to be adopted by asset owners and construction clients globally. Education consultancy Class Of Your Own...
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GCC countries likely to introduce direct and indirect tax in the near future
Tax experts in the region have confirmed that new taxes are expected to be applied on wealth and property, as well on...
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Majid Al Futtaim pledges to stop single-use plastics by 2025
The pledge comes as part of the company’s move towards the creation of a circular economy and efforts to minimise its footprint...