‘Reckless’ Carillion’s overseas ventures were ‘largely disastrous’

Carillion’s forays overseas were largely disastrous, says a UK Parliamentary report looking at the collapse of the troubled contractor. Citing a 2011...

Construction

UK Government lacked ‘bravery’ as Carillion became a ‘time bomb’

A UK Parliamentary committee formed of MPs representing both Work and Pensions and BEIS (Business, Energy, Industry Strategy) has concluded that the...

Construction

DSI returns to profitablity as it posts net profit for quarter; reversing Q1 2017 losses

Drake and Scull International, the Dubai-based construction and engineering contractor, has achieved an overall net profit of $1.9 million for the first...

Construction

Arabtec’s Tyrwhitt warns clients should not treat contractors like ‘a bank’

Arabtec's chief executive Hamish Tyrwhitt has told Zawya that the contractor has removed 6,000 salary workers from its balance sheet in the...

Construction

PwC: Payment delays and funding biggest challenges facing infra contractors

PwC Middle East's latest Capital Projects and Infrastructure survey has found that the biggest external challenges facing contractors in the region are...

Construction

Interserve CFO: We have good track record with Middle East payments

The international support services and construction divisions of UK services company Interserve could be sold after the company recorded a £244 million...