UAE developer Nakheel posts $718m H1 net profit
Leading UAE developer Nakheel has announced a net profit of Dh2.64 billion ($718.6 million) for the first six months of 2017 compared to...
Aurecon wins key Doha Metro project role
Global engineering and infrastructure advisory company Aurecon has been appointed by Qatar Rail as the design verification engineer on...
Saudi Arabia sets up commission to develop historic sites
Saudi King Salman bin Abdulaziz has decreed the establishment of renovation commissions tasked with the development of two of the most...
China seals $1.5bn Iran rail line electrification deal
Export-Import Bank of China (EXIM) signed a $1.5-billion deal to finance the electrification of a high-speed rail line between the...
Seef Properties' H1 net profit surges 16pc
Bahrain-based Seef Properties has registered a net profit of BD5.2 million ($13.7 million) for the first half of 2017, up 16 per cent...
Al Ghurair makes substantial power, CO2 reductions
Al Ghurair, the UAE-based industrial conglomerate, is registering substantial savings in power consumption and slashing an estimate of 10...
Union Properties names new CEO
Union Properties, one of the leading property investment developers in the UAE, has appointed Ahmed Yousef Abdulla Hussain Khouri as its...
New Saudi city to have 995,000 housing units
Saudi Arabia's new Al-Faisaliya city project is expected to provide 995,000 housing units and accommodate 6.5 million people by 2050,...
Petrofac wins $100m new contracts in Iraq
Petrofac, a leading provider of oilfield services, has secured a contract extension and a new award with a combined value of more than...
Kahramaa completes key substation for Qatar Rail
Qatar General Electricity & Water Corporation (Kahramaa) has announced the completion of the first electricity substation that serves the...
