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Dubai's Drake and Scull mulls share buyback

Contractor's shares have plunged 42 percent since the end of October as part of a panic sell-off in the Gulf triggered by falling oil prices  

NEWS

Omani/Spanish JV inks deal for $320mn pipeline

Orpic Logistics Company to be lead contractor for Muscat Sohar Product Pipeline project

Deal struck with Suez Environnement, through its subsidiary Degrémont, in consortium with its Japanese partner Marubeni Corporation to expand the Doha West wastewater treatment recycling plant

NEWS

Action Hotels buys $15.7mn Healthcare City plot

Plan to build a 240-room hotel for patients, friends and families

Revenues for the period totalled $35mn, reflecting continued quarter-on-quarter growth over the last nine months

Inkas Armoured Vehicles has revealed its intention to open the region’s largest armoured vehicles production facility in Dubai Investments Park (DIP), UAE

NEWS

IHCC to build 300-bed hospital in Ajman

Saudi German Hospital scheduled to open its doors in 2017

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LATEST COUNTRY NEWS

Aldar in talks to launch hotel in Kazakhstan

Company in final stage of negotiations with Starwood Hotels & Resorts on a 190-key hotel

Drake & Scull wins $22.4mn UAE healthcare project

The award boosts firm's total project awards in 2014 to $1.5bn and the total projects backlog to $4.1bn across MENA, Europe and Asia

In pictures: Volvo tackles The Empty Quarter

Watch how an army of close to 100 Volvo construction machines helped build one of the longest roads in the Middle East.

Up to 6,000 working on Grand Mosque Expansion

Infrastructure being prepared on eastern and western sides of mosque

GCC spends $25mn on Brazilian building imports

Brazil’s global building material exports hit $4.94bn with the UAE accounting for 57.4% of the total transactions

Phase One of new Muscat Airport opens

An Oman Air Airbus A330 landed on the runway at the new airport on Sunday

GCC spends $25mn on Brazilian building imports

Brazil’s global building material exports hit $4.94bn with the UAE accounting for 57.4% of the total transactions

Imdaad's Lootah takes top spot in fmME's Power 50

He was also awarded the 2014 fmME Lifetime Achievement Award.

Adhering to QICCA arbitration rules

Pamela McDonald is a solicitor at Pinsent Masons’ Qatar branch

FIFA rejects complaint over Qatar 2022 report

FIFA Appeal Committee said 42-page summary by independent judge Hans-Joachim Eckert was "neither legally binding nor appealable"

GCC spends $25mn on Brazilian building imports

Brazil’s global building material exports hit $4.94bn with the UAE accounting for 57.4% of the total transactions

Hajji Hassan Group nets $1mn Bahrain road work

Conglomerate will create a 1,400m one-way road in each direction; extending from Avenue 38 at the West towards the East (parallel to Wali Al Ahad Avenue)





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