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FTSE Russell raises Drake & Scull’s weight on index

Drake & Scull International (DSI) has announced that the foreign ownership limit (“FOL”) used to calculate its free float weight on the FTSE Russell Index has been increased to 39%

ACWA Power has awarded an EPC contract to China’s Chint Group for three solar photovoltaic power plants in Benban, Egypt

NEWS

UAE's ERC to carry out school restoration project in Yemen

The Emirates Red Crescent Authority has signed an agreement to restore the lecture halls at the College of Oil and Minerals in Shabwah, Yemen

The Residential REIT's portfolio includes properties in Abu Dhabi's Al Reem Island and Saadiyat Island, as well as Al Hamra Village in Ras Al Khaimah, and Dubai Motor City

Three real estate projects worth a total of $735m (AED2.7bn) have been announced in Sharjah, developed as a joint venture between Sharjah Investment and Development Authority (Shurooq) and Abu Dhabi-based Eagle Hills

NEWS

CW Oman Awards 2018: KEO director on winning 2016 Project Manager honours

David Green, a project director in KEO's design division, outlines the impact of being crowned Construction Week Oman Awards 2016's Project Manager of the Year

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LATEST COUNTRY NEWS

UAE's Lulu Group arm acquires Scottish hotel for $120m

Twenty14 Holdings (T14H) has completed a $120m acquisition of the Waldorf Astoria Edinburgh - The Caledonian and will invest in further enhancements of the hotel's interiors

Serco ME wins contract extension by Sharjah Civil Aviation

Sharjah DCA extends contract with Serco ME by one year effective from March this year.

World’s first 'wind-free' AC launched in Saudi Arabia

The world’s first 'wind-free' wall-mounted air-conditioner was launched at the HVACR Expo, which is currently underway in Jeddah

Volvo to launch own brand of rigid haulers

Volvo is set to enter the rigid hauler market with a complete Volvo-branded range comprising four machines, starting at the 45-ton R45D and extending up to the flagship 100-ton R100E

Commercial plots launched for Oman's Al Waha project

Oman-based real estate company Alargan Towell has announced the release of commercial plots for the Al Waha residential project, located in the Wilayat of Barka in the Sultanate

UK-based construction giant Carillion confirms liquidation

Carillion's board concluded it "had no choice but to take steps to enter [...] compulsory liquidation"

Volvo to launch own brand of rigid haulers

Volvo is set to enter the rigid hauler market with a complete Volvo-branded range comprising four machines, starting at the 45-ton R45D and extending up to the flagship 100-ton R100E

3D modelling is reshaping the Gulf's prefabrication sector

3D-modelling is the backbone of the prefabrication business, Off-Site Engineering's Patrick O'Callaghan tells Construction Week

Bahrain's $5.2m Wali Al Ahad Highway expansion 60% complete

Eastern Asphalt and Concrete is working on the development, which entails the highway's expansion to include three lanes in each direction

Volvo to launch own brand of rigid haulers

Volvo is set to enter the rigid hauler market with a complete Volvo-branded range comprising four machines, starting at the 45-ton R45D and extending up to the flagship 100-ton R100E




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