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Italian contractor Saipem posts loss of $2.4m in Q1 2018 Saipem is involved in oil and gas projects across the Middle East.

Italian contractor Saipem posts loss of $2.4m in Q1 2018

The company's Q1 2018 performance marks an improved financial performance following the $331m loss reported in Q4 2017


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KEF Holdings appoints new chief executive officer

KEF Holdings appoints new chief executive officer

KEF Holdings has named Richard Pattle as the company’s new chief executive officer and board member
 
Video: Construction Week In Focus – Saudi Arabia market update

Video: Construction Week In Focus – Saudi Arabia market update

How can construction companies succeed in Saudi Arabia's new project sectors? Watch the latest episode of Construction Week In Focus to find out
 
UAE’s Union Cement Company to delist shares from ADX

UAE’s Union Cement Company to delist shares from ADX

India's Shree Cement announced in January its intention to buy a majority stake in UCC, subject to the latter's conversion into a private joint stock company
 
Construction Week launches podcast series for Middle East professionals

Construction Week launches podcast series for Middle East professionals

Construction Week has launched a podcast series dedicated to industry professionals in the Middle East
 

 

CW Skills Gap Survey now closed, results imminent

CW Skills Gap Survey now closed, results imminent

The Construction Week Skills Gap Survey is now closed
 
Top 10 engineering jobs in the Middle East: 14-20 April, 2018

Top 10 engineering jobs in the Middle East: 14-20 April, 2018

Check out the top 10 engineering, contracting, and consulting jobs from the Middle East that you could apply for this week
 
Dubai records $15.7bn real estate deals in Q1 2018

Dubai records $15.7bn real estate deals in Q1 2018

Dubai Land Department said 13,759 real estate sales, mortgage transactions, and other deals took place in Q1 2018
 
Construction consultancy Driver Trett launches Kuwait office

Construction consultancy Driver Trett launches Kuwait office

The Kuwait arm of the construction consultancy is expected to help the firm more easily conduct business in the country
 
Dubai developer Deyaar reports 25% growth in Q1 2018 net profit

Dubai developer Deyaar reports 25% growth in Q1 2018 net profit

The company’s net profit reached $10.9m (AED40m) in Q1 2018, compared to $8.7m (AED32m) Q1 2017
 
Abu Dhabi’s Aldar Properties raises foreign ownership limit to 49%

Abu Dhabi’s Aldar Properties raises foreign ownership limit to 49%

The increase in Aldar's FOL from 40% to 49% has been implemented by the Abu Dhabi Securities Exchange (ADX)
 
Oman fisheries ministry launches refrigerated fish truck

Oman fisheries ministry launches refrigerated fish truck

The Ministry of Agriculture and Fisheries has unveiled the first model of a refrigerated fish truck, as part of its Small Truck Support Project
 
IT operations at UAE's Al Naboodah Group Enterprises 99.8% virtualised

IT operations at UAE's Al Naboodah Group Enterprises 99.8% virtualised

The construction giant's work with Swiss technology provider, Veeam, has resulted in benefits such as capital expense savings worth $180,000, group chief information officer, Mario Foster, reveals
 
Are contractors ready to build Saudi Arabia’s future infrastructure?

Are contractors ready to build Saudi Arabia’s future infrastructure?

The pace of development shows no signs of slowing down in Saudi, which looks set to present new types of projects for construction contractors, Neha Bhatia reports
 
Liebherr posts highest-ever turnover despite Middle East revenue drop

Liebherr posts highest-ever turnover despite Middle East revenue drop

The Swiss manufacturer said its Africa, and Near and Middle East revenue "recorded a fall last year", adding that demand within its concrete technology division "slowed at times to a complete halt" in Saudi Arabia, Egypt, and Algeria
 
Egypt contractor Orascom's 2017 income jumps 112% to $104m

Egypt contractor Orascom's 2017 income jumps 112% to $104m

Orascom's pro forma backlog and new awards, including the group’s 50% share in Besix, totalled $6.4bn and $3.5bn respectively, as of 31 December, 2017
 



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