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Indian giant to buy majority stake in UAE's Union Cement for $305m India's Shree Cement will acquire a majority stake in the UAE's listed company, Union Cement [representational image].

Indian giant to buy majority stake in UAE's Union Cement for $305m

Shree Cement announced that it would acquire at least 92.83% of Union Cement's equity in a transaction that would take nine months to complete


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Big 5: Five minutes with Bashar Abou-Mayaleh, CIC

Big 5: Five minutes with Bashar Abou-Mayaleh, CIC

Bashar Abou-Mayaleh, managing director of Concrete Industries Complex, discusses demand for his group’s concrete-related products and services in the Middle East
 
Steel experts present anti-counterfeit measures to GCC contractors

Steel experts present anti-counterfeit measures to GCC contractors

In an open conference held at ADIPEC 2017, members of the Steel Alliance Against Counterfeiting presented a series of anti-counterfeit measures to regional delegates
 
Dubai's RTA mulls 3D-printed transport infrastructure

Dubai's RTA mulls 3D-printed transport infrastructure

RTA revealed that joint venture agreements have been signed with "flagship companies" to support the 3D printing of pedestrian bridges and marine transport stations
 
Oman income tax law change slashes 60% of Raysut Cement's profits

Oman income tax law change slashes 60% of Raysut Cement's profits

A 3% increase in the sultanate's income tax rate, announced earlier this year, reduced the cement giant's nine-month profits from $43m in 2016 to $17.5m in 2017
 

 

Guardian to supply glass for Jeddah Tower

Guardian to supply glass for Jeddah Tower

Guardian Glass won contract to supply façade glass for Saudi’s Jeddah Tower project
 
Japanese firm wins supply contract for Kuwaiti desalination plant

Japanese firm wins supply contract for Kuwaiti desalination plant

Doosan Heavy Industries and Construction has enlisted Japan’s Asahi Kasei to supply the pre-treatment membrane for Kuwait’s Doha Phase 1 desalination plant
 
Alba records Q3 production growth despite nine-month decline

Alba records Q3 production growth despite nine-month decline

The company's nine-month sales and production volumes respectively dropped by 2.4% and 1.9% in the aftermath of a power outage at one of its facilities this April
 
Bahrain's Alba appoints new chief admin officer

Bahrain's Alba appoints new chief admin officer

Walid Tamimi was named chief administration officer of the Bahraini aluminium company following a board meeting
 
Five minutes with: Antti Rousku, Peikko

Five minutes with: Antti Rousku, Peikko

Speaking ahead of CW’s Leaders Kuwait 2017, Peikko’s Antti Rousku offers his assessment of the Kuwaiti construction market
 
Hormann launches thermal insulated industrial doors in UAE

Hormann launches thermal insulated industrial doors in UAE

Thermal insulation reduces the building’s energy consumption, consequently lowering heating costs and carbon emissions
 
ADM cracks down on illegal dumping of construction waste

ADM cracks down on illegal dumping of construction waste

Abu Dhabi City Municipality has issued $190,000 worth of fines for the illegal dumping of construction and sewage waste
 
Bahrain’s Alba Line 6 expansion to pour first hot metal by 2019

Bahrain’s Alba Line 6 expansion to pour first hot metal by 2019

Aluminium Bahrain has announced that it expects the pouring of the Alba Line 6 expansion’s first hot metal to take place by 1 January, 2019
 
Otis wins 445-unit deal for Saudi Arabia's Riyadh Metro

Otis wins 445-unit deal for Saudi Arabia's Riyadh Metro

Otis will supply 256 escalators, six moving walkways, and 183 machine room-less elevators with travel speeds of up to 1m per second
 
Lessons from London's 2017 Grenfell Tower fire

Lessons from London's 2017 Grenfell Tower fire

In a ConstructionWeekOnline exclusive, Irving Schnider outlines the key lessons that the GCC's construction sectors can learn from the London fire this June
 



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