Wednesday 13 November 2019

Penspen wins major Adnoc PMC framework agreement

Penspen, a major provider of engineering, project management, asset management and integrity services to the oil and gas industry, said it has secured a prestigious project management consultancy (PMC) framework agreement from the Abu Dhabi National Oil Company (Adnoc). The frame


Aldar's Q3 net profit surges 14pc, revenue hits $435m

Aldar Properties, a leading property development, management and investment company based in Abu Dhabi, today (November 12) reported a 14%  increase in its gross profit for the third quarter which rose to Dh662 million ($180 million) from Dh581 million ($158 million). Announ


MAG's Dubai luxury tower to be ready by April 2020

MAG Lifestyle Development (MAG LD), the property development arm of Dubai-based MAG Group Holding, said 65 per cent of the work has been completed on its new mixed-use project, MAG 318, which is on track for delivery in April 2020. A Dh550-million ($150 million) luxury residentia


Global heavyweights gear up for Big 5 Solar expo

Leading brands from around the world are set to gather at the Middle East’s only dedicated platform for solar solutions in construction, The Big 5 Solar, which kicks off in Dubai this month. Now in its third edition, the mega solar event runs at Dubai World Trade Centre fro


H+A Global wins Jeddah wellness project design contract

H+A Global, a multidisciplinary design firm specialising in healthcare, hospitality and residential design, said it has been signed up by Anfas Medical Care Health Group (AMCHG) to provide advisory, architecture, interior and landscape design services for its new wellness village project in Jed


Al Masaood’s PESD to highlight tech-driven energy solutions

Al Masaood’s Projects & Engineering Services Division (PESD) said it is highlighting the group's technology-driven energy solutions at the ongoing Abu Dhabi International Petroleum Exhibition and Conference (Adipec). Taking place under the patronage of HH Sheikh Khalifa B


L&T Valves showcases its expertise at Abu Dhabi expo

Indian multinational conglomerate Larsen & Toubro (L&T) has announced that one of its units, L&T Valves, is showcasing its cutting-edge innovations at the ongoing Abu Dhabi International Petroleum Exhibition and Conference (Adipec). A leader in flow-control solutions,


Ideal Standard to unveil innovative products at Dubai expo

Ideal Standard, a leading provider of innovative bathroom solutions, is launching a number of top-class product offerings, designed in partnership with top design studio Palomba Serafini Associati, at the Downtown Design 2019 expo in Dubai.   One of the region’s leadin


Masdar buys key stake in Indian clean-tech firm HFE

Abu Dhabi's future energy company Masdar has announced that it has acquired a major stake in leading Indian clean-tech company, Hero Future Energies (HFE). This is the second investment in HFE portfolio, following initial $125 million made by International Finance Corporation


Arzan plays key advisory role in sale of prime US property

Arzan Wealth, a Dubai-based advisory firm said it has successfully advised its clients on the sale of a fourth property from the Single Tenant Portfolio in US.   The Single Tenant Portfolio was acquired in June 2017, consisting of 6 single-tenant net-leased buildings with a

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