Tuesday 20 August 2019

Gulf Dredging and General Contracting wins Kuwait tender

Heavy Engineering Industries and Shipbuilding (HEISCO) said one of its subsidiaries, Gulf Dredging and General Contracting Company, has been awarded a tender worth KD5.7 million ($18.67 million) by Kuwait’s Electricity and water Ministry.   HEISCO is a maj


Dewa releases 6th annual sustainability report

Dubai Electricity and Water Authority (Dewa) has issued its 6th annual Sustainability Report, summarising the utility firm's efforts to promote social and economic sustainability as well as provide a sustainable model for energy and water.  


Turkish group Oyak inks deal to acquire British Steel

Oyak, the biggest complimentary pension fund in Turkey, said one of its units, Ataer Holding, has signed an exclusivity agreement to buy British Steel as part of its regional growth ambitions in the steel industry.   A major player in the EU region, British Stee


Arabtec Q2 net profit falls 47pc

Arabtec, a leading contruction group in the UAE, reported a net profit of Dh26.06 million ($7.24 million) for the second quarter of this year, a 47.26 per cent decline compared to Dh49.41 million in the same period last year.   The decline has been blamed on inc


IBC to acquire $5bn worth holiday homes in Dubai

UAE-based IBC Group has announced plans to acquire 10,000 premier properties in Dubai, to furnish and manage as holiday homes. The company said it has contracted Berkshire Hathaway HomeServices Gulf Properties on an exclusive basis to play an advisory brokerage role to assist in


Souk Okaz revamped for better tourist experience

The infrastructure of Souk Okaz, part of the annual Taif Season currently under way in Taif, Saudi Arabia, has been restructured to enhance the visitor experience and create a correlation between the elements and components of the market to boost tourism.   


Dewa to highlight best solutions in clean energy at key events

Dubai Electricity and Water Authority (Dewa) is organising the 21st Water, Energy, Technology, and Environment Exhibition (Wetex) from October 21 to 23 at the Dubai International Convention and Exhibition Centre. Wetex 2019 will feature the latest solutions and innovative technol


Hormann announces new speed rolling shutter

Hormann, a leader in construction supplies industry, has launched an all new experience DD S6 rolling shutter whose robust design is characterised by fast door opening for doors up to 7,500 mm width and 8,500 mm height.    It has a compact, space-saving des


FM Expo to focus on rapid changes in sector

FM Expo will return to Dubai next month with an updated product offering, innovative showcase features, and free-to-attend education sessions.   Now in its 14th edition, FM Expo will be held from September 17 to 19 at the Dubai World Trade Centre under the theme


NREC posts $21.7m H1 net profit

Kuwait-based National Real Estate Company (NREC), which is presently developing properties valued at over $2 billion in the Middle East and North Africa region, has reported a net profit of KD6.6 million ($21.69 million) for the first half of 2019.   The company

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