Friday 11 July 2014
 
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Dubai property slowdown continues in Q2

The residential sales performance in Dubai saw a continued slowdown in the second quarter of the year, with only a marginal growth of six per cent and three per cent for apartments and villas respectively, according to an Asteco report.   The latest Asteco marke

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Saudi invites bids for $16.5bn Makkah metro project

Saudi Arabia has invited bids for the $16.5 billion Makkah Metro project, which involves construction of 88 train stations, including 22 underground depots, which will be fully operational in 2020 A total of 10 consortiums are vying for the first phase of the project involving ci

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Drake inks India wastewater plant contract

Drake & Scull International (DSI) said its German subsidiary Passavant Energy & Environment has won two contracts worth Dh 103 million ($28 million) for the construction and operation of two wastewater treatment plants in India. The winning of the new contracts for Amrits

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Limitless' Russian project clinches key award

Dubai-based Limitless said its joint venture community project in Russia, Zagorodny Kvartal, has been crowned “Best Low Rise Development in Moscow” at the 2014 Real Estate Market Records Awards. A joint venture between Dubai’s Limitless and Moscow’s RDI, Z

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Galfar wins major Oman road contract

Oman's Galfar Engineering has won a 40.48 million rial ($105.14 million) road building contract in the country's Dhofar region, the company said in a bourse statement on Sunday. Galfar Engineering stocks rose 1.2 per cent after the contract win annoucnement. The

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Major sanitary project completed in Bahrain

Bahrain’s Ministry of Works has completed the implementation of the sewerage network in Block 711 in Tubli, said a senior executive.   The ministry’s Sanitary Engineering Planning and Projects director Asma Murad revealed that the BD2.9 million ($7.8

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Saudi's Emaar EC port unit agrees $1.4bn capital hike

Emaar Economic City said on Sunday shareholders of its Port Development Company subsidiary agreed to an increase in capital to 5.21 billion riyals ($1.39 billion) to help finance the expansion of the kingdom's first privately-owned port. Shareholders agreed the capital increa

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RTA completes $109m internal road works

The Dubai Roads and Transport Authority (RTA) said it has completed the construction of internal roads stretching 193 km in nine residential communities built at a cost of Dh400 million ($109 million). The areas of work include Hatta, Al Quoz 2, 3 & 4, Khawaneej 1, and Barsha

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UAE group inks Etihad Rail contract

Abu Dhabi-based Western Bainoona Group (WBG), a leading producer and seller of quarry products, has signed a deal with Etihad Rail, the developer and operator of the UAE’s national railway network, to utilise its services for its construction projects. As per the MoU, WBG w

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Tarmac Mideast seals key Etihad Rail contract

Tarmac Middle East, one of the largest and leading suppliers of aggregates and asphalt in the region, has signed a deal with Etihad Rail, the developer and operator of the UAE’s national railway. As per the MoU, Tarmac Middle East will utilize Etihad Rail operations for the

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