Tuesday 21 February 2017
 
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Saudi Jazan Economic City work in full swing

State oil giant Saudi Aramco said construction is now in full swing at the Jazan Economic City (JEC) and also work is going at a steady pace at its refinery complex which is now about 70 per cent complete.   The massive projects coming up at Jazan in the southwest of Saudi A

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RAK Ceramics 2016 net profit plunges 37pc

UAE-based RAK Ceramics, one of the largest ceramics brands in the world, said its net profit for 2016 plunged 37.1 per cent to Dh216 million ($58.7 million) over last year amidst a challenging market environment. Announcing the results for the year ended December 31, 2016, RAK Ce

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Dubai buildings to get coloured solar panels

Coloured solar panels and photovoltaics from Emirates Insolaire, a joint venture of Dubai Investments and SwissINSO Holding, a Switzerland-based pioneer in solar technologies, will soon be installed on buildings across Dubai, UAE. Emirates Insolaire, which pioneered the Kromatix

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Work begins on Ibn Battuta Mall's latest $231m expansion

Master developer Nakheel has begun work on a new 55-storey residential tower, 16-screen cinema complex, multi-storey car-park and retail expansion – with a combined total project value of Dh850 million ($231 million) - at Ibn Battuta Mall in Dubai. The company has awarded a

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Bahrain presses on with key infrastructure projects

Work on major infrastructure projects in Bahrain, mostly linked to the kingdom's hospitality and luxury segment, will continue despite financial challenges, according to a report by leading property consultancy firm CBRE. According to figures released by Bahrain’s Econo

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ABB delivers substation for Dubai solar park

ABB has successfully energised a major substation that will help evacuate power from the  Mohamed Bin Rashid Al Maktoum (MBR) Solar Park in Dubai, UAE. The 400/132 kilovolt (kV) gas-insulated switchgear (GIS) substation has been built for Dubai Electricity and Water Authority (Dew

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Duqm Airport project on track for 2018 launch

Work on the third phase of Duqm Airport project in the governorate of Al Wusta in Oman is progressing as per schedule and the operations are likely to start next year, said a report. About 50 per cent of the work has been completed on Phase Three of the airport project and the re

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Abu Dhabi rents set for further decline

The average rental rates in Abu Dhabi, UAE, for apartments and villas fell by seven per cent and five per cent respectively during 2016 and are expected to soften further in 2017, according to leading consultancy Asteco. The decline will be exacerbated by new supply to the market

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Ducab focuses on product diversity at MEE

Ducab, a leading UAE-based manufacturer of high-quality cables and cabling products, is participating in the Middle East Electricity Exhibition and Summit (MEE) 2017, which opened yesterday (February 14) in Dubai, with a focus on growth, resilience, and sustainability. Ducab

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Dodsal faces KOC action over oil project delay

State-owned Kuwait Oil Company (KOC) plans to slap a KD25-million ($82 million) fine on UAE-based Dodsal Group over its failure to complete a key oil project on time, said a report. KOC will decide on the fine in line with the country's Tenders Law imposing a penalty of up to

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