Monday 5 December 2016
 
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ACC wins top ranking for tall building construction

Arabian Construction Company (ACC), a leading player in the Middle East and North Africa (Mena) region, said it has been ranked second in the list of world’s top contractors for the tallest buildings by the Council on Tall Buildings and Ur

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UAE contractor signs Aconex enterprise agreement

Aconex, a global leader of digital innovation in construction, said leading UAE contractor Alec has agreed to standardise on Aconex solutions for managing information and processes across all of its projects. Alec, which began ope

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Al Jaber to sell contractor, leverage hotel in debt plan

Abu Dhabi's Al Jaber Group plans to raise up to Dh2.35 billion ($640 million) by the end of 2017 by selling its stake in a construction company and using a prime hotel in the emirate as collateral for a loan, informed sources said.

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Al Jaber to sell contractor, leverage hotel in debt plan

Abu Dhabi's Al Jaber Group plans to raise up to Dh2.35 billion ($640 million) by the end of 2017 by selling its stake in a construction company and using a prime hotel in the emirate as collateral for a loan, informed sources said.

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Arabtec hires AlixPartners for business review

Loss-making Dubai contractor Arabtec's board has hired restructuring advisory firm AlixPartners to help it strengthen its capital structure and reform its business, three sources aware of the matter told Reuters on Sunday. Amo

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Arabtec may break even in 2016, profit seen in 2017

Loss-making Dubai contractor Arabtec may break even in 2016 and should return to profit the following year, the company's chairman said on Wednesday. Arabtec made a loss of Dh2.35 billion ($639.9 million) in 2015, which it bla

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Drake & Scull Q4 net profit jumps

Drake & Scull International, a regional market leader in general contracting and mechanical, electrical and plumbing (MEP) sector, has posted a substantial jump in its fourth-quarter net profit, with the contractor's earnings aided by hi

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Saudi contractor Khodari swings to Q4 loss

Saudi Arabian construction firm Abdullah Abdul Mohsin Al Khodari and Sons on Tuesday said it had swung to a fourth-quarter net loss as margins and revenue fell and financial charges increased. The company made a loss of SR1.04 mil

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Contractors in Bahrain ‘hit by payments delay’

Delays in paying contractors working on Bahrain’s government housing projects are down to steps to ensure work is progressing as planned, according to a government minister. Housing Minister Bassem Al Hamer told the Gulf Daily News (

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Depa chief executive quits

Dubai construction contractor and interiors firm Depa Ltd said on Monday that its group chief executive Nadim Akhras had resigned for personal reasons. Pending the appointment of a permanent replacement, the board's steering c

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