Wednesday 1 July 2015
 
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Nshama awards key Dubai project contract

Nshama, a private developer of integrated lifestyle communities for aspiring home-owners, has signed a partnership deal with UNEC, a regional construction company, to build the first two apartment blocks at Town Square, Dubai’s first-of-it

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QP decides to not award contracts directly

Qatar Petroleum (QP) has decided not to assign any contracts by direct agreement with the relevant parties, including wholly or partly owned companies by QP or its subsidiaries, according to a report. This was disclosed by Gulf In

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Adnoc finalises July-June diesel term contract

State-owned Abu Dhabi National Oil Co (Adnoc) has finalised its July 2015 to June 2016 diesel term contract with several buyers, traders said on Friday. The UAE company has finalised the term contracts at a premium of $2.35 a barr

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Hochtief unit wins $1.2bn rail contract in US

Hochtief subsidiary Flatiron has secured a $1.23 billion contract to construct a 60-plus mile portion of new high speed rail between Los Angeles and San Francisco as part of a joint venture team. The project will be the first high

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World Cup insurers ‘likely to refuse pay out on cancellation’

World Cup insurers are likely to refuse to pay out on many cancellation contracts if Russia and Qatar lose the rights to hold the tournaments because of fraud, industry experts said. Russia and Qatar could be stripped of their Wor

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Sedco wins Saudi housing contract

Sedco Development, a key developer in Saudi Arabia, has been awarded a contract for the construction of Gardenia Residence, a project in Jeddah owned by the AlAhli Sedco Residential Development Fund in partnership with Ghoneim International Comp

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DGCX launches new products

The Dubai Gold and Commodities Exchange (DGCX) has launched three new contracts to further diversity its product suite. It includes the India Gold Quanto Futures, Indian Rupee Quanto Futures and Mini Dubai Polypropylene Futures, s

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American S&E wins $11.6m X-ray systems service deal

American Science and Engineering, a leading supplier of innovative X-ray detection solutions, has won a $11.6 million multi-year contract from a Latin American government agency to continue servicing and maintaining its AS&E X-ray inspection

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Small print in contract alert for home buyers in Bahrain

A warning has gone out to expatriate property buyers in Bahrain to beware the small print in their contracts. It follows several complaints, received by the real estate committee at Bahrain Chamber of Commerce and Industry (BCCI),

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Samsung in deal to build polariser film plant in China

Samsung SDI Co, a leader in energy solutions and electronic materials, has signed a new contract to build up a polariser film plant in China, a move aimed at increasing its share in the crucial Chinese market. Namseong Cho, chief

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