Wednesday 2 September 2015
 
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Laing O’Rourke eyes complex projects in UAE

Laing O’Rourke, a leading UK-based contractor, is rebuilding its operations in the UAE following a dramatic downsizing after the 2008 financial crisis through introduction of more modular building techniques into its Middle East projects,

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Iran plans $50bn investment in water, electricity projects

Investments in water and electricity projects worth $50 billion are being planned by Iran following the removal of sanctions, said the country’s senior ministry official. The ministry has drafted more than 800 national proje

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Tenders worth $55m awarded in Bahrain

Forty-three tenders worth more than BD21 million ($55.2 million) were awarded in the first half of the year, while 49 projects costing more than BD36.5 million ($96.7 million) have been put out to tender. Of these, six tenders for road project

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Abu Dhabi approves 26 urban projects in Q2

Abu Dhabi’s Urban Planning Council (UPC) has cleared 26 projects with a total gross floor area (GFA) of more than 2.3 million sq m during the second quarter of the year, up from 708,999 sq m in Q1, a report said. The number

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FLNG investment, activity expenditure to hit $58bn

A significant growth in both investment and activity in the floating liquefied national gas (FLNG) market is expected over the next seven years, according to a report.   It has been forecast to hit a total expend

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Nakheel invites tenders for marina projects

Nakheel has invited tenders for the consultancy services for three new marina projects being built by the UAE developer. The projects involve the design and supervision of the construction of marinas at The Pointe, Azure Residence

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Oman’s Majan signs nine deals worth $18m

Oman’s Majan Electricity Company, part of Nama Group, recently signed nine agreements for different projects worth more than RO7 million ($18.1 million). The projects include establishing a new station, the expansion of exis

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Dubai home sales plunge; prices down

Dubai home sales shrank by about two-thirds in the first half of 2015, and prices also slipped, with further declines expected over the rest of the year, property consultants JLL said in a report on Wednesday. The real estate sect

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Infosys business revamp bolsters profit

Indian IT services provider Infosys said a business revamp initiated by its first non-founder boss helped it win more large deals in the first quarter, fuelling a five per cent rise in net profit. Shares of Infosys surged 11 per c

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Qatar forum to highlight top transport plans, projects

Qatar’s Ministry of Transport is set to highlight plans, initiatives and projects such as the Hamad Port, Civil Aviation Authority, Qatar Ports, Karwa, Civil Aviation College and Qatar Rail at a forum in September. The Qatar

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