Dubai's RTA awards $32m road contract
Dubai's Roads and Transport Authority (RTA) said it has awarded a Dh118-million ($32.12 million) deal for the construction of internal roads at Al Mamzar and Al Nahda areas of the UAE emirate.
Emaar's Dubai real estate chief to resign
Dubai-based developer Emaar Properties said on Monday that the head of its Dubai real estate business would leave the firm at the end of the year.
UAE ‘rapidly rising in the global property industry’
The UAE is rising rapidly in the global property industry, with $1 trillion in built assets, which is nearly 48 per cent of Netherlands ($2.09 trillion) and 122 per cent higher than Singapore ($0.82 trillion).
Volvo sales up on Mideast contruction boom
Swedish premium truck manufacturer Volvo has registered a 24 per cent growth in the deliveries in the Middle East over last year, thanks to the robust construction work taking place across the region.
Top firms gear up for SteelFab 2015
Leading companies from across the globe will be in Sharjah, UAE, to showcase their innovative welding and cutting solutions at SteelFab 2015 to be held next month.
Ducab breaks ground on new aluminium factory
Ducab Aluminium Company has joined hands with Abu Dhabi Ports Company (ADPC) to start work at its new aluminium rod and conductor facility in the Khalifa Industrial Zone Abu Dhabi (Kizad), UAE.
Dewa approves $6.23bn budget for 2015
Dubai Electricity & Water Authority (Dewa) has approved a total budget of Dh22.9 billion ($6.23 billion) for the upcoming year compared to Dh20.6 billion ($5.6 billion) in 2014.
Abyaar's new tower to be ready in Q3 2015
Abyaar Real Estate Development Company said the construction work at its Hilliana Tower located in the Jumeirah area of Dubai, UAE, is progressing well and is on track for completion by the third quarter of 2015.
Healthy Dubai real estate market to ride out cheap oil
The plunge in oil prices may take more of the froth off Dubai's booming real estate market, but broad-based demand for property is likely to prevent any crash, said a report.
Mubadala completes Four Seasons topping work
Mubadala, a leading development company based in Abu Dhabi, UAE, said the structural work on its upcoming Four Seasons Hotel project has been completed and it was on track for opening in the second quarter of 2016.
Alstom to sell power business to GE for $15bn
INVESTORS BACK OFFER
Alstom shareholders have backed with 99.2 per cent of votes the French engineering group's plan to sell most of its power equipment business to General Electric for €12.35 billion ($15.4 billion) and refocus on its smaller rail arm.
Omniyat's new seafront project 81pc sold out
Leading UAE developer Omniyat Group said 81 per cent of the units in its newly-launched iconic project "Anwa" in Dubai, UAE, have been sold in less than a week of launching sales.