MSF and Serka Taahüt Win Duqm Port Contract

• Monday, 14th November 2016
• by Karim Mohy

Portuguese engineering and construction company MSF Engenharia and Turkish contractor Serka Taahüt won a contract for infrastructure work on the port of Duqm in Oman.

Arabtec 3Q Losses Narrow 76% y-o-y

• Monday, 14th November 2016
• by Karim Mohy

Dubai-based construction firm Arabtec Holding PJSC reported net losses attributable to its parent at AED 225 mn for the third quarter of 2016, marking a 76% decrease in losses compared to the same period last year, according to a bourse statement.

Drake & Scull’s Losses Narrow in Q3

• Monday, 14th November 2016
• by Karim Mohy

Dubai-based construction company Drake & Scull International PJSC (DSI) on Monday reported net losses attributable to shareholders of AED 46.3 mn in the third quarter of 2016, according to their 9M 2016 financial statement, compared to losses of AED 877.8 mn in the same period last year.

Tadawul Sees Listing of First REIT

• Monday, 14th November 2016
• by Karim Mohy

The Saudi Stock Exchange (Tadawul) on Sunday held the listing ceremony for the first Real Estate Investment Traded Fund (REIT) with Riyadh REIT.

Meydan Seeks Loan for Hotel Project -Sources

• Sunday, 13th November 2016
• by Karim Mohy

Dubai-based developer Meydan Group is eying a syndicated loan of a minimum of AED 450 mn to finance a hotel project according to unnamed sources.

Hamptons Launches Sales of The Address Apartments Last Month

• Sunday, 13th November 2016
• by Karim Mohy

Hamptons International announced the launch of sales at its The Residences Jumeirah Dubai, Managed by The Address and The Address Residences Jumeirah Resort + Spa, according to a press release at the end of last month.

Azizi Launches Azizi Samia Project

• Sunday, 13th November 2016
• by Karim Mohy

Dubai-based Azizi Developments launched its Azizi Samia project.

Aldar Awards Early Works Contract for Mayan Project

• Sunday, 13th November 2016
• by Karim Mohy

Abu Dhabi-based developer Aldar Properties awarded the AED 30 mn early works contract for its Mayan project to Dutch Foundation & Concrete Rehabilitation Company WLL on Sunday.

Qatar Plans New Housing for 32,000 Workers

• Thursday, 10th November 2016
• by Karim Mohy

Qatar plans to build new housing for 32,000 expatriate workers, aiming to improve accommodation and living conditions.

Saudi Arabia to Open Labor Offices in Move Seen Eliminating Brokers

• Thursday, 10th November 2016
• by Karim Mohy

The Saudi Cabinet on Monday approved the opening of labor attache offices in several countries.