Dubai Construction Payment Delays Becoming Problematic -Report

• Tuesday, 22nd November 2016
• by Karim Mohy

The construction sector in Dubai is facing increasing problems with payment delays which reach six months as a norm.

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.

Saudi Oger Asks Banks for Freeze on SAR 13 bn Debt Repayment -Sources

• Wednesday, 9th November 2016
• by Karim Mohy

Leading Saudi construction company Saudi Oger has asked banks to freeze repayments on at least SAR 13 bn of debt according to unnamed sources.

Saudi Aims to Pay Dues Owed to Contractors by Year’s End

• Tuesday, 8th November 2016
• by Karim Mohy

Saudi Arabia's Council of Economic, Development Affairs on Monday decided to immediately start paying back dues to private construction and development companies, aiming to finish payments by the end of the year.

Saudi Construction Sector a Risk for Banks -Moody’s

• Tuesday, 18th October 2016
• by Karim Mohy

The current weakness of Saudi Arabia's construction sector poses a risk to Saudi banks with exposure to the sector, according to a statement by Moody's on the publication of a research note on Tuesday.

Saudi Oger to Reportedly File for Bankruptcy

• Monday, 8th August 2016
• by Fatma Khaled

Saudi Oger, a Riyadh-based construction company, is expected to declare bankruptcy to overcome its financial problems.