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Permasteelisa, Albaddad in deal to set up façade projects JVPermasteelisa Gartner Middle East - part of leading international façade specialist Permasteelisa Group has announced that it has signed heads of terms with Dubai-based Albaddad Capital, a leader in fast-track building solutions, setting out a strategic collaboration through a joint ve More… |
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Bahrain's economy grows 2.7% in Q1 on big non-oil activityBahrain's economy grew at 2.7% at constant prices during the first quarter this year, mainly driven by an increase in both non-oil and oil activities by 2.2% and 5.3% YoY, respectively, reported BNA, citing the Economic Quarterly Report for Q1. More… |
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Emsteel becomes first in MENA to earn ResponsibleSteel certificationEmsteel, one of the largest publicly traded steel and building materials manufacturers in the region, announced today its steel business unit (Emirates Steel Industries) has officially become the first company in the Middle East and North Africa (MENA) region to receive ResponsibleSteel Core More… |
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Syria forums in Bahrain, Abu Dhabi eyes $500bn reconstruction investment pushIn a move to mobilise international capital for Syria’s estimated $500 billion reconstruction effort, the Syria Recovery & Investment Forum is launching two new editions this September — in Bahrain and Abu Dhabi — following the success of its July event in Dubai. More… |
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Saudi Electricity Q2 net profit up 22pc; revenue soars to $7.3bnSaudi Electricity Company (SEC) continued to deliver robust financial and operational performance in both the second quarter and first half of 2025. The revenue for Q2 grew by 24% to reach SAR27.7 billion ($7.3 billion), while gross profit rose by 42% to More… |
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Mira Developments unveils GCC expansion plan with Salalah land dealMira Developments, a UAE-based luxury real estate company specialising in branded residential properties, has announced elaborate expansion plans in Oman, mainly focusing on picturesque Salalah within Dhofar Governorate. Unveiling its key GCC plan, More… |
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Kuwait moves ahead with 55,000-unit Al Sabriya Labour City projectMinister of State for Municipal and Housing Affairs Abdullatif Al-Mishari led an aerial inspection of the Al-Sabriya city project along with two other labour city sites - Khairan and Nawaf Al Ahmad - to update a visiting Chinese technical delegation on the scope and objectives of these develo More… |
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Nisus joins BNW to acquire prime Jumeirah residential projectNisus Finance Investment Consultancy (NiFCO Dubai) has sealed a strategic partnership with UAE group BNW Developments to acquire a premium residential building in Jumeirah Village Circle (JVC), featuring 143 residential apartments as well as three retail units. More… |
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LG MEA Academy offers UAE contractors, facility managers specialised trainingLG Electronics (LG), a global leader in HVAC innovation, is strengthening its commitment to the UAE’s professional community through its LG MEA Hub Academy in Jebel Ali, Dubai. As one of the largest HVAC training centres in the region, the Academy More… |
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Mycrane Trading raises $50m to launch UAE operationsMycrane Trading, a newly established crane sales, leasing and maintenance services provider, based in Jebel Ali Free Zone, Dubai, has announced the successful closing of a $50 million investment deal with a DIFC-based investment holding company. In partnership More… |
