UAE's Emirates Steel Arkan saw a significant drop in profits during the first half of 2024 due to tough conditions in both export and domestic markets. The company's net profit for Q1 2024 fell to AED 174.4 mln (USD…
Damac Properties has signed a contract with Modern Building Contracting Co (MBCC) to develop a 52-storey tower project in Dubai Maritime City. MBCC will handle the main construction package, including the tower and…
The UAE and Chile have signed a Comprehensive Economic Partnership Agreement (CEPA) to enhance non-oil bilateral trade by removing trade barriers and simplifying customs procedures. The CEPA aims to increase non-oil…
Canada has extended the preliminary phase of its antidumping duty investigation into rebar imports from the United Arab Emirates, Bulgaria, and Thailand. Originally expected to conclude by May 3, the investigation now…
Dubai's Roads and Transport Authority (RTA), in coordination with UAE mall and leisure projects developer Majid Al Futtaim Group, has awarded a USD 45 mln contract for widening and improving the entrances to Mall of the…
UAE's Emirates Steel Arkan has maintained rebar prices for its August production. The company will continue offering rebar (10-40 mm) at AED 2,369 (USD 645) per ton EXW, AED 2,377 (USD 647) per ton CPT Abu Dhabi, and…
Adnoc Logistics and Services plc (ADNOC L&S) announced that its joint venture with Wanhua Chemical Group, AW Shipping, has awarded shipbuilding contracts worth approximately USD 1.9 bln to Jiangnan Shipyard in China…
UAE-based Azizi Developments has signed an agreement with International Foundation Group, a specialist in deep foundation and ground solutions, to provide piling, shoring, excavation, and dewatering works for its key…
Emirates Steel, part of Emirates Steel Arkan Group, one of the largest publicly traded steel and building materials manufacturers in the region, has announced a partnership with Eversendai, a global leader in steel…
Arabian Gulf Steel Industries (AGSI) is at the forefront of a new initiative launched by Abu Dhabi Distribution Company (ADDC), a subsidiary of the Abu Dhabi National Energy Company (TAQA). The initiative, known as the…
Adnoc Gas plc has awarded engineering, procurement & construction (EPC) contracts worth USD 550 mln for the expansion of its natural gas pipeline network and has also transferred the ownership of the project to Adnoc…
Dubai-based Arista Properties broke ground for its USD 136 mln Wadi Villas luxury residential project located in Mohammed Bin Rashid City within Meydan master development. The project, which comprises 30 high-end villa…
Dubai-based Iman developers has announced the groundbreaking of its mixed-use development - One Park Central - in Jumeirah Village Circle (JVC), Dubai. The project is expected to be completed by the second quarter of…
Oscar Middle East, a Dubai-based shipping and freight forwarding company, has initiated work on its USD 41 mln liquid bulk terminal at Jebel Ali Free Zone (Jafza). The quayside facility will have a total capacity of…
UAE's APL Apollo Tubes, a wholly owned subsidiary of India's APL Apollo Tubes, has launched a new Direct Forming Technology (DFT) line at its plant in Umm Al Quwain (UAQ), according to a company official's announcement…
Sharjah National Oil Corporation (SNOC), oil and gas industry executive arm of the emirate of Sharjah in the UAE, announced that it broke ground on the emirate's largest solar power plant. The 60MWp ground-mounted solar…
Dubai's Roads and Transport Authority (RTA) has awarded a USD 117 mln project to construct direct entry/exit points for Dubai Harbour, in partnership with Shamal Holding. The project encompasses the construction of a…
UAE-headquartered real estate developer Vantage Properties has signed a co-development memorandum of understanding with Italian developer Vittoria Group Costruzioni, for USD 100 mln flagship projects in Dubai’s Jumeirah…
Vallourec has signed a two-year extension to its 2019 contract with the Abu Dhabi National Oil Company (Adnoc), originally valued at USD 900 mln. This extension will take effect in January 2025 and will last until…
Master developer Expo City Dubai has awarded contracts to four major companies for the construction of its project, Mangrove Residences, featuring 450 apartments with a mix of one- to three-bed units along with four-bed…