Saudi Arabia to start key railway line by early 2017
The Saudi Railway Company said work was progressing well on its 1,250-km-long North-South Railway network, which will link capital Riyadh to Al Qurayyat area of the kingdom, and was likely to be operational early next year.
Forum puts spotlight on latest glass industry trends
Leading global experts from the glass industry along with senior architects and consultants discussed the latest glass processing techniques, the global standards on fire glazing and regulations in the UAE, at a key forum held in Dubai.
Dar Al Arkan net profit up 21pc in Q3
Dar Al Arkan, one of Saudi Arabia's largest property developers, has posted a 21 per cent jump in its third-quarter net profit which hit SR113 million ($30 million) owing to higher revenues from property sales and lower operating costs.
Arabian Cement Q3 net profit up 8.6pc
Egypt-based Arabian Cement, one of the largest cement firms in the region, has reported a net profit of SR97.2 million ($26 million) in the third quarter, up 8.6 per cent over the same period in 2015.
Experts to discuss Kuwait's $250bn projects market
Senior government and business leaders along with experts from the projects industry will be in Kuwait for a key summit next month which will put focus on the country’s $250-billion projects market.
Dewa launches region's first kinetic energy park
Dubai Electricity and Water Authority (Dewa) has announced the launch of Al Saada, the first smart kinetic energy park in the Middle East and North Africa (Mena) region, in Dubai, UAE.
Kuwaiti firm Kamco buys key US office tower
Kuwait-based Kamco Investment Company said it has successfully acquired General Electric’s (GE) global operation centre building, a 12-storey office tower located in Cincinnati, US.
Dubai Land Department launches smart investment map
Dubai Land Department (DLD) has unveiled its smart investment map application, which boasts a wide range of pioneering features, at the Gitex 2016 expo in Dubai, UAE.
Miral unveils new attraction on Yas Island
UAE-based Miral has announced plans to develop the next new exciting attraction - Clymb - on Yas Island, Abu Dhabi.
Saudi payments to contractors will increase soon, says minister
The payments to contractors working on mega projects in Saudi Arabia have been regularised and will rise in the coming period, said a report citing the kingdom's finance minister.
Enec, Kepco sign JV for UAE nuclear energy project
LONG-TERM PARTNERSHIP SEEN
Emirates Nuclear Energy Corporation (Enec) and Korea Electric Power Corporation (Kepco) have signed a joint venture (JV) agreement for a long-term partnership and cooperation for the UAE’s peaceful nuclear energy programme.
Saudi-Egypt JV to build $1bn steel complex in Suez
Egyptian Suez Canal Authority (SCA) has signed a partnership agreement with a Saudi organisation to set up an iron and steel factory in Ain Sukhna region of Egypt at an investment of $1 billion said a report.