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Habtoor Group Re-Jigs Management

The changes are in preparation for the UAE firm’s proposed IPO in 2013.

Saudi’s Mojil Group Eyes Disbandment As Losses Build

The Mohammed al-Mojil Group say its losses exceed three-quarters of its capital and its liabilities exceed its assets.

Drake & Scull Wins Iraqi Pipeline Contract

The UAE-based contracting services company shares deal to construct pipelines in southeast Iraq with Italy’s SICIM.

Egypt’s OCI Income Falls 28%

Orascom Construction Industries, Egypt’s biggest listed company, feels weight of new plants in Algeria and the US.

Qatar Has Highest Construction Costs In ME

The increasing volume of activity in the build-up to the 2022 FIFA World Cup has pushed up costs in Qatar, says study.

Drake & Scull Q2 Net Profit Drops 42%

The contracting company said that higher finance costs for acquisition and contracts provisioning led to the fall in profit.

Emaar Announces New Mosque In Dubai

The mosque, spread over 40,000 square feet, will be located in Downtown Dubai.

Dubai’s Arabtec Posts $3.1m Q2 Loss

Rising administrative and contract costs lead the construction company to post a loss during the second quarter of the year.

GCC To Award $65.5bn Construction Deals In 2012

The UAE accounts for the largest share of the region’s construction market, according to new research.