• Oman allows firms to hire expats in construction sector


    Oman, in a major move, has regulated the recruitment of expatriate workers for the construction sector and brick factories allowing some companies to hire them only after they meet a set of criteria outlined for the sector, said a report.

  • Kuwait National Petroleum completes big biofuels project


    Kuwait National Petroleum Corp (KNPC) has completed a new biofuels project at Mina Al Ahmadi refinery after the successful launch of the last two production units. The new coal and naphtha hydro treating units will produce 37,000 and 8,400 bpd of oil.

  • Azizi's Jebel Ali residential project set for Q2 completion


    UAE-based Azizi Developments said 85 per cent of the work had been completed on its 479-unit development, Aura, located in Jebel Ali area of Dubai. The project, which boasts 349 studios, 87 one- and 43 two-bedroom apartments, will be ready by Q2.

  • Petrofac tightens capex, cuts overheads as virus crisis bites


    Leading international energy service provider Petrofac has announced plans to cut its overhead and project support costs by at least $100 million this year and by up to $200 million in 2021 in bid to cope with the Covid-19 pandemic and lower oil prices.

  • Alba announces Mumtalakat-appointed directors


    Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, has announced the appointment six directors to its board by the shareholder Bahrain Mumtalakat Holding.

  • Renewables accounted for 72pc of power expansion in 2019


    The renewable energy sector added 176 GW of generating capacity globally in 2019, marginally lower than the 179 GW added in 2018, but new renewable power accounted for 72 per cent of all power expansion last year, according to Irena.

  • Saudi Arabia allows some changes in jobs contract


    Saudi Arabia's Ministry of Human Resources and Social Development has issued a decision to regulate the contractual relationship between employees and employers in view of the special circumstances created by the impact of the new Coronavirus (Covid-19).

  • Emaar halts some projects; announces salary cut: report


    Dubai’s largest developer Emaar Properties has cut executive and staff salaries across its businesses as the coronavirus pandemic halts projects and weighs on revenue from malls and hotels, said a report.

  • Egypt-Saudi power line project bidding put off over Covid-19


    The Egyptian Electricity Transmission Company (EETC) is set to further delay receiving offers on a tender that will see construction of an electricity interconnection line with Saudi Arabia, due to the ongoing Covid-19 outbreak, said a report.

  • Renewables account for 70pc capacity expansion in 2019


    The renewable energy sector accounted for 70 per cent of total capacity expansion in almost all regions last year, other than Africa and Middle East, where they represented 52 per cent and 26 per cent of net additions, respectively, said an expert.

  • Seven Tides' Dubai Palm project on track for Q4 completion


    UAE-based upscale property developer Seven Tides said more than 27 per cent of the work on its prime property, Seven Palm, located on Palm Jumeirah in Dubai, has been completed and is scheduled for handover in the fourth quarter of 2020.

  • GCC banks face earnings shock from low oil, real estate pricing


    The GCC banks will see significantly reduced revenue and credit growth in 2020 mainly due to the sharp decline in oil prices, accelerated real estate price corrections in some markets and drop in the nonoil economic sectors, said a report.

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Oman allows firms to hire expats in construction sector

Oman, in a major move, has regulated the recruitment of expatriate workers for the construction sector and brick factories allowing some companies to hire them only after they meet a set of criteria outlined for the sector, said a report. ...



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