• 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.

  • VIRUS: Emaar announces projects suspension, 50pc salary cut


    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.

  • 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.

  • Asyad group floats tenders for key Oman mixed-use project


    Oman Global Logistics Group (Asyad) has invited bids from leading firms to develop a residential, commercial or mixed-use project on a prime land owned by sultanate's public transport services company Mwasalat in Azaiba region of capital Muscat.

  • Madayn unit in deal to manage Barkha road freight application


    Oman-based Public Establishment for Industrial Estates (Madayn) said its investment unit has signed a partnership agreement with Ibn Al Muallem United Trading to manage and operate Barkha Application dedicated to road freight transportation services.

  • Ecolog, Dutch group in deal for game-changing solution


    Ecolog, a key provider of integrated engineering and construction services in the region, has signed a deal with Dutch group Desolenator to deliver a game-changing solution that harnesses the world's two most abundant resources - sunshine and sea water.

  • Tabreed buys 80pc stake in Emaar cooling unit for $675m

    235,000 RT CAPACITY
    UAE-based National Central Cooling Company (Tabreed) said it has reached an agreement with leading developer Emaar Properties to acquire a 80 per cent stake in its Downtown Dubai district cooling business for Dh2.48 billion ($675 million).

  • Emaar donates $27m to fund fighting Covid-19


    Emaar Properties has announced a donation of Dh100 million ($27.2 million) to support the ‘Social Solidarity Fund against Covid-19’ launched by the Islamic Affairs and Charitable Activities Department in Dubai to alleviate the impact of the pandemic.

  • Dewa commissions 8 new substations worth $231m

    HIGH-VOLTAGE NETWORK
    Dubai Electricity and Water Authority (Dewa) is continuing with its development projects, having commissioned eight new 132/11 kilovolt (kV) substations with a total cost of Dh850 million ($231 million) since the start of the year.

  • Citizens’ Debt Settlement Fund postpones instalment payments


    The Citizens' Debt Settlement Fund has postponed the payment of monthly instalments for three months, starting in April. This comes as part of the country's efforts to support Emiratis during these exceptional circumstances caused by Covid-19 outbreak.

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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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