The construction company has lost about 77 per cent of its share value since May 2014
The new development aims to tap into the global wholesale sector.
Dubai ports operator says the investment could be in new terminals
Authority announced a 14 per cent increase in spending this year
The project still planned to have world’s largest shopping destination
The 1.5 million square feet mixed-use development is expected to be completed in 2018
Depressed global economic conditions have caused a 15-20 per cent fall in demand from investors, say developers
The city consists of a commercial market, 55 residential complexes and Qatar’s second largest mosque
Habtoor Group is planning to focus on its 100-per cent-owned assets including hotels, real estate and schools as part of its strategy
The contractor did not specify the name of the mall or the hotel it is building
The developer has confirmed the builders of Deira Islands Night Souk, Warsan Souk and The Circle Mall
The project announced in March 2014 has stalled, highlighting Egypt’s habit of promising grandiose ventures and then struggling to deliver
The UAE has sufficient funding for all its planned infrastructure projects, says minister of Public Works
Officials did not give a reason for the delay in building work at the $650m project
The company will develop over 72,000 square metres of food and beverage concepts and retail outlets in Jumeirah
The insurance firm said it had received the claim on September 13 and it had appointed evaluators to determine the damage caused by the accident
King Salman also ordered that the group’s board members and senior executives be barred from travel abroad
Previously awarded projects are continuing without impact, experts say
The official did not give a reason for downsizing the project
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Construction work on the tower is anticipated to begin next year
Khalifa International Stadium will have a new building in its east wing following its renovation while the entire seating area will be covered through a single roof
The company announced over a year ago that it had agreed in principle with the Egyptian government to build one million homes in the country
The tender has invited bids for a project manager to oversee the first stage of Qatar’s link to the GCC rail network being developed by the six Gulf states
Deeb was formally CFO of Abu Dhabi-based family conglomerate Al Jaber Group, whose core business is construction
The project was originally announced more than a year ago but it has not yet been launched
More than 1,100 local firms have been contracted for the delivery of products and services at the Barakah nuclear plant in Abu Dhabi
The delay comes as a number of private companies requested more time to prepare for the implementation of the system
The founders of Dubai-based maintenance company Jim Will Fix It discuss industry challenges and their expansion plans
Firms violating the midday work ban will be fined SAR 10,000 ($2,665) while some could be forced to shut down, the ministry said