News tagged "Contractor"

Orascom Construction net income increases 113.5% in Q2 2018

Orascom Construction net income increases 113.5% in Q2 2018

7th September 2018

According to *Tradearabia news report, Orascom Construction, a leading global engineering and construction contractor in the region, said its net income attributable to shareholders increased 113.5 per cent in the second quarter of 2018 to $50.6 million compared to $23.7 million for the same period last year.[..]

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DSI appoints Yousef Al Mulla as new group CEO

DSI appoints Yousef Al Mulla as new group CEO

16th August 2018

According to *Constructionweekonline news report, Drake and Scull International (DSI) has appointed Yousef Al Mulla as its new group chief executive officer (CEO), just five months after Dr Fadi Feghali stepped into the role at the end of March.[..]

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HKA’s Brian O’Connor: Need for contract provisions to facilitate payments

HKA’s Brian O’Connor: Need for contract provisions to facilitate payments

18th June 2018

According to *ME Construction News report, the introduction of VAT is a key part of the Kingdom’s broader plan to improve fiscal sustainability and diversify government revenues. Due to recent declining oil prices and revenues in the region, the Saudi and other GCC governments agreed a treaty to levy VAT. They hope that applying VAT on goods and services will generate revenue to fund infrastructure and social development projects. As VAT is a valuable source of government revenue in over 160 countries worldwide, its introduction in the Middle East was inevitable, a matter of when rather than if, based on the financial pressures governments were experiencing.[..]

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