News tagged "Uae"

UAE leads Middle East’s hotel construction pipeline

UAE leads Middle East’s hotel construction pipeline

16th May 2019

According to *Constructionweekonline news report, with more than 56,000 hotel rooms under construction, the UAE leads the Middle East’s hotel construction pipeline, figures from US-headquartered hospitality research and benchmarking firm STR have revealed.[..]

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Aldar Properties reports 20% growth in revenues in Q1 2019

Aldar Properties reports 20% growth in revenues in Q1 2019

15th May 2019

According to *Tradearabia news report, UAE-based Aldar Properties has reported a 20 per cent growth in its revenue for the first quarter, which soared to Dh1.76 billion ($479 million) from last year's figure of Dh1.47 billion ($400 million) amid strong development activity across all its projects.[..]

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Adnoc Distribution to construct 75 new stations in 5 years

Adnoc Distribution to construct 75 new stations in 5 years

14th May 2019

According to *ME Construction News report, Adnoc Distribution’s acting CEO Saeed Mubarak Al Rashdi announced that the company is planning to expand its facilities and investment services around the UAE, particularly in Dubai which currently serves four stations.[..]

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Obaid Khadim Bin Touq Al Marri resigns as chairman of board of directors at DSI

Obaid Khadim Bin Touq Al Marri resigns as chairman of board of directors at DSI

7th May 2019

According to *Constructionweekonline news report, Obaid Khadim Bin Touq Al Marri has resigned as chairman of the board of directors at Dubai-listed contractor Drake & Scull International (DSI), marking the latest in a string of high-profile exits at the loss-making construction company, which faces an investigation by UAE regulator Emirates Securities and Commodities Authority.[..]

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DSI investigated by forensic audit committee

DSI investigated by forensic audit committee

6th May 2019

According to *Arabian Business news report, Dubai-based Drake and Scull International (DSI) is being investigated by a forensic audit committee formed by the UAE’s Securities and Commodities Authority.[..]

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