The UAE’s largest builder by market value posted Q1 profit of AED26.6
Construction
Tabreed Q1 profit drops, concerns over debt weighs
District cooling firm’s current liabilities exceed its assets, sees Q1 profit of $8.69m
Abu Dhabi media hub may miss completion target
Developers struggling to find site for flagship media zone after initial plans scrapped
UAE puts new limits on unskilled expat labour
Federal Cabinet issues resolution saying ‘uncontrolled import’ of unskilled workers must be limited
Burj Khalifa fit-out firm to launch UK operation
Dubai-based Depa set to open offices in Middlesbrough as it turns attention to UK market
Qatar cancels plans to build Syria power plants
Qatar Electricity & Water Co says no formal agreement signed as unrest in Syria continues
Depa out of ‘recession year’ with AED500m in new deals
Dubai-listed interior contractor sees return to ‘more normal’ revenues, says CEO
DSI wins $49m Abu Dhabi deal, warns of ‘severe’ competition
UAE capital is second biggest contributor to DSI’s order book, says CEO Khaldoun Tabari
Osama bin Laden
Bin Laden’s family ‘doesn’t want to see revenge attacks’
Childhood friend says Saudi-based family hopes there will be no violent responses to killing
Real Estate
S&P still sees ‘negative trends’ in GCC real estate
Rating agency says unrest has ‘uneven’ impact across GCC corporate, infrastructure sectors
Brazil mining giant plans $700m Oman plant expansion
Subsidiary of Vale says it aims to produce 9m tonnes of iron pellets from Oman facility
Construction labour costs drop 10.9% in Abu Dhabi
Latest data from emirate’s statistics centre also shows fall in concrete while steel prices rise 10%
Alabbar inks $1.6bn Malaysian smelter deal
Leading UAE businessman agrees joint venture deal with Aluminium Corporation of China
Qatar 2022
Qatar World Cup fevers spikes office space demand, says report
Residential, retail and hotel real estate mop up benefits from FIFA hosting win, shows report
Al Habtoor Leighton nets Abu Dhabi deals worth $600m
Firm received $272m cash injection from Aussie parent company in April after writedowns
Real Estate
Parts of Barwa’s Commercial Avenue ‘ready early’
Some sections of Qatar mega project set to be ready months before mid-2012 completion date