Dubai Business, Oil, Gas and Energy News Update

Nakheel plans to build resort
3 May 2015 | By Hossam Abougabal
Local developer plans four-star hotel on Deira Islands in Dubai

Dubai confirms metro briefing
3 May 2015 | By Colin Foreman
Route 2020 is the most eagerly awaited Expo project

Dubai approaches contractors for museum
3 May 2015 | By Colin Foreman
Futuristic building will be constructed on Sheikh Zayed Road

Acwa Power group submits lowest Dubai coal project tariff
30 April 2015 | By Andrew Roscoe
Low bidder also submitted alternative price for larger capacity plant

Nakheel profits more than double
30 April 2015 | By Colin Foreman
Development business performs strongly in first quarter of 2015

Dubai tenders Expo contracts
30 April 2015 | By Colin Foreman
Development work at Jebel Ali site is gathering pace

Faithful+Gould appointed for Atlantis project management
29 April 2015 | By Colin Foreman
Contractors are bidding for the main construction contract

Bidders finalise Dubai coal project submissions
29 April 2015 | By Andrew Roscoe
Bids are due on 30 April

Tunisia gives Dubai developer ultimatum
29 April 2015 | By Philippa Wilkinson
Developer told to start works or lose prime Tunis plot

Dubai appoints consultants for metro study
28 April 2015 | By Colin Foreman
Team given study as a variation to existing work

Tall towers make a comeback in Dubai
28 April 2015 | By Colin Foreman
High-rise schemes stalled following the global financial crisis

Dubai approaches contractors for world’s tallest commercial tower
28 April 2015 | By Colin Foreman
The Burj 2020 will be at least 541 metres tall

Dubai aims to cut electricity demand by 30 per cent
27 April 2015 | By Philippa Wilkinson
Dubai sets out sustainability strategy

Dubai retenders solar innovation centre
27 April 2015 | By Philippa Wilkinson
Bids did not meet expected quality

Dubai tenders new Atlantis hotel
27 April 2015 | By Colin Foreman
New property will be built on Palm Jumeirah

Mediclinic plans new Dubai hospital
27 April 2015 | By Philippa Wilkinson
Completion of Al-Quoz health care facility planned for 2018

Dubai plans metro lines for 2020 and beyond
27 April 2015 | By Colin Foreman
New Expo link first of new rail links planned by RTA as it enhances infrastructure

Dubai to brief firms on new metro project
26 April 2015 | By Colin Foreman
New line will connect to the Expo 2020 site

Brookfield Multiplex wins Lapita theme park hotel
26 April 2015 | By Colin Foreman
Canadian contractor joins other firms working on development

Abraaj forms partnership for Latin America and Caribbean
26 April 2015 | By Colin Foreman
Venture will make equity investments in high-growth companies

UAE focuses on boosting exports
22 April 2015 | By Colin Foreman
Government seeks a better balance with trading partners

Mashreq reports profit rise
20 April 2015 | By Rebecca Spong
Bank has supported key projects in the Gulf

Contractor wins Dubai exhibition halls
20 April 2015 | By Colin Foreman
Nine-month contract will increase space to over 122,000 square metres

Emaar Misr records profit jump
20 April 2015 | By Hossam Abougabal
Emaar Misr reports an increase in profits and revenues

Al-Fattan plans to build more Dubai towers
20 April 2015 | By Colin Foreman
Scheme will be built close to Sheikh Zayed Road

Chairman departure means more uncertainty for Arabtec
19 April 2015 | By Colin Foreman
Khadem al-Qubaisi will leave the construction company after not being nominated for the board

Emirates signs $9.2bn deal for Rolls-Royce engines
19 April 2015 | By Mark Watts
Airbus A380 engines contract is largest ever order for UK-based group

Second phase planned for Dubai wastewater plant
19 April 2015 | By Andrew Roscoe
Planned expansion of existing Jebel Ali sewage treatment plant will more than double capacity

Nshama awards earthwork deal for Dubai project
16 April 2015 | By Hossam Abougabal
UAE developer lets $6m deal

Emaar predicts $1bn net profit for 2015
16 April 2015 | By Hossam Abougabal
Local developer concludes annual general meeting with profit projections and 15 per cent capital equivalent for shareholders

Two tenders launched for Downtown Jebel Ali
16 April 2015 | By Hossam Abougabal
Local developer invites contractors to submit bids for work on Downtown Jebel Ali project

Bid deadline postponed for Dubai hospital construction
15 April 2015 | By Colin Foreman
New healthcare centre will be built at Dubai Silicon Oasis

Dubai bank reports 34 per cent rise in profits
15 April 2015 | By Rebecca Spong
Dubai Islamic Bank continues to lower bad loan ratio

Deutsche Bank branch fined in Dubai
15 April 2015 | By Rebecca Spong
Dubai Financial Services Authority penalises German lender

Cayan Group announces plans for Dubai and Riyadh
15 April 2015 | By Hossam Abougabal
Local developer announces projects in Dubai and Riyadh

Deyaar reports profit increase
15 April 2015 | By Hossam Abougabal
Local developer announces an increase in net profits as it seeks necessary approvals for AED3.5bn development

Fall in Middle East outwards property investment
15 April 2015 | By Philippa Wilkinson
GCC fails to capture global real estate inflows

Drake & Scull wins Dubai contract
13 April 2015 | By Hossam Abougabal
Local firm awarded contract for mixed-use development

Dubai projects push on despite property price fall
13 April 2015 | By Colin Foreman
Emirate’s ruler has approved a raft of new construction projects

Dubai plans power plant expansion
13 April 2015 | By Philippa Wilkinson
Feasibility study tendered

Dubai seeks interest for Expo metro
12 April 2015 | By Colin Foreman
Route 2020 will be 15 kilometres long

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