December 10th, 2018 | 0 commentsThe UAE emirate of Sharjah has announced a budget with total expenses of Dh25.7 billion ($7 billion) for 2019, marking a 10 per cent growth in spending compared to its 2018 budget. The budget projects an increase in spending on public safety as well as on capital improvement programmes. About 23 per cent of the budget goes to the developm...
December 10th, 2018 | 0 commentsDrake and Scull International (DSI) on Sunday said that revenues of the AED 600 million contract for the Reem Mall project will be entered the company over the 22-month work scheme. Set to be finished in August 2020, the project's profits will be reflected in the firm’s financial results after its completion with a positive impact on the...
December 7th, 2018 | 0 commentsHH Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, yesterday (December 5) received Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Abu Dhabi Department of Transport and Chairman of the Board of Directors of Etihad Rail. During the meeting, Dr Sheikh Sultan touched upon the Etihad Rail proj...
December 7th, 2018 | 0 commentsHolding Company for Water and Waste Water’s (HCWW) general assembly meeting, presided over by prime minister Mostafa Madbouly, approved fiscal year 2018/2017 draft budget of the company and its subsidiaries. The estimated draft budget allocated around EGP 2.6 billion for renovation and development projects to boost the efficiency of asset...
December 6th, 2018 | 0 commentsDrake & Scull International (DSI) on Wednesday announced that it has been awarded an AED 600 million ($163.38 million) contract to execute the mechanical, electrical and plumbing (MEP) works at Reem Mall. Covering an area of 2.8 million square meters, the mall will host around 450 stores, featuring 85 food and beverage outlets and var...
December 5th, 2018 | 0 commentsEtihad Energy Services Company (Etihad ES), a leading energy service company, is gearing up to implement Dh400 million ($109 million) worth of projects, branching out beyond building retrofits into industrial retrofits and solar projects. The company has already set an ambitious target to retrofit 30,000 buildings by 2030, said a top offi...
December 5th, 2018 | 0 commentsAbu Dhabi government has approved a series of development projects valued at over Dh3.86 billion ($1.05 billion) in the Al Dhafra Region of the emirate in bid to improve local housing, education and health services and provide work opportunities for the residents of Al Dhafra. This is in realisation of the vision of President HH Sheikh Kh...
December 5th, 2018 | 0 commentsFinancial Regulatory Authority (FRA) announced on November 27, Samcrete Misr Engineers and Contractors (SMCS) (SMCSA) submitted disclosure report to conduct procedures of issued and paid capital hike according to the article No. 48 provision of EGX listing rules. Upon the Board of Directors resolution that held on November 14, 2018, the C...
December 3rd, 2018 | 0 commentsSaudi Arabian Mining Company (Ma’aden) on Sunday announced beginning the commercial operation of diammonium phosphate plant in its complex at Ras Al-Khair city. The plant started its operation as of Saturday, 1 December, according to a statement to the Saudi Stock Exchange (Tadawul). Phosphate’s production will rise gradually upon the com...
December 3rd, 2018 | 0 commentsAl-Samaani Factory for Metal Industries on Sunday reported a 24.51% year-on-year drop in net profits for the third quarter of 2018. Net profit reached to SAR 862,000 million during the three-month period ended September, versus SAR 1.142 million in Q3-17, according to a statement to the Saudi Stock Exchange (Tadawul). Revenues amounted to...
