Iraq's Ministry of Construction & Housing has signed a deal with Emaar Properties to jointly develop housing, commercial and tourism projects in the country.

Damac has announced that construction of the Al Jawharah Damac Residences Tower in Jeddah, Saudi Arabia, has reached the 28th floor

Saudi industrial Property Authority (MODON) has agreed a US $40 million deal with ABB for the construction of a new industrial facility in Dammam. The factory, the first of its kind in the region, will be used to manufacture Gas Insulated Switchgear and m

Saudi Electricity Company has signed deals worth $494m to build new substations and networks to improve electricity supply across various parts of the Kingdom

UAE property companies Al-Futtaim Group and Emaar have announced plans to form a joint venture to develop a 160-acre retail scheme on the Cairo-Alexandria highway known as Cairo Gate.

Galfar Engineering & Contracting has announced that it is to receive an extra $58.5m from the authorities to help build the Hasik-Shuwaimiya road link

Petrofac has won a $200 million EPC contract from Kuwait Oil Company to bolster Kuwait’s North onshore oil infrastructure by improving power supply

ACWA Power has won a US $1bn contract to build a 160MW concentrated solar power (CSP) plant near Morocco’s Ouarzazate.

Saudi Arabia’s National Water Company (NWC) has awarded two separate contracts – valued at a combined US $178m – to the UK’s Vinci Construction UK in a joint venture with Al Muhaidib Contracting Company

Orascom Construction Industries (OCI) announced today that a 50/50 joint venture between BESIX and Orascom Construction, a 100% owned subsidiary of OCI, has been awarded a US$ 400 million contract to construct Majid Al Futtaim Properties’ Mall of Egypt.

Siemens has been awarded a contract valued at over US $131 million to supply KAR Construction and Engineering Company with turbines, generators and ancillary power systems for a new power plant in Kurdistan.

Hungarian oil group MOL is to invest $30 million in Oman after securing exploration and production rights in the Sultanate

Orascom Construction Industries (OCI) announced today that, as part of its application to demerge the Construction Group from its Fertilizer Group, the General Authority for Investment and Free Zones (GAFI).

American Science and Engineering, Inc. ("AS&E") (Nasdaq:ASEI), a leading worldwide supplier of innovative X-ray detection solutions, announced today the Company has expanded its Middle East operations with the opening of a new branch office in Riyadh, Sau

Orascom Construction Industries (OCI) announced that the Iraqi cabinet has approved a US$ 363 million EPC1 contract with the company to build a 1,000 MW gas turbine power plant in Baiji, Iraq.

Qatar General Electricity and Water Corporation (Kahramaa) held a meeting with the local electricity contractors to familiarise them about the upcoming tenders in 2012. Kahramaa was represented by its Electricity Distribution Department (ED) in the meetin

RIYADH: The Ministry of Health signed more than SR3 billion worth contracts on Saturday with 30 private sector companies for health projects.

Hail Cement Company said it had signed a housing contract with the joint venture of Teberak Trading and Contracting Company and Mo B. Co. for Civil Construction.

TAV Construction has announced it is at the mobilisation stage for the Madinah Airport. The contract value for Phase One being undertaken by the Turkish contractor is an estimated $1.4bn.

Shell said it is eyeing potential opportunities in South Sudan, which last July broke away from Khartoum, taking with it two-thirds of Sudan's 500,000 barrels per day of oil production.

Work is to begin on designing Kuwait’s first-ever solar energy station, the Public Authority for Applied Sciences and Training (PAAST) has announced.

The Dubai Mall, the flagship development of EmaarMalls Group and the world's largest shopping and entertainment destination, has launched a project to build a 820-metre long pedestrian link that directly connects the Burj Khalifa/The Dubai Mall Metro Stat

Jeddah Municipality has awarded Parsons a three-year construction management (CM) consultancy services contract for projects in the Kingdom's second-largest city.

Trans globe has announced the closing of the West Bakr acquisition in the Arab Republic of Egypt from The Egyptian Petroleum Development Co. Ltd. (of Japan) that was completed on December 29, 2011. All dollar values are expressed in United States dollars

Over $44 billion is being spent across the region on airport development across the GCC, with the target of handling over 260 million passengers per year. In this special report Phil Blizzard takes a look at major airport projects in Bahrain, Kuwait, Saud

Argentine has renewed its pledge to work closely with the Kingdom to boost its bilateral relations, especially in the areas of science, nuclear energy and economy. Jaime Sergio Cerda, Argentine ambassador, said that both countries had evinced keen interes

Saudi Electricity Company announced Friday that it has signed 11 contracts worth SR2 billion to set up power transport lines, gas-powered generating units and transformers in different parts of the country to beef up supply to meet growing demand.

The executive chairman of Orascom Telecom, Khaled Bichara, will step down from his post at the end of 2011 and the board has yet to elect a new chairman, the company said in a statement on Monday.

Orascom Construction Industries (OCI) announced today that its Board of Directors has decided to file with the relevant authorities to start the process to effect a demerger of the company’s construction business from its fertilizer business.

Six new office, hotel and residential projects have been launched as part of Dubai Maritime City’s (DMC) $680m 121-hectare Business District development, it was announced on Tuesday.

Schneider Electric walked away with two distinctions at the Data Centre Middle East Awards 2011.

Construction Industries (OCI) announced today that a 50/50 joint venture with the BESIX Group has been selected for the award of the third phase of the Egyptian Grand Museum valued at approximately US$ 810million. The museum will be located on the Cairo-A

Kuwait’s Ministry of Electricity has signed three contracts totalling $9m with Swedish company ABB for power transmission networks.

Iran has commenced construction on a 420 km major oil pipeline, according to local news serviceTehran Times.

Developer Egyptian Resorts (ERC) (EGTS.CA) plans to launch its delayed Sawari project in the second quarter of 2012, the firm's chief executive officer said on Wednesday.

Emaar Misr, the wholly owned subsidiary of Emaar Properties PJSC, has signed an EGP 297 million contract with Hassan Allam Sons Construction Company for undertaking construction work on Uptown Cairo, Emaar Misr is 4.5 million sq m master-planned commun

Microsoft has announced a deal to acquire video search engine company VideoSurf.

Iraq signed a final $17 billion deal with Royal Dutch Shell and Mitsubishi on Sunday to capture flared gas at southern oilfields, a project that should boost production of badly needed electricity. The 25-year project, one of the largest Iraq has signed.

Hyder Consulting has clinched the largest contract award ever to be won in the history of the group. The contract is a five-year engineering services framework for the north of Doha.

Qatar's cabinet is expected to approve the draft of a law that would allow GCC companies to set up operations in the country, reports The Peninsula. The draft that was forwarded to the Advisory Council has already been approved unanimously.

Gulf International Bank (GIB) organised a ceremony in Manama, Bahrain recently to commemorate the signing of $2.26bn worth of contracting facilities for the Saudi Binladin Group (SBG) to finance the expansion and development of King Abdulaziz Internationa

The $1.65bn, 400 retail unit Doha Festival City will be "fully operational" by 2014, according to Marwan Shehadeh, group director: corporate development, Al Futtaim Group, during the groundbreaking ceremony yesterday.

Parsons has been awarded a project management consultancy (PMC) contract by Abu Dhabi General Services PJSC (Musanada) for the infrastructure at Shamkha South.

Emaar Properties, developer of the world’s tallest building, is in talks with several UAE emirates to roll out affordable housing schemes and plans to concentrate on Dubai first, its chairman said.

Orascom Construction Industries (OCI) announced today that its Fertilizer Group has signed an agreement to acquire minorities in its Texas-based subsidiary Pandora Methanol LLC (Pandora) one week ahead of scheduled ammonia production. The acquisition take

Orascom Construction Industries (OCI) announced that its wholly owned Fertilizer Subsidiaries have signed Credit Facilities totaling approximately US $ 1.9 billion with international, regional and local relationship banks.

The BESIX Group announced last Friday that Six Construct, a 100% BESIX Group owned subsidiary, was awarded the main construction contract for Yas Mall valued at EUR 416 million.

Egypt's Orascom Telecom appointed Khalid Ellaicy as the firm's new chief financial officer (CFO)

Egypt Kuwait Holding Co. (EK Holding) and its subsidiary Tri Ocean Energy inked yesterday an agreement to purchase a 36% stake in Egypt Hydrocarbon Co. (EHC).

Lafarge, the French cement giant, is considering a research laboratory in the Middle East that will develop a range of concrete and additives suitable to the regional climate, according to an executive.

CAIRO: ASEC Engineering, a portfolio company of ASEC Holding, signed three five-year renewable contracts to provide technical management services for cement plants in Qena, Beni Suef and Assuit, according to a statement.

Orascom Construction Industries (OCI) announced that it has been awarded the civil works package worth US$ 181 million for the 1,500 MW combined cycle power plant in Giza, Egypt. The project was awarded by the Cairo Electricity Production Company ...

Drake & Scull International saw net profits rise by more than a fifth in the second quarter as contract wins and a growing back-log supplement the company’s regional expansion.

An Egyptian cement company is reporting losses for the first half of this year.

Kingdom Holding, the Saudi firm owned by billionaire businessman Prince Alwaleed, has signed a construction contract to build the world’s tallest tower in Jeddah.

Majid Al Futtaim (MAF) Properties has started working on the first phase of Khams Shamat, its 150ha mixed-use project in Syria. The project will include the largest shopping mall in the Levant region.

(OCI) announced today that its Saudi Arabian incorporated subsidiary, Orascom Saudi Limited Company (OSL), was awarded infrastructure work valued at US$ 450 million.

Hill International is planning to issue a tender for the main construction contract for the expansion of Bahrain International Airport at the start of 2012, according to an executive.

Zamil Industrial Investment Company, the manufacturing conglomerate with business lines in the construction sector, said net profits for the second quarter and half-year fell 24% and more than 28% respectively, as price competitiveness squeezed margins.

MANAMA, Bahrain, / Bahrain International Airport (BIA) will begin a new expansion program that is expected to increase the airport's capacity by 50 percent.

Emaar Properties, the UAE’s biggest developer by market value, confirmed Tuesday it had sold 409 units in a property project in Syria.

Drake & Scull International, the Dubai-based construction company, said Monday it had won a project contract worth $26m in Qatar.

ABB, the Swiss power and automation technology group, announced that it had won an $85m contract from Saudi Arabia’s AlFanar Construction, to supply 380 kilovolt indoor gas-insulated switchgear (GIS) for sub-staions along the Haramain rail line currently

Calgary-based TransGlobe Energy Corp. has announced the signing of a Sale and Purchase Agreement (SPA) to acquire a 50% operated working interest in the South Alamein Concession in the Arab Republic of Egypt from Cepsa Egypt, an owned Spain Co. subsidiary

Apache Corp. has reported five new oil discoveries in its Faghur Basin play in the far southwest of Egypt's Western Desert oil and gas province. Apache also said that the AG-96 development well in the Abu Gharadig Concession tested 3,347 barrels of oil &

A deal between ThyssenKrupp, Germany's biggest steelmaker, and Abu Dhabi’s MAR, a company which builds and refits yachts has been cancelled due to political changes in the Middle East.

TMG Holding announced that the company increased issued capital from LE 20.132.314.980 to LE 20.635.622.860

The first tender for Qatar’s $36bn railway and metro system will be offered at the end of the year, the deputy chairman of the Qatar Railways Company said on Tuesday in Doha

Adrian Smith, the architect of Dubai's Burj Khalifa, is the 2011 winner of the Lifetime Achievement Award from the Council on Tall Buildings and Urban Habitat (CTBUH).

Kuwaiti Egyptian Holding Company aims to pump US$35m to finance a new fertilizer project in Egypt, according to Sahar Farahat, vice president of administrative and financial affairs of the company

Iraq has signed a preliminary deal with France for the development and construction of the oil-rich nation's airports

Drake & Scull International said it has been awarded a contract from Real Estate Investment for a hospitality project in Sharm El Sheikh in Egypt, its second deal of its kind for the company.

Dubai airports are set for $6bn expansions and developments, announced Khalifa Al Zaffin, Executive Chairman of Dubai World Central, at the 11th edition of the Airport Show 2011.

Projects worth $122.4m are underway in Qatar as the Ministry of Endowment (Awqaf) and Islamic Affairs begins plans to prepare more than 1,400 mosques ahead of this year's Ramadan celebrations.

Orascom Telecom Holding SAE (ORTE), North Africa’s biggest mobile network operator, said its wholly owned Telecel Globe unit agreed to sell its subsidiary in Namibia to Investec Ltd. (INL) and Nedbank Group Ltd. (NED)

The $27bn Makkah Development Plan (MDP) will be showcased at Future Makkah, the Makkah International Urban & Infrastructure Development Event, to be held from 19 to 21 June at the Jeddah Centre for Forums and Events

A senior delegation from Majid Al Futtaim (MAF) Holding, led by CEO Iyad Malas, visited Cairo yesterday to meet with the Egyptian Prime Minister Dr Essam Sharaf to discuss significant expansion plans.

RWE Dea Egypt has announced a further gas find in the North El Amriya concession. The company, as operator, holds a 100% stake in the concession.

The new $436m (AED1.6b) highway between Dubai and Fujairah is set to open in July of 2011, the UAE Ministry of Public Works announced on Saturday.

Circle Oil has announced the 2011 update to Ultimate Recoverable Resources (URR) for the NW Gemsa Concession, Egypt, and the Sebou Permit, Morocco, which indicates a significant increase over the 2010 URR estimates for both permits. The updated gross esti

Eni said it would invest $3.0 billion (2.0 billion euros) in Egypt over the next two years, ramping up operations there in the wake of a popular revolution.

MARLTON, N.J. and MAKKAH, Saudi Arabia, on May 17, 2011 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced that a joint venture of Hill and TPM Engineering Consultancies has been awarded a contrac

Apache Corp plans to explore deeply buried rock formations, including shales, in Egypt's Western Desert for oil and natural gas beginning later this year, the head of the company's Egyptian unit said.

Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum will launch the Dubai Metro Green Line in September, the Roads and Transport Authority (RTA) said on Saturday.

SAS International has opened a dedicated training suite offering contractors flexible training and seminar programs.

MARLTON, N.J. and BAGHDAD, on the 2nd of June, 2011 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced that it has received a contract from TRAC Development Group, a South Korean real estate deve

El Sewedy Electric Co., The Egyptian maker of cables, said its Qatar unit Doha Cables won a $440- million contract from the Qatar General Electricity & Water Corp., also known as Kahramaa.

The ARZ building rating system has been launched by the Lebanon Green Building Council (LGBC). The system will evaluate the energy efficiency of commercial buildings in the country to encourage better resource management, which decreases energy costs and

Emaar Properties, the Dubai based property developer, said that it would not change the board of its Indian joint venture, Emaar Hills Township Private Limited (EHTPL), despite a stalemate with the Andhra Pradesh government.

Qatar will complete the construction of its first World Cup 2022 stadium in 2015, a senior official announced .

Orascom Construction Industries said its net income for the first quarter soared 76% against the same period last year, with revenue also rising, despite the political revolution in Egypt that brought the stock market and industry to a halt.

South Korea-based Hyundai Engineering & Construction has secured a contract from the Iraqi Ministry of Electricity to increase the capacity of its Al-Quds, Iraq gas plant to 1,400MW from its current 900MW capacity.

Up to 12 hotels will be built and operational in the Saudi holy city of Mecca by early 2014 as part of a $5.5bn investment by the Jabal Omar Development Company, one of Saudi Arabia’s biggest developers; it was announced earlier this week.

Orascom Construction Industries (OCI) announced today that its wholly owned subsidiary, OCI Nitrogen (Netherlands), has acquired an integrated ammonia-methanol plant located in Beaumont, Texas, on the Gulf Coast of the United States. OCI acquired the plan

Nakheel is to become a separate, government-owned entity By next month, splitting from its parent company, Dubai World, a company spokesperson has said, following the restructuring of its $10.8bn debt.

Drake & Scull Construction (DSC), a subsidiary of Drake & Scull International, has reported ongoing progress on its MEP contracts in Saudi Arabia, according to executive director Saleh Muradweij.

Dana Gas, the Middle East's first and largest regional private sector Natural gas Company has announced its latest gas discovery in the Nile Delta, Egypt.

Although works on its Syrian projects have been temporarily halted, Qatari Diar Real Estate Investment said on Thursday that it was committed to completing them once the security situation stabilises.

Irish oil explorer Petroceltic is considering oil and gas deals in Tunisia and Egypt to take advantage of a funding gap brought about by unrest in the North African region, said its chief executive.

Led by project deliveries in the UAE and international markets, and the robust performance of its hospitality & leisure and shopping malls & retail businesses, Emaar Properties PJSC recorded a net profit of AED 421 million (US$ 115 million) in the first q

TransGlobe Energy has signed a Sale and Purchase Agreement (SPA) to acquire a 100% working interest in the West Bakr Concession agreement in the Arab Republic of Egypt from The Egyptian Petroleum Development Co. Ltd. (of Japan) (EPEDECO) subject to the ap

Orascom Construction Industries (OCI) announced today that it has signed a Memorandum of Understanding (MOU) with Maire Tecnimont to explore potential fertilizer opportunities in sub-Saharan Africa.

The Royal Sporting Club Anderlecht and BESIX have signed an agreement for the realization of the existing stadium extension and the adjoining infrastructures.

Orascom Construction Industries (OCI) announced today that it has formed a joint venture with Arab Contractors to bid on nuclear power projects in Egypt and the Middle East. Several countries in the region have announced their intentions to initiate nucle

Orascom Construction Industries (OCI), Egypt’s largest general contracting firm, has signed a deal with Emaar Misr for two projects worth a combined $141m.