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    Saudi: Ssangyong, SNAM ink local production deal

    Ssangyong Motor has signed a licencing contract for automotive parts with Saudi National Automobile Manufacturing Co (SNAM). Under the terms of the agreement, Ssangyong will provide technological assistance to SNAM in building an auto production factory, localising car parts, and training technicians

    02 2017-02-28 arow
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    McDermott secures $34.1m net profit in 2016

    Engineering and construction firm, McDermott, reported a net income for the full-year of 2016 of $34.1m, compared to a net loss of $18m in 2015. Revenues earned in 2016 totalled $2.63bn, a decrease of $434.3m, compared to $3.07bn in the previous year, a company statement said

    02 2017-02-28 arow
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    Gettco Construction bags 33-story tower project

    The construction of Al Seeliya Tower project has been awarded to Gettco Construction. Located in the heart of West Bay, Doha’s prominent business area, the 33 storey and 4,0000m² Al Seeliya Tower, consists of a residential hotel/serviced apartments.

    02 2017-02-28 arow
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    Transguard, Al Tadawi open $560k Jebel Ali clinic

    Transguard has joined forces with Al Tadawi Medical Centre to develop a medical clinic in Jebel Ali, Dubai. The clinic, which is located within Transguard’s Jebel Ali accommodation facility, has cost the companies a combined $560,000 (AED2.07m) for construction, fit-out, and equipment.

    02 2017-02-28 arow
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    UAE fuel prices to increase in March 2017

    Fuel prices are set to increase in the UAE from 1 March, 2017. Super 98 octane and diesel will cost more than AED2 per litre during the month, with their values set at AED2.03 and AED2.02, respectively.

    02 2017-02-28 arow
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