Dubai Investments to sell Emicool stake in Q4 2018
Feb 11, 2018
Dubai Investments plans to sell shares in its district cooling unit Emicool in Q4 and aims to start a $817m (AED3bn) real estate investment trust as it seeks to boost profit
Union Properties downsizes contracting unit to 'closure level'
Nov 15, 2017
The listed developer said its MEP subsidiary, Thermo LLC, "faced significant issues, and is still facing them"
UAE's Tabreed inks $412m Islamic finance deal
Jun 29, 2017
The finance facility, with a termination date of 2027, will refinance part of Tabreed's senior bank debt, and "also provide some additional funds" for investment
UAE's Empower cancels IPO plans amidst oil turmoil
Feb 24, 2016
Expansion plans into Qatar and Saudi Arabia have also been stalled after state spending was cut in light of low oil prices, CEO Ahmed Bin Shafar said
DSI-Aconex eye BIM with MENA-driven agreement
Sep 16, 2015
Drake & Scull International will standardise the use of Aconex's technology across all of its construction projects throughout the MENA region as a part of its agreement

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