The Tadawul-listed company attributed its net loss to low product prices
Kingdom
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Oil prices spur growth in GCC rental power sector
The preference for rental over purchase is expected to continue in 2016 as low market liquidity increases the risk of project slowdown and delays
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‘GCC portable power to steadily grow in 2016’
Industry expert says large-scale construction work in the region is fuelling demand for “reliable” temporary power solutions
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Big 5 2015: ‘Oil price makes Middle East hesitant’
“There is definitely a hesitation in the market”, ElectroMech chief tells Construction Week at The Big 5 Dubai
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Oman-Saudi road completed using 95 Volvo units
Supporting administrative infrastructure work has delayed the opening of the project, which used 95 pieces of Volvo Construction Equipment’s units, an official said
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Saudi Arabia to follow UAE on fuel subsidies?
Reports suggest the UAE has “advised” Riyadh to “start small” as it considers the removal of fuel subsidies to combat plummeting oil prices and stabilise state expenditure and revenue
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ABB books $150m power deal in Saudi Arabia
The scope of work involves the expansion of five substations, which are expected to accommodate Saudi’s increased electricity generation
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Saudi Arabia cancels $201m Spanish rail contract
Oil price variations are suggested to have caused the Kingdom cancelling its agreement with Spain’s Talgo for the delivery of six high-speed trains