DEME Group announced its half-year results for 2026 this morning. Group turnover in the first half of 2026 amounted to 2.2 billion euros, up 2% year-over-year. Offshore Energy revenues increased by 6% to a record semester level of 1.2 billion euros, driven by the continued successful execution of pr
Red Sea Gateway Terminal (RSGT) and CMA CGM Group have signed definitive agreements to jointly develop and operate Terminal 4 at Jeddah Islamic Port, in collaboration with Saudi Ports Authority (Mawani). The project will bring approximately $434 million in investment into Jeddah Islamic Port and cre
Nauplius Workboats said that their new Delta Multi Craft (DMC) 1450 has officially been launched. Built for their strategic partner Royal IHC, the DMC 1450 will soon begin her next chapter, supporting dredging operations in the Middle East. “The DMC1450 with it’s length of 14.5 meter and a breadth o
DP World said that they have reached a significant milestone in its US$800 million investment program to transform the Port of Tartous, completing the delivery of three Mobile Harbor Cranes (MHCs) that will strengthen Syria’s trade infrastructure and support the country’s economic recovery. The thre
Palm Jebel Ali is one of the most ambitious development projects in Dubai. The artificial island is designed in the shape of a gigantic palm tree, with a central trunk and sixteen leaves. The project is part of the Dubai 2040 Urban Master Plan, which focuses on large‑scale and well‑connected communi
Royal IHC said that they have consolidated the recent years of strategic realignment during 2025 and laid the basis for further growth in its order book and revenues, and is on track towards net profitability. These improvements are reflected in the increased financing facilities available to Royal
BlueFive Capital has acquired a 70% stake in Gulf Cobla LLC, a UAE-based dredging and land reclamation company. As part of the transaction, BlueFive Capital will acquire the entire 49% shareholding held by Advanced Dynamics Investments, an affiliate of Saudi Binladin Group, together with a 21% stake
AD Ports Group and Emirates Global Aluminium (EGA) have signed an agreement to enhance EGA’s dedicated berth at Khalifa Port. Under the agreement, AD Ports Group and EGA will jointly invest AED 84 million ($22.8 million) in a multi-phase berth enhancement program to upgrade EGA’s dedicated port
Say ‘Dubai’ and many people will automatically picture the palm-shaped island – Palm Jumeirah. This artificial island off the coast of Dubai can be seen from space and is one of the major tourist attractions of the United Arab Emirates. The project offers an unparalleled example of dredging and land
NMDC Group said that NMDC Infra, a wholly owned subsidiary, has signed a contract with TAQA Water Solutions Company, a unit of Abu Dhabi National Energy Company (TAQA), for the construction of an emergency Lagoon for the Abu Dhabi region. According to a statement to the Abu Dhabi Securities Exchange
NMDC Group today posted a strong set of financial results for 2025, reporting revenues of AED28.8 billion ($7.8 billion), up 10 percent y-o-y, with the UAE representing 81 percent of total revenues and international markets representing the remaining 19 percent. According to NMDC, net profit surged
