Construction

Zoomlion quits plan to acquire Terex Corp

Zoomlion emerged as a bidder only this January. (Image Source: Rudenoon/Flickr)

Zoomlion has abandoned its US$3.4bn bid to acquire Terex Corporation, today, after failing to agree terms

Private funding critical for mega projects in GCC, PwC reveals

Greater involvement from the private sector would bring other benefits, including better project performance and an increase in incentives for delivering projects on time and budget, according to PwC. (Image source: Ian Munroe/Flickr)

Dwindling government revenues in the GCC mean that funding from the private sector will be critical for large-scale projects to go ahead, a PricewaterhouseCoopers (PwC) survey has revealed

Caterpillar launches regional training hub in Dubai

(From left) Ibrahim Mohammed Al Janahi, deputy CEO and chief commercial officer of the Jebel Ali Free Zone with Raymond Chan, Caterpillar V-P for Asia Pacific, CIS, Africa & Middle East Distribution Division. (Image source: Caterpillar)

Caterpillar has opened a regional training centre for the Middle East and Africa (MEA) in Dubai, UAE

Global market for drone technology valued at US$127bn

The infrastructure industry is predicted to have the best prospects for drone applications with a market value of US$45.2 bn. (Image Source: Richard Unten)

A study by PricewaterhouseCoopers LLP (PWC) has revealed that the emerging global market for business services using drones has been valued at more than US$127bn

International Trade Solutions' portfolio continues to expand

Eurolls showcased its lattice girder lines, which feature an innovative in-line wire production process, during two open house presentations.

Dubai-based International Trade Solutions FZE (ITS) has continued to expand its portfolio of wire products as it targets becoming the leading turnkey solution provider for the wire industry?s capital equipment requirements