IFS, a global enterprise applications company, recently introduced an enhanced solution – IFS Applications for Project-Centric – that supports project-operated industries in the Gulf’s construction sector, providing them with a comprehensive solution for all aspects of project, contract and asset management.

Creation of closed-ended funds to raise equity has been gaining popularity in the UAE’s construction sector, according to newly-formed Omniyat Investment Management (OIM), which claims to be the first company of its kind that is affiliated to a freehold property developer (Omniyat Holdings).

Managing energy costs in today’s volatile geo-political and economic environment is not an easy task. Combined with energy prices now at all-time highs and an ageing building stock, many organisations are facing a complex problem.