Friday 22 May 2015
 
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Drake & Scull Q1 profit falls 38pc

Dubai's Drake & Scull (DSI) reported a 38 per cent drop in first-quarter profit on Thursday, missing an analyst's estimate as revenue fell, and it warned that difficulties in Saudi Arabia would affect its performance this year.

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Drake & Scull Q4 profit down; 2014 revenue hits $1.31bn

Drake & Scull, a regional leader in the integrated design, engineering and construction fields, reported a 70 per cent drop in fourth-quarter net profit on Sunday. The Dubai-headquartered contractor made a profit of Dh13 milli

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Drake & Scull clinches $49m residential tower deal

 Dubai-based contractor Drake and Scull International (DSI) said one of its subsidiaries has been awarded a Dh180 million ($49 million) engineering contract for a 38-storey residential tower, located at Jumeirah Village South in Dubai, UAE.

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Kuwait contractor Mushrif wins key refinery project

Mushrif Trading and Contracting, one of the leading civil construction companies in the region, has won a civil works contract for the expansion of Mina Abdullah Refinery in Kuwait. The KD4.26 million ($14.46 million) contract was

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Drake and Scull asks to treat Gulf investors as nationals

Dubai contractor Drake and Scull will seek regulatory approval to treat investors from Gulf Cooperation Council (GCC) countries the same as those from the United Arab Emirates, the firm said in a statement on Thursday. Dubai-liste

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Drake and Scull asks to treat Gulf investors as nationals

Dubai contractor Drake and Scull will seek regulatory approval to treat investors from Gulf Cooperation Council (GCC) countries the same as those from the United Arab Emirates, the firm said in a statement on Thursday. Dubai-liste

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MMG's recovery plan gets board approval

Saudi contractor Mohammad Al Mojil Group's (MMG) board had approved a recovery plan that uses most of its existing capital base to pay off debts and new cash raised through a share issue, it said on Sunday. The firm, which got

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Bapco achieves new safety record

A new record in safety has been achieved by employees of the Bahrain Petroleum Company (Bapco) and its contractors with the completion of three million hours or 111 days without a lost time injury (LTI). The achievement coincides

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Al Hassan achieves new safety milestone

Leading Omani contractor Al Hassan Engineering Company (AHEC) has achieved a major milestone clocking 2 million lost time injury (LTI)-free man-hours at the OOCEP Gas &Condensate Export Pipelines Project in the Sultanate. To m

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Drake and Scull profit rises 61pc in 2013

Dubai-based Drake and Scull made a net profit of 185 million dirhams ($50.37 million) in 2013, up from 115 million dirhams in 2012, the building contractor said on Thursday. Fourth-quarter profit was 40 million dirhams, according

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