Friday 22 September 2017
 
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S African builder Murray & Roberts to quit Middle East

Murray & Roberts, a leading South Africa-based construction, engineering and mining contractor, is set to quit its Middle East operations after failing to sell them during its disposal of infrastructure and building business, said a report.

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Korean builder SK wins $3.6bn Iran power projects

Korean builder SK Engineering & Construction has clinched a 4.1 trillion won ($3.6 billion) contract to build and operate five new power plants in Iran, according to a report. Under this deal, SK E&C will start building a

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Korean builder SK wins $3.6bn Iran power projects

Korean builder SK Engineering & Construction has clinched a 4.1 trillion won ($3.6 billion) contract to build and operate five new power plants in Iran, according to a report. Under this deal, SK E&C will start building a

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Arabtec eyes $408m rights issue as 2016 loss widens

Arabtec Holding, a leading construction company in the Middle East, is planning to raise Dh1.5 billion ($408 million) from a rights issue after posting a second yearly loss in 2016, according to a report. This has widened to Dh3.4

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No material news to affect share price: Arabtec

Dubai-listed builder Arabtec said on Tuesday that there was no material news, either technical or operational, to affect its share price. In a brief statement to the bourse, the company made no further comment. The

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No material news to affect share price: Arabtec

Dubai-listed builder Arabtec said on Tuesday that there was no material news, either technical or operational, to affect its share price. In a brief statement to the bourse, the company made no further comment. The

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Arabtec swings to Q3 net loss

Dubai-listed builder Arabtec swung to a net loss of Dh944.8 million ($257.3 million) in the three months to September 30, it said in a statement to Dubai's bourse. This compares with a profit of Dh68.7 million in the correspon

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Bahraini woman eyes top bodybuilding contest

A Bahraini woman is blazing a trail to become the country’s first female professional bodybuilder. Haifa Al Musawi, 32, has set her sights on winning a women’s title in Mr Olympia – one of the most prestigious co

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Xerox’s new tool set to drive channel partners' revenue

Channel partners now have new ways to drive revenue and strengthen client relationships with Xerox’s Personalized Application Builder and enhanced Global Partner Program, said a top official. Chris Govier, general manager, M

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Arabtec eyes funding for big Egypt housing project

Dubai builder Arabtec said on Wednesday it was in talks with several local and international banks on financing the first phase of its project to build one million housing units in Egypt. Arabtec, which has yet to sign a final dea

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