Tuesday 2 September 2014
 
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Arabtec

Petchems lift Saudi to 6-year high

Expectations of strong global demand for petrochemicals supported the uptrend in Saudi Arabia's stock market on Wednesday, lifting the bourse to a fresh six-year high, while Dubai builder Arabtec jumped on hopes that a key shareholder would

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Arabtec ex-CEO eyes $1.3 per share

Hasan Ismaik, the former chief executive of major Dubai construction firm Arabtec, said he was in talks on selling some of his stake to Abu Dhabi's Aabar Investments and wanted over Dh5 ($1.3) per share,  about 4 per cent above the curr

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Arabtec Q2 net up 11pc, misses estimates

Arabtec, the construction company at the centre of Dubai's stock market turmoil, reported an 11 percent rise in second-quarter profit on Sunday, missing analysts' estimates. Net profit climbed to 103 million dirhams ($28.1

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Arabtec ex-CEO trims stake in firm

Dubai construction company Arabtec's former boss has sold about $4 million worth of shares in the group this week, cutting his stake slightly, stock exchange data showed. Arabtec's shares have swung around wildly this year

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Arabtec ex-CEO trims stake in firm

Dubai construction company Arabtec's former boss has sold about $4 million worth of shares in the group this week, cutting his stake slightly, stock exchange data showed. Arabtec's shares have swung around wildly this year

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Arabtec plunges again, drags Dubai down further

Dubai's bourse dropped sharply minutes after opening on Monday as shares in builder Arabtec plunged for a second day in a row. Arabtec tumbled its 10 percent daily limit while the Dubai index dropped 3.9 percent. Developer Uni

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Arabtec tumbles 10pc after Aabar statement

Shares in Dubai builder Arabtec plunged in early trade on Sunday after Aabar Investments, one of its major shareholders, did not confirm a report which said Aabar was in talks to increase its stake. Arabtec tumbled its daily 10 pe

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Trading in Arabtec shares suspended

Regulators in the United Arab Emirates suspended trade in shares of Dubai construction firm Arabtec on Thursday, in a sign they intend to become more active in pushing companies to disclose information. Arabtec shares, which are o

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UAE regulators take aim at markets after Arabtec debacle

Fifty billion dollars may be enough to trigger major changes to regulation of the Arab world's second biggest stock market. That sum is the value wiped off the Dubai and Abu Dhabi stock exchanges since May by the bursting of a

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Arabtec surges; earnings lift Qatar

Dubai's bourse outperformed a generally strong region on Tuesday as construction firm Arabtec surged on hopes for positive news from the company or one of its major shareholders. Arabtec soared 13.6 percent to a one-month high

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