Friday 18 April 2014
 
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Arabtec

Arabtec AGM to discuss dividend, projects

Arabtec Holding, a leading engineering group, will hold its Annual General Meeting (AGM) in Abu Dhabi on April 30, where it will review the proposed distribution of 40 per cent dividends, 10 per cent in cash and 30 per cent in bonus shares.

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Arabtec names construction unit chief

Arabtec Holding, a leading engineering and constructions group, has appointed Dr Nabil Ailabouni as the chief executive officer of Arabtec construction. Dr Ailabouni will be responsible for the global operations of Arabtec constru

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Arabtec in talks for new Egypt JV

Dubai-based engineering and construction group Arabtec is in discussion with the Egyptian government to set up a new joint real estate company for the development of the previously announced one million residential units in the country, said a

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Arabtec triples net profit, jobs soar

Net profits at Dubai builder Arabtec more than tripled in the final three months of last year, underpinned by an increasing backlog of work and growth in its key markets in the United Arab Emirates and Saudi Arabia, the company said on Tuesday.

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Huge housing deal signals Gulf investment push into Egypt

A $40 billion deal for Dubai firm Arabtec to build one million homes in Egypt may mark the start of politically-inspired Gulf investment in the country's creaking infrastructure, from housing to transport, power generation and agriculture.

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HUGE DEAL: Arabtec inks $40bn Egypt housing project

Dubai's leading engineering and construction group Arabtec Holding has signed an historic agreement with Egypt’s Defence Ministry to develop and construct one million housing units in a project worth 280 billion Egyptian pounds ($40.23

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Arabtec unit wins $282m Emaar contract

A subsidiary of Dubai builder Arabtec Holding has won a 1.04 billion dirham ($282.33 million) contract to build over 1,500 townhouses for developer Emaar Properties, Arabtec said on Wednesday. The subsidiary, Arabtec Construction, will

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Arabtec 'will continue' expansion strategy

Arabtec Holding, a leading engineering and construction group of companies, reaffirmed today that it will continue to explore prevailing opportunities for mergers and acquisition in the markets of the UAE and the Middle East and North Africa reg

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Arabtec denies plans to buy Kuwait's Kharafi

Dubai builder Arabtec on Wednesday denied that it planned to acquire Kuwaiti construction firm Kharafi National. Sources familiar with the discussions told Reuters on Monday that Arabtec had been in talks with Kharafi National, pa

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Arabtec shares suspended on regulator request

Shares of Dubai builder Arabtec were suspended from the start of formal trading at 0600 GMT on Wednesday following a request from the stock market regulator. No reason was provided for the suspension of trading. Ara

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