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Drake & Scull posts $135m Q3 net lossDrake & Scull International, a regional leader in engineering and construction services, said it has incurred a net loss of Dh498 million ($135 million) for the third quarter. Announcing the third quarter results, the leading More… |
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Arabtec swings to $195m Q2 loss as costs riseDubai's largest listed construction firm Arabtec swung to a net loss of Dh718.3 million ($195.59 million) in the three months to June 30 as against a profit of Dh102.4 million ($27.88 million) in the corresponding period of 2014. More… |
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Al Rumaithi named new Arabtec chairmanDubai builder Arabtec said on Wednesday that its board had elected Abu Dhabi businessman Mohamed Thani Murshed Ghannam Al Rumaithi as its new chairman in a move that analysts said could unnerve investors who have witnessed much turmoil in recent More… |
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Aabar to tighten grip on Dubai builder ArabtecA subsidiary of Aabar Investments has received regulatory approval to buy a further 100 million shares in Arabtec, strengthening the Abu Dhabi state-run fund's hold on the Dubai-listed builder, according to a bourse filing on Monday. More… |
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Arabtec blames Q2 loss on project delaysProject delays were to blame for Arabtec's second-quarter loss, the Dubai builder's chief financial officer said on Tuesday, predicting the company would bounce back soon as contracts in Saudi Arabia and Abu Dhabi hit the bottom line. More… |
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Arabtec rules out talks on Aabar stakeArabtec has no plans to renew talks with Abu Dhabi state fund Aabar Investments on taking a stake in the Dubai builder because its funding needs have eased, its chief financial officer said. Sovereign fund Aabar, which owns stakes in Germa More… |
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Arabtec rules out talks on Aabar stakeArabtec has no plans to renew talks with Abu Dhabi state fund Aabar Investments on taking a stake in the Dubai builder because its funding needs have eased, its chief financial officer said. Sovereign fund Aabar, which owns stakes in Germa More… |
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Arabtec plans to launch rights issue, bond saleDubai builder Arabtec said its board will call a shareholders meeting to seek approval for a capital raise through a rights issue and sale of five-year convertible debt. The largest builder in the United Arab Emirates by market value, More… |
