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Results for

arabtec

52 Results
  • Dubai-based Burj Khalifa builder Arabtec to close down, file for liquidation: Sources

    Dubai-based Burj Khalifa builder Arabtec to close down, file for liquidation: Sources

    Shareholders in Dubai construction company Arabtec Holding voted on Wednesday to discontinue the company and authorised the board to file for an ...
    Economy
  • Arabtec in talks with UBS to advise on construction merger

    Arabtec in talks with UBS to advise on construction merger

    Dubai-based Arabtec Holding is in talks to appoint UBS as a financial advisor for its potential merger with construction company Trojan Holding LLC, ...
    Economy
  • Arabtec wins contract to build UAE Pavilion for Dubai Expo 2020

    Arabtec wins contract to build UAE Pavilion for Dubai Expo 2020

    Arabtec Construction, known for its landmark projects such as the Louvre Abu Dhabi and the expansion of Abu Dhabi Airport, has been awarded the ...
    Property
  • Dubai’s troubled Arabtec working with boutique investment bank Moelis

    Dubai’s troubled Arabtec working with boutique investment bank Moelis

    Loss-making Dubai construction firm Arabtec is working with boutique investment bank Moelis to study options for the company’s capital structure ...
    Economy
  • Arabtec second quarter net loss narrows but costs still weigh

    Arabtec second quarter net loss narrows but costs still weigh

    Improvement in second half of year crucial for firm to break even this year, says analyst
    Property
  • Egypt’s stalled $35 bln housing scheme: big dreams to harsh reality

    Egypt’s stalled $35 bln housing scheme: big dreams to harsh reality

    Work has not started and Arabtec has yet to submit a building plan
    Property
  • Dubai’s Arabtec shares drop after Egypt project speculation

    Dubai’s Arabtec shares drop after Egypt project speculation

    Reports that a large housing deal between Arabtec and the Egyptian government fell through led to a drop in the Dubai bourse index
    Financial Markets
  • Dubai builder Arabtec swings to surprise net loss in Q1

    Dubai builder Arabtec swings to surprise net loss in Q1

    The earnings were well below estimates from two analysts polled by Reuters
    Business
  • Dubai’s Arabtec says in talks with banks to fund Egypt project

    Dubai’s Arabtec says in talks with banks to fund Egypt project

    Arabtec did not say how much it was looking to borrow or provide any other details
    Economy
  • Arabtec agrees terms with Egypt for $40 bln housing project

    Arabtec agrees terms with Egypt for $40 bln housing project

    The first phase of the $40 billion plan is to build one million homes across Egypt
    Business
  • Dubai’s Arabtec wins $283 mln contract from Saudi Aramco

    Dubai’s Arabtec wins $283 mln contract from Saudi Aramco

    The company said it had also recently won other contracts from Saudi Aramco worth 930 million dirhams via unit Target Engineering
    Energy
  • Dubai's Arabtec seeks to sell four Saudi units

    Dubai's Arabtec seeks to sell four Saudi units

    The board of Arabtec has approved disposing of Arabtec Saudi Arabia
    Middle East
  • Dubai's Arabtec swings to loss, blames high expenses

    Dubai's Arabtec swings to loss, blames high expenses

    Last year's profits were hit by non-recurring general and administrative expenses
    Property
  • Egypt, Arabtec near agreement on $40 bln housing project

    Egypt, Arabtec near agreement on $40 bln housing project

    Arabtec executives will visit Cairo within 10 days to sign the final contract, the media advisor for the housing minister said.
    Economy
  • UAE’s Arabtec wins $253 mln of Saudi petro work

    UAE’s Arabtec wins $253 mln of Saudi petro work

    The projects include upgrading liquefied gas and refinery facilities for national oil firm Saudi Aramco
    Property
  • Abu Dhabi’s Aabar gets approval to tighten grip on Arabtec

    Abu Dhabi’s Aabar gets approval to tighten grip on Arabtec

    Aabar’s move to raise its shareholding follows a bitter struggle with former Arabtec chief executive Hasan Ismaik
    Property
  • Gulf stocks rebound strongly as oil price steadies

    Gulf stocks rebound strongly as oil price steadies

    Dubai Financial Market Index - which had been the region’s biggest loser - rose 11.5 percent
    Business
  • Egypt housing project talks slowed by Arabtec board changes-minister

    Egypt housing project talks slowed by Arabtec board changes-minister

    Mostafa Madbouly said he believed that would only have a minor impact on the project’s delivery
    Property
  • UAE’s Arabtec to launch huge Egypt housing project by year-end

    UAE’s Arabtec to launch huge Egypt housing project by year-end

    In March, Arabtec announced it would build one million homes in Egypt in a $40 billion project
    Property
  • UAE's Arabtec finalizes plan $40bn Egypt housing scheme

    UAE's Arabtec finalizes plan $40bn Egypt housing scheme

    The project would not only mark a huge expansion of Arabtec's business but also boost Egypt's struggling economy
    Property
  • Arabtec lifts Dubai, Bahrain’s GFH rises on financing deal

    Arabtec lifts Dubai, Bahrain’s GFH rises on financing deal

    Abu Dhabi’s bourse was nearly flat while Qatar edged up 0.5 percent
    Financial Markets
  • Aldar pulls down Abu Dhabi, Barwa buoys Qatar

    Aldar pulls down Abu Dhabi, Barwa buoys Qatar

    Aldar properties sank 2.7 percent after reporting a 168 percent year-on-year jump in its second quarter net profits
    Financial Markets
  • Dubai’s Arabtec Q2 net up 11 percent, misses estimates

    Dubai’s Arabtec Q2 net up 11 percent, misses estimates

    Net profit climbed to $28.1m, while analysts polled by Reuters had on average a forecast of $30m
    Property
  • Arabtec drags down UAE, Saudi earnings disappoint

    Arabtec drags down UAE, Saudi earnings disappoint

    Arabtec tumbled its daily 10 per cent limit, dragging down the entire Dubai stock market, where the main index closed six per cent lower
    Business
  • Dubai’s Arabtec says has backing of key investor after shares plunge

    Dubai’s Arabtec says has backing of key investor after shares plunge

    Khadem Abdulla al-Qubaisi, chairman of Arabtec, was holding the company’s first news conference since management turmoil last month shook investors’ faith
    Property
  • All eyes on UAE given Arabtec fiasco

    All eyes on UAE given Arabtec fiasco

    Arabtec Chairman Khadem al-Qubaisi described rumors of the company delisting as not true
    Business
  • Sudden plunge of Dubai’s Arabtec teaches hard lessons about Gulf stocks

    Sudden plunge of Dubai’s Arabtec teaches hard lessons about Gulf stocks

    Arabtec says on its website that it has been described as the ‘Darling of the Dubai Financial Market,’ and until recently that label appeared justified
    Business
  • Egypt shares climb after Sisi presidential bid

    Egypt shares climb after Sisi presidential bid

    Economists point to greater stability after former army chief signals he will run for the top job
    Financial Markets
  • Huge housing deal may signal Gulf investment push into Egypt

    Huge housing deal may signal Gulf investment push into Egypt

    New deals expected after Dubai firm clinches $40bn agreement to build one million homes
    Banking & Finance
  • UAE’s Arabtec shares soar on $40bn Egypt housing deal

    UAE’s Arabtec shares soar on $40bn Egypt housing deal

    Dubai construction firm is trading 2 percent higher after deal with Egypt’s powerful military leader
    Property
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