Shareholders in Dubai construction company Arabtec Holding voted on Wednesday to discontinue the company and authorised the board to file for an ...
Dubai-based Arabtec Holding is in talks to appoint UBS as a financial advisor for its potential merger with construction company Trojan Holding LLC, ...
Arabtec Construction, known for its landmark projects such as the Louvre Abu Dhabi and the expansion of Abu Dhabi Airport, has been awarded the ...
Loss-making Dubai construction firm Arabtec is working with boutique investment bank Moelis to study options for the company’s capital structure ...
Improvement in second half of year crucial for firm to break even this year, says analyst
Work has not started and Arabtec has yet to submit a building plan
Reports that a large housing deal between Arabtec and the Egyptian government fell through led to a drop in the Dubai bourse index
The earnings were well below estimates from two analysts polled by Reuters
Arabtec did not say how much it was looking to borrow or provide any other details
The first phase of the $40 billion plan is to build one million homes across Egypt
The company said it had also recently won other contracts from Saudi Aramco worth 930 million dirhams via unit Target Engineering
The board of Arabtec has approved disposing of Arabtec Saudi Arabia
Last year's profits were hit by non-recurring general and administrative expenses
Arabtec executives will visit Cairo within 10 days to sign the final contract, the media advisor for the housing minister said.
The projects include upgrading liquefied gas and refinery facilities for national oil firm Saudi Aramco
Aabar’s move to raise its shareholding follows a bitter struggle with former Arabtec chief executive Hasan Ismaik
Dubai Financial Market Index - which had been the region’s biggest loser - rose 11.5 percent
Mostafa Madbouly said he believed that would only have a minor impact on the project’s delivery
In March, Arabtec announced it would build one million homes in Egypt in a $40 billion project
The project would not only mark a huge expansion of Arabtec's business but also boost Egypt's struggling economy
Abu Dhabi’s bourse was nearly flat while Qatar edged up 0.5 percent
Aldar properties sank 2.7 percent after reporting a 168 percent year-on-year jump in its second quarter net profits
Net profit climbed to $28.1m, while analysts polled by Reuters had on average a forecast of $30m
Arabtec tumbled its daily 10 per cent limit, dragging down the entire Dubai stock market, where the main index closed six per cent lower
Khadem Abdulla al-Qubaisi, chairman of Arabtec, was holding the company’s first news conference since management turmoil last month shook investors’ faith
Arabtec Chairman Khadem al-Qubaisi described rumors of the company delisting as not true
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
Economists point to greater stability after former army chief signals he will run for the top job
New deals expected after Dubai firm clinches $40bn agreement to build one million homes
Dubai construction firm is trading 2 percent higher after deal with Egypt’s powerful military leader
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