Saturday 13 February 2016
 
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Saudi contractor Khodari swings to Q4 loss

Saudi Arabian construction firm Abdullah Abdul Mohsin Al Khodari and Sons on Tuesday said it had swung to a fourth-quarter net loss as margins and revenue fell and financial charges increased. The company made a loss of SR1.04 mil

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Contractors in Bahrain ‘hit by payments delay’

Delays in paying contractors working on Bahrain’s government housing projects are down to steps to ensure work is progressing as planned, according to a government minister. Housing Minister Bassem Al Hamer told the Gulf Daily News (

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Depa chief executive quits

Dubai construction contractor and interiors firm Depa Ltd said on Monday that its group chief executive Nadim Akhras had resigned for personal reasons. Pending the appointment of a permanent replacement, the board's steering c

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Saudi contractor Al Khodari swings to Q3 loss

Saudi Arabia construction firm Abdullah Abdul Mohsin Al Khodari and Sons swung to a loss in the third-quarter, according to a bourse filing on Monday, hurt mainly by lower contracting revenue. The company reported a loss of SR14.3

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Dubai contractor ASGC mulls IPO

Al Shafar General Contracting (ASGC) has hired Goldman Sachs and two other banks to arrange a potential initial share sale on the Dubai Financial Market, sources familiar with the matter told Reuters on Monday. The Dubai-

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Dubai contractor ASGC mulls IPO

Al Shafar General Contracting (ASGC) has hired Goldman Sachs and two other banks to arrange a potential initial share sale on the Dubai Financial Market, sources familiar with the matter told Reuters on Monday. The Dubai-

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Drake & Scull Q1 profit falls 38pc

Dubai's Drake & Scull (DSI) reported a 38 per cent drop in first-quarter profit on Thursday, missing an analyst's estimate as revenue fell, and it warned that difficulties in Saudi Arabia would affect its performance this year.

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Drake & Scull Q4 profit down; 2014 revenue hits $1.31bn

Drake & Scull, a regional leader in the integrated design, engineering and construction fields, reported a 70 per cent drop in fourth-quarter net profit on Sunday. The Dubai-headquartered contractor made a profit of Dh13 milli

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Drake & Scull clinches $49m residential tower deal

 Dubai-based contractor Drake and Scull International (DSI) said one of its subsidiaries has been awarded a Dh180 million ($49 million) engineering contract for a 38-storey residential tower, located at Jumeirah Village South in Dubai, UAE.

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Kuwait contractor Mushrif wins key refinery project

Mushrif Trading and Contracting, one of the leading civil construction companies in the region, has won a civil works contract for the expansion of Mina Abdullah Refinery in Kuwait. The KD4.26 million ($14.46 million) contract was

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