Wednesday 22 October 2014
 
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Arabtec unaware of stake sale by ex-CEO

Dubai contractor Arabtec Holding said on Tuesday it was unaware of any stake sale agreement between its largest shareholders following reports that the company's former chief executive was about to sell at least part of his stake.

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Arabtec ex-CEO agrees to sell stake to Aabar

Arabtec's former chief executive Hasan Ismaik has agreed in principle to sell at least part of his stake in the Dubai-based construction firm to Abu Dhabi state fund Aabar Investments, a source close to Ismaik said on Monday.

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Arabtec plunges again, drags Dubai down further

Dubai's bourse dropped sharply minutes after opening on Monday as shares in builder Arabtec plunged for a second day in a row. Arabtec tumbled its 10 percent daily limit while the Dubai index dropped 3.9 percent. Developer Uni

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Arabtec tumbles 10pc after Aabar statement

Shares in Dubai builder Arabtec plunged in early trade on Sunday after Aabar Investments, one of its major shareholders, did not confirm a report which said Aabar was in talks to increase its stake. Arabtec tumbled its daily 10 pe

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Arabtec enjoys crucial Aabar backing, says CEO

The construction company at the centre of Dubai's stock market meltdown, Arabtec, sought to calm investors on Wednesday by saying it still had the backing of a key government shareholder and would rein in lavish salaries to reduce costs.

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Arabtec says no rift with big shareholder Aabar

Dubai construction firm Arabtec maintains a good relationship with major shareholder Aabar Investments and expects to continue growing strongly, Arabtec's chief executive said on Monday. Shares in Arabtec, one of the most heav

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Aabar's stake in Arabtec stabilises

The stake which Abu Dhabi state fund Aabar Investments holds in Dubai builder Arabtec has stabilised after falling sharply last week, according to a statement from the Dubai bourse. Between June 8 and 11 Aabar cut the stake to 18.

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Aabar's stake in Arabtec stabilises

The stake which Abu Dhabi state fund Aabar Investments holds in Dubai builder Arabtec has stabilised after falling sharply last week, according to a statement from the Dubai bourse. Between June 8 and 11 Aabar cut the stake to 18.

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Aabar cuts stake in Arabtec

Abu Dhabi state fund Aabar Investments has cut its stake in Dubai builder Arabtec Holding to 18.85 percent as of Wednesday from 21.57 percent on June 8, the Dubai Financial Market said in a statement. Shares in Arabtec have tumble

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Aabar contest to send Emirati into space

An Emirati will win the chance to travel into space as part of a nationwide competition being launched by Abu Dhabi-based Aabar Investments. The prize winner will be given a place onboard Virgin Galactic’s SpaceShipTwo when

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