Wednesday 30 July 2014
 
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Dubai builder

Arabtec blames Q2 loss on project delays

Project 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.

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Arabtec rules out talks on Aabar stake

Arabtec 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

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Arabtec rules out talks on Aabar stake

Arabtec 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

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Arabtec plans to launch rights issue, bond sale

Dubai 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,

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