Friday 19 December 2014
 
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New delays hit $7bn Aramco refinery project

A contract disagreement between Saudi Aramco and South Korea's SK Engineering & Construction is delaying construction of a 400,000-barrel-per-day oil refinery in Jizan in southwest Saudi Arabia, industry sources said. Desp

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Row with Korean builder hits refinery project

A contract disagreement between Saudi Aramco and South Korea's SK Engineering & Construction (SK E&C) is delaying construction of a 400,000-barrel-per-day (bpd) oil refinery in Jizan in southwest Saudi Arabia, industry sources said.

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Saudi builder Al Khodari proposes $133m capital hike

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons has proposed raising its capital by SR500 million ($133 million) through a rights issue and will use the money to expand its business, the builder said on Tuesday. The c

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Saudi builder Al Khodari proposes $133m capital hike

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons has proposed raising its capital by SR500 million ($133 million) through a rights issue and will use the money to expand its business, the builder said on Tuesday. The c

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Saudi builder wins $184m university contracts

Major Saudi Arabian construction firm Abdullah Abdul Mohsin Al Khodari Sons Company said it has won three contracts from the Ministry of Higher Education worth a total SR689 million ($184 million). Al Khodari will build facilities

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Saudi builder wins $184m university contracts

Major Saudi Arabian construction firm Abdullah Abdul Mohsin Al Khodari Sons Company said it has won three contracts from the Ministry of Higher Education worth a total SR689 million ($184 million). Al Khodari will build facilities

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Builder's shaky foundations dent UAE's credibility

The shaky foundations of the most prominent builder in the UAE have dented the country's credibility. Shares in Dubai-based Arabtec, which helped erect the world's tallest tower in the emirate, have more than halved since May 15, wiping

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Al Marakeb posts 45pc sales rise

Sharjah-based boat builder Al Marakeb has posted a 45 per cent increase in sales last year against its figures in 2012. The company, which specialises in manufacturing ocean-going vessels, has also reported a 71 per cent increase

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Arabtec extends $650m share offer period

Dubai builder Arabtec, part-owned by Abu Dhabi state fund Aabar, has extended the subscription period for its $650 million rights share issue, the company said in a statement on Sunday.  

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Arabtec reports Q2 loss as costs jump

  Dubai builder Arabtec, which secured one of its largest contracts to build part of Abu Dhabi's main airport in June, on Wednesday reported a loss in the second quarter as costs and expenses increased. The largest bui

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