Thursday 24 July 2014

Ambition, investor greed fuel rise and fall of Arabtec

From a 59-storey tower in Abu Dhabi, the offices of Arabtec look out over the Gulf towards Middle Eastern and Asian nations where the construction firm hopes to expand. It is a symbol of the company's ambitions - and the way in which they ha


Hasan Ismaik quits Depa chairmanship

Hasan Ismaik, the former chief executive of embattled contractor Arabtec Holding, has resigned as chairman of Dubai interiors firm Depa. Ismaik told Reuters on Tuesday that he had left Depa, which has fitted out a number of Dubai&


Former Arabtec CEO says has 3 offers for his stake

The former chief executive of Arabtec Holding has three offers for his 28.85 percent stake but is looking to sell his holding in the Dubai contractor for more than 6 dirhams per share, he told Reuters on Tuesday. Hasan Ismaik, who


Massive lays off at Arabtec after CEO's departure

Dubai contractor Arabtec Holding has laid off a significant number of employees in the wake of chief executive Hasan Ismaik's departure last week, sources with knowledge of the matter told Reuters on Monday. Large numbers of s


Dubai bourse amends data after Arabtec shares plunge

Dubai's main bourse amended ownership data for Dubai construction firm Arabtec on Sunday after initial figures displayed on its website fuelled a 10 percent plunge in the stock, one of the most market's most heavily traded.


Arabtec CEO boosts personal stake above 8pc

Hasan Abdullah Ismaik, the chief executive of Dubai-based construction company Arabtec, has increased his personal stake in the company to more than 8 per cent, records on the Dubai bourse website show. Arabtec has been on an aggr

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