Wednesday 20 September 2017
 
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Arabtec

Arabtec reports turnaround with $15.5m profit

Dubai-based Arabtec Holding, a leading construction contractor, reported a major turnaround announcing a net profit attributable to owners of Dh57 million ($15.52 million) in the first half of this year, compared to a net loss of Dh233 million

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Arabtec to build new mall in Dubai South

Arabtec has won a Dh363-million ($98.8 milion) contract to build a new mall in Dubai South, a 145-sq-km development in Dubai, a report said. The mall will be built at the Emaar South project within the Dubai South development, sai

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Damac awards $171m villas contract to Arabtec

Damac Properties, a leading luxury real estate developer in the region, has awarded Arabtec Construction a Dh628-million ($171 million) contract to develop 1,296 villas at its Akoya Oxygen master development in Dubai, UAE. Arabtec

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Arabtec unit wins $79m Dubai projects

Arabtec Holding, a leading UAE-based contractor for social and economic infrastructure, said its wholly-owned subsidiary, Target Engineering Construction Company (Target) has been awarded four projects worth Dh289 million ($79 million).

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Arabtec wins contract to build UAE pavilion at Expo 2020

Arabtec Construction, a wholly-owned subsidiary of Arabtec Holding, has been awarded the main contract to build the national pavilion for the Expo 2020 Dubai, the first mega-event of its kind in the Middle East, Africa and South Asia region.

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Arabtec wins regulatory nod for share capital cut

Arabtec Holding, a leading contractor for social and economic infrastructure, said it has secured regulatory approval for its new capital reduction plan. The move is aimed at slashing its share capital from Dh6.1 billion ($1.6 bil

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Arabtec unit names new managing director

Arabtec Holding, a leading construction company in the Middle East, said it has appointed Gavin Appleby as the managing director of its unit Emirates Falcon Electromechanical Company (Efeco). Efeco is one of the biggest MEP (mechanical,

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Arabtec swings to Q1 profit, revenue up 11pc

Arabtec Holding, a leading contractor for social and economic infrastructure, has reported its first quarterly bottom line profit in the last three years. The group is undergoing a series of restructuring measures including the ap

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Arabtec wins investors' nod for $408m rights issue

Arabtec Holding, a leading construction company in the Middle East, said it has won approval from its shareholders for a Dh1.5 billion ($408.2 million) rights issue to recapitalise the company. The Dubai builder had in February be

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Arabtec picks industry veteran Pollard as Group CFO

Arabtec Holding, a leading construction company in the Middle East, said it has appointed Peter Pollard, an industry veteran, as the group's new chief financial officer (GCFO). In his new role, Pollard will play a major part i

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