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Strike won't affect projects says ArabtecArabtec, Dubai's largest construction firm, said on Tuesday that it was working with authorities in the United Arab Emirates to resolve a labour dispute and that its projects delivery schedule More… |
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Arabtec workers stage rare strikeThousands of workers employed by Dubai's largest construction firm, Arabtec, stayed away from work on Sunday to back wage demands, a rare labour protest in the emirate, where trade unions are More… |
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Drake & Scull ‘will not sell stake in company’The chief executive of Dubai contractor Drake and Scull has no plans to sell his stake in the company, he said on Tuesday, but there will be more partnerships on projects with builder Arabtec. Drake, which specialises in mechanica More… |
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Arabtec wins $66m Emaar villas projectArabtec Construction, a leading Mena construction company, has clinched a Dh243 million ($66.1 million) contract from top developer Emaar for the construction of 253 residential villas at its upcoming “Casa” project More… |
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Arabtec buys electrical services unit for $45mDubai-based builder Arabtec will buy the 45-per cent of Emirates Falcon Electromechanical Co (EFECO) it does not already own for $45 million as it expands into affordable housing projects, two sources with knowledge of the deal More… |
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Arabtec inks JV with Samsung EngineeringArabtec, the contractor part-owned by Abu Dhabi fund Aabar, signed an agreement with Korea's Samsung Engineering to jointly form a new company that will focus on large energy and power-related projects in the region. The JV company More… |
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Arabtec not interested in Drake stake buyDubai builder Arabtec, which recently announced a $1.8 billion capital raise programme, is not interested in buying a stake in contractor Drake and Scull, the newly appointed chief executive said on Tuesday. "No, we are not,& More… |
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Arabtec regional expansion plan gets a boostShareholders of Dubai-based developer Arabtec, part owned by Abu Dhabi state fund Aabar Investments, approved a $1.8 billion capital increase programme, paving the way for its regional expansion plans, the company said. Arabtec, o More… |
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Aabar faces cost jump for loan refinancing dealAbu Dhabi state fund Aabar Investments, weakened by a slump at key assets, faces a near doubling in borrowing costs as it closes in on a refinancing package to repay a $2 billion loan due in May, banking sources said. The fund, th More… |
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New COO for ArabtecArabtec Holding, a leading construction company in Mena, has appointed Mark Andrews, OBE, as its chief operating officer. Andrews will join Arabtec Holding in May 2013 from Murray & Roberts More… |
