Sunday 30 August 2015
 
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Arabtec

Arabtec denies retreat from Egypt project

Dubai-listed builder Arabtec issued a statement on Thursday denying a media report that it was withdrawing from a planned project to build one million homes in Egypt. "The company...reaffirms that it's still discussing so

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Arabtec swings to $195m Q2 loss as costs rise

Dubai's largest listed construction firm Arabtec swung to a net loss of Dh718.3 million ($195.59 million) in the three months to June 30 as against a profit of Dh102.4 million ($27.88 million) in the corresponding period of 2014.

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Arabtec names new CFO in key shake-up

Arabtec, the Dubai-listed construction company, has accepted the resignation of three senior members of staff as part of a reorganisation, it said on Wednesday. It accepted the resignation of Iyad Abdalrahim, group chief financial

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Arabtec unit seeks Securitas solutions on projects

Arabtec Envirogreen Facilities Management (AEFM), an associate company of construction giant Arabtec, has teamed up with Securitas for providing security solutions to its key projects. Daniel Batemans, head of Operations and spoke

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Egypt 'approves' Arabtec's million homes project

Dubai-based builder Arabtec has received Egyptian cabinet approval for a housing project to build a million homes, said Egypt's assistant housing minister Khaled Abbas on Monday a day after media reports stated that the deal had fallen throu

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Construction firms benefit from Bentley’s i-models

Many construction firms have improved the efficiency of project delivery and construction workflows by leveraging Bentley’s i-models as a way of improving handoff and handover of 3D information models and project documentation.

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Arabtec swings to surprise net loss in Q1

Dubai's largest construction firm Arabtec swung to a first-quarter net loss on Wednesday, missing analysts' estimates, as costs surged. The builder reported a loss attributable to equity holders in the parent of Dh279.82 m

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Al Rumaithi named new Arabtec chairman

Dubai builder Arabtec said on Wednesday that its board had elected Abu Dhabi businessman Mohamed Thani Murshed Ghannam Al Rumaithi as its new chairman in a move that analysts said could unnerve investors who have witnessed much turmoil in recent

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Arabtec eyes funding for big Egypt housing project

Dubai builder Arabtec said on Wednesday it was in talks with several local and international banks on financing the first phase of its project to build one million housing units in Egypt. Arabtec, which has yet to sign a final dea

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Arabtec profit on Egypt project 'won't top 7.5pc’

Dubai-listed construction firm Arabtec will have a profit margin not exceeding 7.5 per cent for its project to build homes in Egypt, a company spokesman said on Saturday. He also told Reuters that within six months of work on the

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