Sunday 28 August 2016
 
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Arabtec

Arabtec Q2 net loss narrows to $50m

Dubai contractor Arabtec reported a narrower loss in the second quarter on Sunday, its seventh straight quarterly loss. Arabtec made a net loss attributable to equity holders in the parent of Dh186.4 million ($50.8 million) in the

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Shareholder to give Arabtec $109m debt facility

Dubai-listed contractor Arabtec Holding said on Thursday its shareholder Aabar Investments had agreed to give it a Dh400 million ($108.9 million) debt facility to help weather 'challenging' conditions in the regional construction market.

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Arabtec to use $272m reserves to wipe out losses

A meeting of shareholders in Dubai-listed construction firm Arabtec Holding approved on Wednesday a plan to use Dh1 billion ($272 million) of the company's statutory reserves to wipe out some of its accumulated losses. They al

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Arabtec hires AlixPartners for business review

Loss-making Dubai contractor Arabtec's board has hired restructuring advisory firm AlixPartners to help it strengthen its capital structure and reform its business, three sources aware of the matter told Reuters on Sunday. Amo

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Arabtec may break even in 2016, profit seen in 2017

Loss-making Dubai contractor Arabtec may break even in 2016 and should return to profit the following year, the company's chairman said on Wednesday. Arabtec made a loss of Dh2.35 billion ($639.9 million) in 2015, which it bla

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Arabtec wins contract to build 1,100 houses in UAE

Arabtec, a Dubai-listed construction firm, has won a Dh1.7-billion ($462.85 million) contract from the UAE federal government to build 1,100 houses in the eastern emirate of Fujairah, the company said on Sunday. Arabtec, 36-per ce

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Arabtec wins $300m Dubai twin-towers project

Arabtec Holding, the Dubai-listed construction company, said on Thursday it had been awarded a contract to build a Dh1.1-billion ($300 million) twin-towers project in central Dubai, UAE. Comprising 50-storey towers, the project in

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Arabtec terms rumours of Ismaik joining board as false

Rumours that a former chief executive of Arabtec Holding, Hasan Ismaik, will be appointed to its board are false, the Dubai-listed construction firm said on Monday. "The rumours over the appointment of Mr Hasan Ismaik as chai

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No material news to affect share price: Arabtec

Dubai-listed builder Arabtec said on Tuesday that there was no material news, either technical or operational, to affect its share price. In a brief statement to the bourse, the company made no further comment. The

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No material news to affect share price: Arabtec

Dubai-listed builder Arabtec said on Tuesday that there was no material news, either technical or operational, to affect its share price. In a brief statement to the bourse, the company made no further comment. The

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