Monday 14 July 2014
 
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Arabtec

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

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UAE regulator to tighten stock exchange supervision

The financial market regulator of the UAE said it would tighten supervision of the stock exchanges, after wild trading in Dubai-listed construction firm Arabtec helped to trigger a market crash. Regulations on bank lending against

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UAE markets recover; earnings, dividends lift Saudi

Blue-chip banks and property-related stocks, led by Dubai construction firm Arabtec, lifted markets in the UAE on Sunday while earnings reports supported Saudi Arabia's bourse. Dubai's main index jumped 4.4 per cent as sha

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UAE stock market surges on Arabtec hopes

Dubai builder Arabtec's shares soared on Wednesday (July 2) ahead of the company's first news conference since last month's management reshuffle, helping markets in the UAE rally strongly for a second

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Arabtec enjoys crucial Aabar backing, says CEO

The construction company at the centre of Dubai's stock market meltdown, Arabtec, sought to calm investors on Wednesday by saying it still had the backing of a key government shareholder and would rein in lavish salaries to reduce costs.

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Arabtec to hold news conference Wednesday on rumours

Major Dubai construction firm Arabtec will hold a news conference on Wednesday to respond to market rumours about the company, it said in a bourse statement on Tuesday. The news conference will be held at the Abu Dhabi offices of

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Dubai plunges as Gulf markets end worst quarter in years

Gulf stock markets ended their worst quarter in years on Monday as speculative bubbles continued to deflate in some stocks while the security crisis in Iraq and a lull in activity during the holy month of Ramadan dampened fresh buying.

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Dubai drops as Arabtec resumes freefall

Dubai's bourse fell sharply soon after the opening on Monday as builder Arabtec tumbled its daily 10 per cent limit and other property-related stocks suffered. The emirate's main index sunk 3.6 per cent. Developer Union Pr

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Builder's shaky foundations dent UAE's credibility

The shaky foundations of the most prominent builder in the UAE have dented the country's credibility. Shares in Dubai-based Arabtec, which helped erect the world's tallest tower in the emirate, have more than halved since May 15, wiping

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Arabtec plunge teaches hard lessons on Gulf stocks

The spectacular rise and fall of Arabtec, Dubai's most heavily traded stock, teaches hard lessons about how risky the region remains for investors even as its rapid economic growth lures billions of dollars in fresh funds from abroad.

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