Arabtec Holding appoints Peter Pollard as group CFO

Arabtec Holding, the Dubai-bourse listed construction giant, has appointed Peter Pollard as group chief financial officer (CFO), sources have said. Three sources,...

Construction

Abu Dhabi airport’s Midfield Terminal opening pushed back

The opening of Abu Dhabi airport’s $2.94 billion Midfield Terminal has been pushed back to 2019, a senior official has said. The...

Construction

Dubai’s Arabtec gains approval for recapitalisation

The Dubai builder Arabtec says it has gained approval in principle for a recapitalisation programme it announced earlier this month. The approval...

Consultant

Arabtec working with Moelis to ‘study capital structure options’

Arabtec, the Dubai-based contracting giant, is working with Moelis, the boutique investment bank, to study options for the company’s capital structure, it...

Construction

Dubai’s Arabtec to hold second board meeting of 2017

The Dubai-listed contractor Arabtec has said it will conduct its second board meeting of 2017, in which it will review its 2016...

Construction

Dubai’s Arabtec adopts ‘risk management plan’

The Dubai-listed contractor Arabtec has approved a new risk-management plan, according to a statement to the bourse. A board meeting approved a...

Infrastructure

Abu Dhabi merges IPIC, Mubadala Development

Abu Dhabi’s government has merged two of its top investment funds in an attempt to reinforce their financial strength at a time...

Construction

Arabtec awarded $92m hotel project in Dubai

Arabtec Holding, the Dubai-listed construction contractor, has said that it has been awarded a $92.56 million contract for the execution of a...

Construction

Firm ‘replaces Ismaik as second-biggest Arabtec shareholder’

An Abu Dhabi-based company has replaced former Arabtec chief executive Hasan Ismaik as the second-biggest stakeholder of the Dubai-listed builder, according to...