Arabtec shares tumble as $40bn Egypt deal stalls

Shares in the Dubai-listed builder Arabtec have plummeted following news that a $40 billion housing deal in Egypt has stalled.Arabtec shares fell...

Infrastructure

Arabtec unit wins Saudi Aramco contracts worth $253m

Arabtec has won seven contracts worth $253m to service Saudi Arabia’s oil and gas sector through its subsidiary Target Engineering, the Dubai-listed builder...

Construction

Abu Dhabi’s Aabar boosts stake in Dubai-listed Arabtec

The Abu Dhabi-based Aabar Investments has boosted its stake in the Dubai-listed builder Arabtec to over 36.1 percent, according to a bourse...

Construction

Arabtec, DSI have GCC’s largest order backlog at the end of Q3 2014

UAE’s Arabtec and Drake & Scull have the largest order backlog in the GCC region at the end of the third quarter...

Analysis

Optimism on the Nile

Egypt faces a bumpy road towards economic recovery but is still a viable option for UAE and GCC investment in its construction...

Construction

Former Arabtec CEO to reportedly sell remaining stake in firm

Hasan Ismaik, the former CEO of Arabtec, plans to sell his remaining stake in the Dubai-based construction company, it was reported. Ismaik...

Construction

Workers to be trained before arrival in UAE

RELATED ARTICLES: Saudi construction firms cut down on expat labour | Education – A Matter of Priority | Qatar Foundation report slams weak labour recruitment...

Construction

Arabtec to launch $40bn Egypt housing scheme by 2014-end

UAE developer Arabtec has announced plans to launch phase one of its $40 billion housing project in Egypt by the end of...

Construction

Arabtec close to completing plan for $40bn Egypt housing scheme

Arabtec is close to completing the planning and design stage of its $40 billion deal to build a million homes in Egypt,...

Construction

Ex-CEO of Arabtec sells $4 million worth of shares

RELATED ARTICLES: Arabtec says “limited” number of staff terminated to reduce expenditures | Mohammed Al Fahim appointed as acting CEO of Arabtec |...