Drake & Scull Intl’s previous management hid $857mn in losses, fact-finding committee finds

Drake & Scull International (DSI) has announced that its new management is committed to completing the ongoing investigation on all actions taken...

Construction

Yousef Al Mulla to take over as DSI Group CEO as firm announces Q2 losses

UAE-based engineering and construction contractor has announced that current Group CEO Dr Fadi Feghal will step down at the end of the month when...

Construction

Al Tabari refutes claims he owes DSI ‘any money at all’

Khaldoun Al Tabari, the former CEO of Drake & Scull International (DSI) has denied any wrongdoing after it was reported last week that...

Construction

Report claims former CEO Al Tabari owes DSI $272.3 million

A report published by Bloomberg this week claims that Drake & Scull International’s former CEO Khaldoun Al Tabari and his daughter Zeina...

Construction

DSI returns to profitablity as it posts net profit for quarter; reversing Q1 2017 losses

Drake and Scull International, the Dubai-based construction and engineering contractor, has achieved an overall net profit of $1.9 million for the first...

Construction

DSI: Sukuk to ‘enhance’ MEP operational capacity

Drake and Scull International (DSI), the Dubai-based construction contractor, has announced that it is targeting the issue of a sukuk convertible into...

Analysis

Calculating the impact of VAT

Funding government services and infrastructure projects from (oil) cash reserves is no longer a viable option for GCC governments. Implementing VAT, and...

Construction

VAT to encourage accountability in construction, experts say

Although concerns have been expressed about the impact the introduction of VAT could have on the construction industry, leading experts have told...

Construction

DSI completes $154 million UAE debt restructuring

Drake and Scull International (DSI), the Dubai-based engineering and construction services firm, has announced that it has successfully completed the restructuring of...

Experts