Arabtec shares plummet in Dubai after surprise $76m loss

Arabtec shares fell by 3.53% on Wednesday after the Dubai Financial Market-listed company reported a $76 million loss. Shares in the UAE...

Construction

Drake & Scull bags $79m contract for Downtown Dubai project

Drake & Scull Engineering (DSE) has won an AED290 million ($79 million) contract to undertake mechanical, electrical and plumbing (MEP) works on...

Property

Dubai’s Emaar Properties reports 7% rise in profit

Dubai’s Emaar Properties has reported a 7 percent increase in its first-quarter profits, on the back of $672 million in property sales and...

Property

Dubai’s Emaar Malls posts 32% increase in Q1 net profit

Emaar Malls, the retail and malls arm of the Dubai real-estate giant, has announced a 32% increase in its first quarter profits.The...

Property

Emaar shares climb in Dubai on cash dividend, Alabbar re-election

Shares in Emaar Properties on Thursday climbed by almost 10% on news that the Dubai-listed property giant re-elected Mohamed Alabbar as chairman and approved a cash dividend...

Construction

Drake & Scull wins $91m contract for hotel on Dubai’s Palm Jumeirah

Drake & Scull Engineering (DSE) has been awarded a contract worth AED334 million ($90.9 million) for a mixed-use hotel and residential development to be...

Property

Dubai Investments Park plans eight new hotels, serviced apartments

Dubai Investments Park (DIP) plans eight new hotels and serviced apartments, amid what it calls “surging demand and growth potential” due to its proximity...

Property

Damac shares rally in Dubai on London tower plans

Damac shares on Sunday soared by more than 7% after the Dubai developer said it is considering an equity stake in a 50-storey...

Property

Damac opens two hotels near Burj Khalifa in Dubai

The Dubai-listed developer Damac says it has opened two hotel-apartment projects close to the Burj Khalifa, the world's tallest building. The firm says the opening...