Drake & Scull wins contracts worth $36m in Abu Dhabi, Dubai

The engineering subsidiary of the Dubai-listed Drake & Scull International says it has won contracts worth a combined AED 131 million ($36m)...

Construction

Dubai’s Arabtec ‘looks to build 13,000 homes in Egypt’

Arabtec, the Dubai-listed contractor, has submitted a proposal to Egypt’s government to build 13,000 homes in the North African country, the firm’s...

Construction

Drake & Scull, Arabtec shares hit hard as Dubai market tumbles

Construction firms on Sunday dragged the Dubai Financial Market index to an 11-month low, with Arabtec and Drake & Scull seeing some...

Construction

Dubai Parks and Resorts project structure ‘73% complete’

Dubai Parks and Resorts says 73% of the project-structure works on its 25 million square feet Florida-style attraction is complete.The Dubai Financial...

Construction

Dubai’s Arabtec reports heavy losses in ‘difficult regional market’

Arabtec, the Dubai-listed contractor, has reported losses for a fourth straight quarter, with a “difficult environment” contributing to a 24% decline in revenue.In...

Construction

Dubai’s Drake & Scull moves HQ to IMPZ

Drake & Scull International (DSI) has shifted to a new headquarters based in the International Media Production Zone (IMPZ) in Dubai. The...

Property

Shares in Dubai’s Damac plummet after dip in Q3 revenues

Shares in Damac Properties on Tuesday tumbled by more than 6% after the Dubai developer said its third-quarter revenues had fallen, and despite higher...