Arabtec Holding

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Recent Articles

• Lebanon's ACC wins 124-floor Dubai tower deal6 September 2009

  Pentominium in Dubai Marina set to be world's second tallest building after Burj Dubai.

• Emaar stars as Dubai index closes at 20-week high27 May 2009

  UPDATE 8: Most Gulf markets advance on surging global sentiment.

• Gov't to enforce new wage protection system - minister26 May 2009

  UAE firms must comply with new rules on pay, includes electronic transfer of wages.   

• Banks, real estate drag Dubai to lower finish11 May 2009

  UPDATE 6: Kuwait, Qatar both end lower for first time in 9 sessions, Saudi also ends down.

• Arabtec joint venture wins $435m Abu Dhabi contract 10 May 2009

  Dubai-based firm to build two towers with National Projects for Construction.

• Arabtec poised to sign $1.23bn worth of deals in Abu Dhabi6 May 2009

  UPDATE 1:Dubai firm shortlisted for three major projects that are waiting for sign off. 

• UAE announces strategy to improve labourers' lives28 April 2009

  Measures include strict criteria on living conditions and an electronic pay scheme.

• Emaar lifts Dubai; Abu Dhabi ends up on high volumes 16 April 2009

  UPDATE 2: Kuwait's index closes higher for the 12th time in 13 sessions.

• Poll shows 50% believe international media is accurate about UAE11 April 2009

  Online survey reveals just 7% think recent coverage is too critical.

• Arabtec alleges breach of contract on racecourse deal14 March 2009

  Arbitration proceedings against Meydan could take more than a year, says Arabtec CEO.

• Racecourse deal demise explains Arabtec's profit loss10 February 2009

  Profits fell 3.8% in Q4 after 'extraordinary' provisions were made for racecourse deal.

• Dubai's construction firms eye rest of Gulf as slowdown bites10 February 2009

  Qatar and Saudi Arabia where governments are looking at expansion are top destinations.

• Arabtec CEO predicts job losses as orders fall off9 February 2009

  EXCLUSIVE: Construction major reveals a 25% reduction in value of orders.

• UAE projects suspended or cancelled hit $75bn31 January 2009

  Report identifies $75bn worth of UAE projects as suspended or cancelled.

• Arabtec chasing payment for former racecourse deal27 January 2009

  Chairman says firm is pursuing 'financial rights' for terminated Meydan contract.