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Saturday, 21 November 2009 18:42 UAE time

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Arabtec - Dubai

Main Category: ANCILLARY SERVICE PROVIDERS
First Address : 3399
City : Dubai
Country : United Arab Emirates
Phone: 971 4 3400700
Fax: 971 4 3404004
Email: riad.kamal@arabtecuae.com


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Ziad Makhzoumi

CFO, Arabtec|As chief financial officer of Arabtec, Makhzoumi has his hands right on the pulse of the financial world.

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Arabtec starts work on Russian tower project

Dubai-based firm begins foundation tests on 400m high Okhta Centre in St Petersburg.

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Nearly 80% say construction will never return to peak

Poll finds only 5.3% of people think industry will return to its heyday by next year.

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Arabtec receives Gazprom boost

Construction group’s share price climbs 8.52% in Dubai as Russian tower project is approved.

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Kuwait blue chips rally, but Gulf markets muted

Banks feature as Zain sale hopes boost liquidity prospects in sector.

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Arabtec poised to sign $1.23bn worth of deals in Abu Dhabi

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

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Poll shows 65% support minimum wage for labourers

Arabian Business survey shows just 4% think Gulf construction workers are fairly paid.

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Litigation rises in response to end of Dubai property boom

Law firm says banks and property firms putting pressure on sub-contractors.

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Poll shows 50% believe international media is accurate about UAE

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

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Arabtec unit seals Dubai works deal

Arabtec Engineering Services confirms letter of acceptance from Dubai Municipality for infrastructure works.

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Construction giant launches Saudi arm

Arabtec CEO Riad Kamal says expected turnover of new company in its first year will be $400m.

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Gulf markets slump to fresh multi-year lows

UPDATE 6: Most Arab bourses end in red after bellwether company posts dismal profit.

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Kuwait, Oman, Qatar markets end at multi-year lows

UPDATE 8: Investors fear poor Q4 results and lack of immediate government action.

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Major Arab bourses end in red; banks suffer

UPDATE 4: Savola Group, National Bank of Abu Dhabi see major slips.

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Profits up at House of Equipment parent

Local firm Arabtec Holding has posted a net profit of AED 256m (US $69.70 million) in the third quarter, up 51 percent from the year-earlier period, topping most analysts' forecasts.

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Arabtec lands $181mn Dubai tower contract

UAE's largest construction firm says in deal with Saba Properties for tower.

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Arabtec in line for $408mn resort deal

Dubai-based firm is reportedly the front runner for contract awarded by Abu Dhabi tourism chiefs.

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Arabtec wins villa contract

Arabtec has been awarded a US $163 million (AED599 million) contract to design and construct 550 villas at the Warsan Development.

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Arabtec wins $436mn villas deal

UAE's largest construction firm receives contract from Emaar Properties and Bawadi.

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Arabtec profit more than doubles

UPDATE 1: UAE's largest construction firm posts Q2 net income of $74.5mn, topping analysts' forecasts.

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Steel yourselves

Despite the private sector scrambling to keep up with demand, steel prices have continued to surge.

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Firms seek protection from steel price hike

Construction firms strike deals on developments to pass on escalating costs.

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Dubai Municipality awards Arabtec $112mn deals

Work on irrigation and sewerage infrastructure for Dubai Academic City.

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