Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Arabtec surges after profit tops estimates  Join our daily free Newsletter

MENAFN - Khaleej Times - 20/03/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN -Khaleej Times) arabtec holding co, the biggest listed construction contractor in the uae, jumped more than five per cent after 2013 profit almost tripled, beating estimates

The shares gained as much as 5.7 per cent to dh5.58, their highest level since august 2008, before closing at dh5.55. full-year profit climbed to dh377 million (103 million) from dh139 million a year earlier, beating the dh313 million mean estimate of 11 analysts compiled by bloomberg.


Arabtec’s board recommended a 10 per cent cash dividend and 3 per cent bonus shares. dubai’s benchmark dfm general index rose 0.5 per cent on wednesday.


A resurgence in the uae real-estate market, where prices more than halved from their 2008 peak during the financial crisis, is boosting profits at contractors.


Prices for mid-range apartments rose 43 per cent in 2013, according to cluttons llc data. arabtec is expanding into international markets, while at home it’s set to benefit as dubai plans 8 billion of infrastructure spending in preparation for world expo 2020.

 


Khaleej Times




  MENA News Headlines
 Feb 24 2017 - LED-Based Lamps Used in Explosion-Proof Lighting Market 2017 Global Industry Analysis and Forecast to 2022MENAFN Press
(MENAFN Editorial) "LED-Based Lamps Used in Explosion-Proof Lighting Market 2017" WiseGuyReports.Com Publish a New Market Research Report On – 'LED-Based Lamps Used in Explosion-Proof Lighting ...

 Feb 24 2017 - Infrastructure-led Projects Driving Smart City Growth in QatarMENAFN Press
(MENAFN Editorial) The infrastructure sector is a key component in the development of smart cities data-ad-slot="4736253037" Doha, Qatar, February 21, 2017: Governments across nations ...

 Feb 24 2017 - As cheerful, family-friendly nonsense, it fits the billGulf Times
(MENAFN - Gulf Times) Due to recent personal developments that need not be explained here at length (suffice to say that she's damnably cute and just started smiling), I can't bring myself to be ...

 Feb 24 2017 - Qatar- The shape of things to comeGulf Times
(MENAFN - Gulf Times) The wave of automation that swept away tens of thousands of American manufacturing and office jobs during the past two decades is now washing over the armed forces, putting both ...

 Feb 24 2017 - Rainbow Trout healthy and deliciousGulf Times
(MENAFN - Gulf Times) Rainbow Trout is native to rivers, streams and other fresh waters in mountains. They are available year-round and are known for their delicate sweet taste and beautiful ...

 Feb 24 2017 - EKWA marks Qatar National Sport DayGulf Times
(MENAFN - Gulf Times) Enamakkal Kettungal Welfare Association (EKWA) marked the Qatar National Sport Day at Al-Markhiya Stadium recently. EKWA members, their families and friends attended the event ...

 Feb 24 2017 - Aster Medical Centre to host Diabetes Expo'17 in Al KhorGulf Times
(MENAFN - Gulf Times) Aster Medical Centre, a division of Aster DM Healthcare, is organising a free, open-to-all event to raise awareness levels on diabetics amongst residents of Qatar. The ...

 Feb 24 2017 - India- Infosys will probe allegations over Panaya acquisitionNewsBytes
(MENAFN - NewsBytes) Infosys CEO writes to employees against "libellous" allegations 21 Feb 2017 Following allegations of fraudulent acquisition of Israeli automation firm ...

 Feb 24 2017 - Pakistan: A victim of terror?NewsBytes
(MENAFN - NewsBytes) Pakistan facing terror brunt? Terror in Pak On 15 Feb, 7 people were killed in twin suicide attacks on Pakistani government officials in Mohmand and Peshawar.On ...

 Feb 24 2017 - EXCLUSIVE: NASA's Last Discovery Observed from MoroccoMorocco World News
(MENAFN - Morocco World News) var td_screen_width = document.body.clientWidth; if ( td_screen_width >= 1024 ) { /* large monitors */ document.write(' data-ad-client="ca-pub-9546318280945074" ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help