Sebastien Henin | Al Bawaba

Sebastien Henin latest

Arabtec's vice-chairman hopes the company's restructuring process will help improve the financial performance. (Ventures On Site)

June 2nd, 2016 - 10:00 GMT

Arabtec dips into reserves to stem losses

The beleaguered construction company has requested shareholders' permission to withdraw Dh1 billion fro its reserves, casting doubt on its ability to break even by next year.

January 12th, 2016 - 01:00 GMT

Arabtec's $544.5M West Yas contract little consolation for embattled developer

The Dubai Financial Market General Index ended 0.46 per cent lower at 3,931.16, while Saudi’s Tadawul All Share index (TASI) ended 0.96 per cent to be at 9,300.50

February 11th, 2015 - 09:38 GMT

UAE, Saudi stock indexes edge lower

Dubai’s stock market was the world’s best performing this year until it was caught up in a regional sell off amid tumbling oil prices.

December 15th, 2014 - 03:16 GMT

2014's gains officially erased by oil: Dubai index no longer world's best performing

The pull back then snowballed due to panic selling and, possibly, margin calls, according to market players.

October 12th, 2014 - 11:55 GMT

The snowball effect: Saudi, UAE stock markets tumble after global sell-off

Dubai Islamic Bank also contributed to the uptick, rising 5.5 percent to extend gains that started on Thursday when the lender posted a doubling of first-quarter net profit.

May 6th, 2014 - 11:21 GMT

Dubai bourse scores record gains over Emaar Properties' six year high

While the correction in Dubai was partly due to the geopolitical tension, it was also looking for a chance to correct, as some experts believe it was an overheated market.

August 29th, 2013 - 07:30 GMT