Construction Industry News

Union Properties reports net loss of US$ 626 mn

16th February 2018

According to *Tradearabia news report, Union Properties, a leading real estate developer in the UAE, has reported a net loss of Dh2.3 billion ($626 million) for the 12 months ending December 31, 2017 (equivalent to Dh0.55 loss per share) compared to a net profit of Dh211 million in the corresponding period of last year.  [..]

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RAK Properties' net profit surges to US$ 52.2 mn in 2017

16th February 2018

According to *Tradearabia news report, leading property development firm RAK Properties said its net profit for the full fiscal year of 2017  surged 10 per cent to Dh192 million ($52.2 million) compared to Dh175 million the previous year.[..]

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DSI reports 11% increase in revenues for Q4 2017

DSI reports 11% increase in revenues for Q4 2017

15th February 2018

According to *Constructionweekonline news report, UAE-based contractor Drake & Scull International (DSI) on Wednesday reported an 11% increase in revenues for Q4 2017, though the company’s full year net loss widened.  [..]

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Arabtec records US$ 33.5 mn in net profit

Arabtec records US$ 33.5 mn in net profit

15th February 2018

According to *Constructionweekonline news report, UAE-based contractor Arabtec Holding has released its preliminary unaudited financial results for 2017, revealing that it ended the year in the black, with $33.5m (AED123.1m) in net profit.[..]

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Expo 2020 building structure continue to rise

Expo 2020 building structure continue to rise

15th February 2018

According to *Constructionweekonline news report, construction on the three Theme Districts is advancing with foundation works complete and building structure continuing to rise, Expo 2020 said in a recent update.[..]

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