02 Jun 2016
(MENAFN) Dubai construction Co. Arabtec Holding confirmed a plan to use USD 272mn of the firm’s reserves to wipe out some of its losses.
Moreover, the company struggled with a difficult industry environment as Gulf economies slow and governments restrain spending due to low oil prices.
In addition, the firm confirmed in 2014 to build 1mn homes for middle-income Egyptians by 2020 in a USD 35bn project.
Accordingly, Arabtec shareholders also approved the appointment of two new members to an expanded seven-person board.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more