Dubai builder Arabtec suffers first loss since 2009
Net loss is 11.6 mln dirhams; Revenue 1.3 bln dirhams vs 1.2 bln yr-ago; Gross margins drop 9.9 percent year on year; Shares close down 4 pct on Dubai bourse
August 9, 2012 10:30
Aabar pulls out of Daimler investment in Tesla
Abu Dhabi's Aabar took a step towards exiting its investment in electric car maker Tesla after partner Daimler confirmed it transferred direct control of a 3.1 percent stake in Tesla back to the sovereign wealth fund.
June 28, 2012 10:24
Dubai's Arabtec Q1 Net Surges
Q1 net profit 84.1mln dirhams vs. 26.6 million a year ago; Results beat average analysts forecasts; Says considering buying remaining 45 percent in steel unit; Abu Dhabi fund Aabar owns 10.5 percent in Arabtec
May 9, 2012 9:25
Dubai's Arabtec Wins Contract from Shareholder Aabar
Arabtec, in which state-owned investment fund Aabar owns a 10.45 percent stake, said the contract to build a tower of 229 apartments would take 22 months to complete.
April 22, 2012 10:42
Dubai’s Arabtec’s Q4 profit surges
Dubai builder Arabtec , in which Abu Dhabi's Aabar Investments upped its stake recently, saw a three-fold rise in its fourth-quarter net profit, handily beating analyst expectations.
March 8, 2012 3:37Abu Dhabi’s Aabar raises stake in Dubai builder Arabtec
Abu Dhabi's Aabar Investments, which scrapped a $1.7 billion deal to take a majority stake in Arabtec two years ago, has raised its holding in the Dubai builder to 5.28 percent, according to a filing on the Dubai stock exchange on Monday.
March 6, 2012 11:01
Abu Dhabi fund eyes sale of $1.3B Malaysia Bank stake
An Abu Dhabi sovereign wealth fund is exploring the sale of its $1.3 billion stake in Malaysian lender RHB Capital Bhd six months after buying the shares, sources familiar with the matter told Reuters, and has engaged in early talks with Japan's Sumitomo Mitsui Banking Corp (SMBC).
February 14, 2012 2:21ADCB to net $272 mln in profits from RHB stake sale
ADCB sold its 24.9 percent stake in RHB to Aabar; Says funds to be used to strengthen balance sheet; ADCB shares rise 2.5 percent on Abu Dhabi bourse - reuters
June 19, 2011 10:27Aabar advances plans to delist
Board agrees plan, now set to go to shareholders.
June 26, 2010 12:37Aabar and Emaar launch Dead Sea project
Joint venture to build a Hilton managed hotel on Jordan’s Dead Sea waterfront as part of $1 billion development.
May 25, 2010 4:14Arabtec, Aabar extend due diligence date for merger
The due diligence date for the planned merger between the two firms has been extended to April 16.
February 28, 2010 4:27Aabar to acquire 70 percent stake in Arabtec
Abu Dhabi- based Aabar Investments is hoping to finalize...
January 10, 2010 4:13
Up, up and away
Virgin Galactic, partly owned by Abu Dhabi-based Aabar Investments, has just unveiled the world’s first commercial spaceship.
December 8, 2009 2:28Aabar to build cars in Algeria with partners
The group plans to assemble up to...
August 10, 2009 12:58
Aabar buys 4 pc stake in Tesla Motors
Abu Dhabi-based Aabar Investments has snapped up a 4 percent stake in electric-car company Tesla Motors Inc, and aims to...
July 13, 2009 2:53
Qatar Should Consider More Flexible Exchange Rate - Central Banker
As the World Cup draws closer, Qatar's fiscal spending, its only policy tool, may become difficult to restrict.
May 21, 2013 4:23
Yahoo on Tumblr: 'we promise not to screw it up'
Search engine giant confirms purchase of popular blogger site as both sides vow to address users' concerns
May 21, 2013 2:52
Arabtec workers: strike will continue
Employees say no promises for higher wages have yet been made.
May 21, 2013 11:57
Minimum wage 'unfair' for employers?
FNC member argues that minimum wage for domestic workers and maids is 'taking advantage' of employers.
May 20, 2013 4:24
Taking on Abercrombie & Fitch
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43