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Amlak Finance reports 20% drop in 2016 net profit
Despite the fall in net profit, Amlak's total revenues reached $211.8m in 2016, an increase
McDermott secures $34.1m net profit in 2016
Revenues earned in 2016 totalled $2.63bn, a decrease of $434.3m, compared to $3.07bn in the
Damac reports net profit of $1bn in 2016
Damac completed more than 1,600 units in 2016 in Damac Hills (Akoya previously) development. Total
UAE: Arabtec working with boutique investment bank
Arabtec has enlisted the assistance of boutique investment bank, Moelis, to study options for its
UAE: Imdaad earns $136m in revenue for 2016
The Dubai-based company has also signed a few major contracts with leading firms in the
Dubai: Arabtec posts Q3 2016 net loss
During Q3 2016, Arabtec succeeded in securing new projects, including a five-star hotel in Dubai
Kuwait: URC posts $16.1m nine months net profit
URC’s net profit for the third quarter of 2016 ended 30 September, 2016, reached $6.2m
HIA exit tax to help fund airport refurbishments
As the government curbs spending amid falling oil prices, the tax is seen as an

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Construction Week - Issue 754
Nov 23, 2019