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Binaa Dubai buys 90% stake in UAE-headquartered ALEC
Binaa Dubai has purchased a 90% stake in ALEC, according to the firm that acted
Grohe acquires Mesma Holdings’ stake in Grome JV
German sanitary fittings manufacturer, Grohe, has taken full ownership of Grome Marketing, its 50:50 joint
Damac’s Q1 2017 net profit sees 16% year-on-year dip
Damac Properties achieved a net profit of $240m in Q1 2017, approximately 16% lower than
Kuwait’s Al Mazaya records $6.3m profit in Q1 2017
Kuwait’s Al Mazaya Holding recorded a net profit of $6.3m (KWD1.9m) in Q1 2017, an
RAK Properties authorises 5% cash dividend at AGM
RAK Properties authorised the distribution of a 5% cash dividend for 2016 during its latest
Drake & Scull’s project backlog stands at $2.18bn
With a backlog of approximately $2.18bn, and an annual burn rate in the region of
Drake & Scull CEO attributes loss to legacy issues
The $214.4m net loss recorded by Drake & Scull International in 2016 was largely the
Drake & Scull CEO: Necessity now key driver in UAE
UAE developers are beginning to prioritise necessity over the need to launch iconic projects, according

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Construction Week - Issue 751
Oct 13, 2019