Dubai Stock Market falls to its lowest level during the week
Submitted by Aabid Hussain on Wed, 03/03/2010 - 23:40
The reports of tough future ahead for Arabtec Holding Company and Dubai Financial Market had have adverse impact on Dubai stocks, making Dubai Financial Market's General index or DFMGI to fall to its lowest in the week.
Arabtec starts test work on skyscraper
Submitted by Faarooq Mehmood on Mon, 09/28/2009 - 19:02
Arabtec Holding PJSC, UAE's major construction conglomerate, has commenced foundation-test work in Russia on a Dh10 billion tower.
The sources informed that Arabtec has inked a Dh50 million agreement with Gazprom in order to execute foundation tests to construct the Okhta Center in St Petersburg.
The sources further informed that the agreement may be inked by the company in November, while a third is expected by year-end.
