Arabtec CEO, executives on Depa board
Arabtec Holding’s chief executive officer has been appointed on the board of directors for interiors contractor Depa after the construction company bought nearly a quarter of the firm last year - with analysts saying it could increase its ownership by 100%.
DFM and ADX maintain upward trend
Dubai’s benchmark index continued yesterday from where it ended on Tuesday, as stocks maintained their upward trend to set new highs since October 2009. At close, the DFM’s measure rose 1.39% to 2286.61. For the quarter, it is up more than 24%.
Emaar Properties records first quarter 2013 net profit of AED556m
Emaar Properties PJSC, the global property developer, recorded first quarter (January to March) 2013 net profit of AED 556 million (USD 151 million).