Dubai's Arabtec Q2 net up 11%, misses estimates
Arabtec, the construction company at the centre of Dubai's stock market turmoil, reported an 11 percent rise in second-quarter profit on Sunday, missing analysts' estimates.
Board of Dubai's Arabtec to meet on Thursday
The board of Dubai construction company Arabtec will meet on Thursday afternoon to review its second-quarter earnings statement and other reports and recommendations.
DFM index falls 5.99% as Arabtec slides 9.9%
The Dubai Financial Market (DFM) index plunged after six consecutive sessions of going up, with a 5.99 per cent drop on Sunday to reach 4,609.67 on the back of a 9.9 per cent fall by powerhouse, Arabtec.