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%.
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).
DP World container volumes decline 7% to 12.8 million TEU
Global port operator DP World posted a seven per cent decline in cargo it handled during the first quarter of 2013, amid challenging operating conditions, it said.