Dubai's Drake & Scull to halt work on some projects as losses top $1.3bln
Restructuring plan has 'progressed considerably', says UAE builder
ZAWYA - 17-Nov-2020Restructuring plan has 'progressed considerably', says UAE builder
ZAWYA - 17-Nov-2020Firm reports $54mln half-year net profits; auditor says liabilities exceed current assets
ZAWYA - 13-Oct-2020AlixPartners is assessing the company's debt profile
Reuters News - 24-Sep-2020Contractor says new executive team to 'lead company at this important stage'
ZAWYA - 07-Sep-2020DSI has been pursuing legal action against Khaldoun Tabari to get him extradited to the UAE following his arrest by Jordanian authorities
ZAWYA - 29-Jan-2020Tabari was the CEO of the loss-making company from 1998 until 2016
ZAWYA - 15-Jan-2020Here are some factors that may affect Middle East stock markets on Wednesday
Reuters News - 25-Sep-2019Loans to the construction industry fell by over 10% in the first quarter
Opinion - 07-Jul-2019The committee is investigating "the reasons for Drake and Scull's floundering financial position and accumulated losses," it said.
Reuters News - 02-May-2019DSI claims 2017 investment was made on the back of "false information"
ZAWYA - 30-Apr-2019Accounts show goodwill impairment worth more than 900 million dirhams
Opinion - 28-Apr-2019CEO Tawfiq Abu Soud removed after three months and CFO Khaled Jarrar after just two months
ZAWYA - 25-Apr-2019Shareholders give board the power to liquidate parts of the business
ZAWYA - 09-Apr-2019The Dubai index continued its winning streak for a fourth straight session, rising 0.8%, with Emaar Properties gaining 3.2%
Reuters News - 02-Apr-2019Tabari alleges breach of an undertaking given at the time he sold his shares in Drake & Scull to Tabarak Investment
ZAWYA - 29-Jan-2019Dubai market drops by 26 percent as tourism and real estate markets weaken
ZAWYA - 16-Jan-2019Company's board will oversee the running of the firm until a new CEO is found
ZAWYA - 26-Dec-2018Here are some factors that may affect Middle East stock markets on Wednesday
Reuters News - 26-Dec-2018DSI's shares have been suspended from Dubai Financial Market since November 15
ZAWYA - 05-Dec-2018Asian shares retreated in early trading on Monday tracking Friday' drop on Wall Street. Middle East markets fell on Sunday as weak global markets weighed on investor sentiment in the region. More commentary on oil prices, currencies and precious metals
ZAWYA - 08-Oct-2018Refinitiv research team update company information from primary sources (company annual reports, press releases, company websites, corporate briefings, official statements/interviews) and reliable secondary sources (stock markets, reliable third party publications).
Gold holds near 9-month low on stronger dollar, higher U.S. yields
This website uses cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.
Privacy StatementCookie Policy