Drake and Scull International PJSC (DSI.DU)

Dubai's Drake & Scull to halt work on some projects as losses top $1.3bln

Restructuring plan has 'progressed considerably', says UAE builder

Drake and Scull auditor raises doubts on Dubai firm's ability to continue

Firm reports $54mln half-year net profits; auditor says liabilities exceed current assets

Dubai-listed Arabtec Holding hires AlixPartners for debt advisory -sources

AlixPartners is assessing the company's debt profile

Dubai's Drake & Scull names new CEO, CFO

Contractor says new executive team to 'lead company at this important stage'

Dubai's Drake & Scull files new criminal complaints against Khaldoun Tabari

DSI has been pursuing legal action against Khaldoun Tabari to get him extradited to the UAE following his arrest by Jordanian authorities

Ex-Drake and Scull CEO Khaldoun Tabari arrested in Jordan airport

Tabari was the CEO of the loss-making company from 1998 until 2016

Mideast Stocks: Factors to watch on September 25

Here are some factors that may affect Middle East stock markets on Wednesday

Bank lending leads investment opportunities 

Loans to the construction industry fell by over 10% in the first quarter

UAE market regulator forms forensic audit committee on Drake and Scull

The committee is investigating "the reasons for Drake and Scull's floundering financial position and accumulated losses," it said.

Dubai's Drake & Scull blames heavy losses on former managers

DSI claims 2017 investment was made on the back of "false information"

Drake & Scull's negative $1.28bln of equity

Accounts show goodwill impairment worth more than 900 million dirhams

Dubai's Drake & Scull removes another CEO as it posts $1.2bln loss

CEO Tawfiq Abu Soud removed after three months and CFO Khaled Jarrar after just two months

Shareholders back latest restructuring plan for Dubai's Drake & Scull

Shareholders give board the power to liquidate parts of the business

Mideast Stocks: Emaar's gain lifts Dubai, banks pull down Saudi

The Dubai index continued its winning streak for a fourth straight session, rising 0.8%, with Emaar Properties gaining 3.2%

Ex-Drake & Scull vice-chairman Khaldoun Tabari launches $1mln claim against Tabarak Investment

Tabari alleges breach of an undertaking given at the time he sold his shares in Drake & Scull to Tabarak Investment

GCC Equities Review: Abu Dhabi ascends despite dramatic Dubai downfall

Dubai market drops by 26 percent as tourism and real estate markets weaken

Dubai's Drake & Scull says chairman, CEO have resigned

Company's board will oversee the running of the firm until a new CEO is found

Mideast Stocks: Factors to watch on December 26

Here are some factors that may affect Middle East stock markets on Wednesday

Drake & Scull picks up $163mln Reem Mall contract

DSI's shares have been suspended from Dubai Financial Market since November 15

Monday outlook: Asian shares, oil prices drop

Asian 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

Mideast Stocks - Drake and Scull jumps in Dubai, outperforming weak Gulf markets

In Saudi Arabia the index was down 0.4 percent after 20 minutes of trading

Wednesday outlook: Brent oil prices hover near $85

Oil prices added gains again on Wednesday on tightening supply. Asian shares traded higher with Chinese markets still closed for the week. More commentary on Middle East markets, currencies, precious metal

Tuesday outlook: Asian shares fail to maintain positive momentum

Asian shares drop as NAFTA lift fades. Egypt's market drops again, UAE and Saudi Arabia rise mainly on higher oil prices. Oil prices add more gains on tightening supply. More commentary on currencies and precious metals.

D-Day: The series of events that led to DSI's meeting on Thursday

Analyst says Drake and Scull International's decision on dissolution or not "looks more of a formality as business will likely continue as usual"

Wednesday outlook: All eyes on U.S. Fed's meeting outcome

Investors await the Fed's meeting outcome. Asian shares added gains in early trading on a rebound in Chinese shares. Saudi Arabia's index added 1.8 percent boosted by higher oil prices. More commentary on oil prices, currencies and precious metals

Tuesday outlook: Global markets drop, oil prices firm

Asian shares retreated early Tuesday morning on trade tensions between the U.S. and China as investors remained cautious. Most stock markets in the Middle East dropped on Monday. More commentary on oil prices, currencies and precious metals.

Monday outlook: Asian shares drop on renewed trade tensions

Asian shares retreated early on Monday on signs of renewed trade tensions. Middle East markets closed mostly lower with Egypt dropping more than 3 percent. More commentary on oil prices, currencies and precious metals

Dubai's DSI weighs on DFM on Wednesday, market closes lower

Loss-making DSI dropped its 10 percent daily limit, shareholders to decide whether to dissolve the company

Dubai's DSI says it will seek to keep operating as shares slide

Shareholders to decide whether to keep company operating

Wednesday outlook: Oil prices drop as global supply rebounds

Oil prices dropped on Wednesday as the impact of the storm in the U.S. Gulf Coast that was anticipated on Tuesday was not as strong as initially expected. Global markets kept trading lower due to trade tensions. More commentary on Middle East markets, currencies and precious metals.

Wednesday outlook: Dollar soars, while oil prices fall, Asian stocks retreat

Asian stocks sagged, failing to track Wall Street's gains and with the dollar near a 13-month high as concerns about the Turkish crisis weighted on markets. More commentary on the impact for Mideast stocks, oil, currencies and gold.

MIDEAST STOCKS-Qatar, Saudi rebound as Turkey concerns ease

BUZZ-Dubai's Drake & Scull jumps from record low; CEO replaced

DSI reported second-quarter net loss of $49.3 million

Mideast Stocks: Gulf stocks drop in early trade amid emerging markets weakness

The worst performer in the first half hour of trading was Middle East Healthcare Co

Drake and Scull weights on DFM, with contractor now down 77.9% so far this year

DSI drops 9.9 percent for the second day in a row

Thursday Outlook: Asian shares, oil prices slid

Global markets and oil prices retreated early on Thursday as China's state broadcaster said China must counteract U.S. tariff in an escalating trade war between the two countries. More commentary on Middle East markets, currencies and precious metals.

MIDEAST STOCKS-Petchem shares down in Saudi, Drake and Scull lifts Dubai

The index was 0.2% lower, pulled down by Saudi Kayan Petrochemical Co and Sahara Petrochemical, down 0.3% and 1.3% respectively

MIDEAST STOCKS-Bahrain’s Ahli United jumps on merger news amid weak Gulf markets

Most Middle East stock markets shed value on Tuesday

Ex-Drake & Scull CEO refutes claim he owes millions to Dubai firm

Khaldoun Tabari says 'I refute in the strongest terms any suggestion that I or my daughter' owe Drake & Scull any money

MIDEAST STOCKS-Saudi flat, Drake and Scull International lifts Dubai

Gulf stock markets were mostly flat on Sunday

Mideast Stocks: Jabal Omar up in Saudi, Drake and Scull heavily traded in Dubai

Building contractor Drake and Scull International was by far the most traded stock in the market

UAE is a major investment hub for Indian businesses

India enjoys close and multifaceted bilateral ties with the UAE

MIDEAST STOCKS-Saudi petchems rise in mixed early trading in Gulf markets

The Saudi index edged up 0.4% in trading as Saudi Kayan, the most heavily traded stock, climbed 8.5% to 10.80 riyals

UAE equity indices little changed after ADNOC IPO rush

Adnoc Distribution shares to be listed in Abu Dhabi later this week

Arabtec shares jump in sideways Dubai market

Arabtec shares rose as much as Dh3.48, before closing 7.43 per cent higher at Dh3.47

INTERVIEW: Drake & Scull's new shareholder set to open doors for new project wins

Tenders for Tabarak-backed Wahat Al Zaweya project expected to begin issuing this year with potential contracts for DSI

DSI prepares to secure SCA approval for share capital reduction

The latest developments represent a critical progress in the capital restructuring program that will enable the Company to resolve its liquidity challenges

Dubai's Drake & Scull in talks with banks to sell plots of land

Earlier this year, the cash-strapped contractor announced a turnaround and capital restructuring plan which included a number of cost-cutting measures and capital raising initiatives.

Former Drake & Scull CEO sells stake in Dubai contractor

Dubai-based Tabarak Investment has become the largest shareholder in Drake & Scull International

Dubai's Drake and Scull in talks with banks on restructuring

In February, DSI announced a capital restructuring plan to turnaround financial performance