Arabtec wins Aldar’s AED4bn contract in Kazakhstan
Aldar Properties, Abu Dhabi’s largest real estate developer by market capitalisation, has awarded a contract worth nearly AED 4 billion in Kazakhstan to a joint venture company led by regional construction major Arabtec, it was announced.
Dubai shares make a strong comeback as investors adopt a cautious approach
UAE shares, especially Dubai, made a strong comeback on Monday after suffering losses on Sunday despite investors adopting a cautious approach.
UAE revives bourse merger proposal after huge aluminium deal
The United Arab Emirates has revived a proposal to merge its two main stock exchanges in a state-backed deal that could boost trade in the local market and attract more foreign investment to the Gulf state, sources familiar with the plan said.