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Corporate

Mubadala appoints new team

Following the announcement, Cyril Arar has been appointed as new chairman of the board of directors; Ismail Ali Abdulla becomes deputy chief executive officer; and Murray Hundleby becomes general counsel.

Corporate6 years ago

Business

Arabtec swings to Dh2.35b annual loss

Revenue plunged to Dh7.3 billion, down Dh1 billion or 12 per cent, from 2014, the Dubai-based company said in a statement. It cited the "difficult environment that the regional construction market is facing" for the loss and said it is seeking to further reduce costs.

Business6 years ago