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.

corporate

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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.

business