Business & Management

Arabtec's 1Q profits slide

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Arabtec Holding saw Q1 net profits slump 80 per cent after releasing figures for the first three month of the year as the property downturn in the Dubai had a knock on effect on the firm's earnings.

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Qatar cancels plans for power plants in Syria

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Qatar Electricity & Water Co (QEWC) announced that it has cancelled plans to build two power plants in Syria.

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Roots Steel acquires Ginco Steel LLC and Polyco Co. Ltd

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Roots Steel International Co. Ltd (Roots Steel Group), a leading Saudi Arabia-based manufacturer of pre-engineered metal building systems, announced the acquisition of two Sharjah-based companies - Ginco Steel LLC and Polyco Co. Ltd, both wholly owned subsidiaries of Bank of Sharjah.

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Abu Dhabi to impose waste disposal tax

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Abu Dhabi has told local companies they would have to pay tax for waste disposal services within a plan to be enforced very soon with the aim of easing the financial burden on the government and cutting waste dumping.

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Tripp Lite eyes more partnerships in Dubai

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Power protection, cooling and connectivity solutions provider Tripp Lite believes that Dubai remains a top choice in the region for companies to establish themselves in, a top official said.

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