Troubled company has also reduced its accumulated losses down to $1.3bn
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construction industry
Dubai’s Drake & Scull announces $102m contract wins amid continuing company restructure
Contractor also revealed it is bidding for several projects, worth $476.5m in Iraq and Kuwait
contracting giant
Former Drake & Scull CEO claims he’s a ‘scapegoat’ for rising losses
Khaldoun Tabari says the Dubai-based contractor has filed 15 complaints against him to the public prosecutor in the UAE
contracting giant
Dubai’s Drake & Scull hands over files on ‘questionable’ projects
Drake & Scull International gives update on investigation into 2018 losses as new members join its board
Beaver Gulf
Margins dropping for Dubai contractors, says Beaver Gulf boss
Dropping margins are making contractors in Dubai more selective about the projects and clients they engage with, according to the boss of one firm
contracting giant
Drake & Scull probe said to find ex-CEO owing up to $272m
The amount exceeds the market value of the Dubai-based company, whose shares have plunged about 70% this year
contracting giant
Dubai’s Drake eyes legal action against former management execs
Drake and Scull International says a committee has concluded its investigation into the conduct of previous management
Construction contracts
Dubai contracting giant rebounds to post profit in Q1
Drake & Scull International, which made a big quarterly loss 12 months ago, reports net profit after debt restructuring plan
contracting giant
Drake and Skull record $97m loss in Q3
The contracting giant says debt restructuring process expected to finish in Q4