DSI expands footprint in Eastern Europe
The Dubai Financial General Index DFMGI gained 1.29 per cent, reaching 4,025.69 points on Monday, February 10. It was the first to close above 4,000 points in more than six years. Drake and Scull International (DSI) was the most liquid share, ending up 4.76 per cent at AED1.76. Earlier in the day, DSI said in a filing to the bourse that Passavant-Roediger GmbH – a wholly owned German subsidiary of DSI – has won three major projects for Water and Wastewater Treatment Plants in Romania, Bosnia and Herzegovina and Turkey for a combined value of AED166 million (€33.4m). Arabtec shares edged up by 1.18 per cent to AED5.14, after it said that it was awarded a joint venture contract to carry out mechanical, electrical and plumbing work at the new Abu Dhabi International Airport Midfield Terminal Building (MTB). The 700,000 square metre terminal building is one of the key strategic infrastructure projects in Abu Dhabi. It will accommodate up to 65 aircraft, including the Airbus A?380, with an expected capacity of 30 million passengers per year.