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Australia's CIMIC expects to take $1.8bn hit on Middle East exit
Australian contracting group Cimic is exiting the Middle East, a move which it says, could result in an A$1.8 billion (Dh4.5bn) hit to its bottom line. The company, formerly known as Leighton Contracting, owned a minority stake in BIC Contracting, formerly known as Habtoor Leighton Group, since 2007, but is…
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