DUBAI, Nov 13 (Reuters) – Aldar Properties, the state-linked builder of Abu Dhabi’s Formula One circuit, reported a nearly 20 percent decline in third-quarter profit. The results come against a backdrop of a slowing economy and property market in the oil …
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Abu Dhabi’s Aldar reports 18.45% dip in Q3 profit
Abu Dhabi developer Aldar Properties has reported an 18.45 per cent decline in third quarter profit year-on-year. The company’s net profit declined from Dhs737m ($200m) in Q3 of last year to Dhs601m ($163.6m) in Q3 of 2017. Revenue was also down 27 per …
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Abu Dhabi’s Aldar posts Q3 net profit of $163m
Aldar Properties on Monday reported a third quarter net profit of AED601 million ($163.6 million) on revenue of nearly AED1.4 billion ($380 million). The Abu Dhabi-based developer said year-on-year revenue growth was 27 percent but did not provide a …
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Aldar Properties Delivers Strong Underlying Performance In Q3 2017
Aldar Properties PJSC (“the Company”), Abu Dhabi’s leading listed property development, investment and management company, today announced its financial results for the third quarter of 2017, which show a strong underlying performance across the business.
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Aldar Properties Announces Board And Management Changes
Aldar Properties PJSC (“the Company”), Abu Dhabi’s leading listed property development, investment and management company, is delighted to announce two important appointments. At yesterday’s Board meeting, the Directors of the Company appointed His …
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UAE agrees $1.6 billion deal with Lockheed Martin to upgrade F-16 fighters
Major General Abdullah Al Sayed Al Hashemi, Chief of the Military Committee and spokesman for the UAE Armed Forces was speaking at a news conference at the Dubai Airshow. The ministry also announced other deals, including 66 million dirhams to U.S.-based …
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Abu Dhabi: Now A Must-See Travel Destination, With The Sheikh Zayed Mosque — And The Louvre
Abu Dhabi, the small, seaside capital of the United Arab Emirate with one of the world’s greatest oil reserves, is finally emerging from the shadows of its close neighbor Dubai. Tourism there is increasing in large part because of the opening of the …
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Emirates annouces $15.1B Boeing purchase at Dubai Air Show
DUBAI, United Arab Emirates — The biennial Dubai Air Show opened Sunday with hometown long-haul carrier Emirates making a $15.1 billion buy of Boeing 787-10 Dreamliners, as the world’s biggest defence companies promoted their weapons amid heightened …
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New IPO just another part of Emaar’s success story
It’s almost exactly 20 years since chairman Mohamed Alabbar rolled out the first $3 billion Emaar Properties initial public offering (IPO), and I remember that landmark press conference very well. Something remarkable was clearly in the wind. The Dubai …
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Dubai property giant Emaar profits surge on high sales
Dubai construction giant Emaar Properties posted a sharp rise in third quarter profits Sunday as residential sales in the glitzy emirate gathered steam. Dubai has started recovering from a three year downturn after a 2014 oil price crash slammed the Gulf …
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Dubai Airshow: Boeing wins $15bn order from Emirates
Boeing kicked off the first day of the Dubai Airshow by announcing the first big sales news of the five-day event. Emirates has ordered 40 Boeing 787 Dreamliners in a deal worth about $15bn (£11.3bn) at list prices. The Dubai airline’s chairman …
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This DIY ‘hack’ will make your Wi-Fi stronger – and it genuinely works
If this sounds familiar, you have a few options: moving your bed directly into the living room, making it unliveable for the rest of your family; you could buy one of those Wi-Fi extender things; OR, you could put a little tinfoil hat on your router …
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Dubai Air Show opens with Emirates’ $15.1B Boeing buy
The biennial Dubai Air Show opened Sunday with hometown long-haul carrier Emirates making a $15.1 billion buy of Boeing 787-10 Dreamliners, as the world’s biggest defense companies promoted their weapons amid heightened tensions between Saudi Arabia and Iran.
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Dubai Airshow opens without Qatar amid Gulf tensions
DUBAI, United Arab Emirates — The biennial Dubai Air Show opened Sunday with the world’s biggest defence companies promoting their fighter jets, drones, armoured vehicles and missiles amid heightened tensions between Saudi Arabia and Iran. Airlines also …
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Sheikh Mohammed amends law on Interim Property Registration in Dubai
In his capacity as Ruler of Dubai, the UAE’s Vice President and Prime Minister, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has issued Law No. (19) of 2017 partially amending Law No. (13) of 2008 on Interim Property Registration in Dubai.
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Dubai’s Emirates partners with Mercedes for new first class suite
Dubai carrier Emirates has enlisted the help of German automotive … Also included in the revamp is a redesigned business class seat inspired by the interior of a modern sports car. It includes a diamond stitch pattern on a full leather cover, with …
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10th anniversary special: Raffles Dubai
There are a number of guests discreetly going about their business, and it’s easy to see that the property still commands a high number of GCC guests. Raffles Dubai has also successfully maintained its position in the top two hotels in Dubai out of 556 …
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