DUBAI, United Arab Emirates – Dubai developer Emaar Properties has posted 2.8 billion dirhams ($772 million) in net profits for the first half of 2017 and laid out plans to spin off its domestic real estate business. Emaar Properties, which trades on the …
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IPO Activity in GCC Slows Down in Q2 2017: Report
Further, IPO activity in the first half (H1 … In the UAE, Industrial & Commercial Bank of China Limited – Dubai Branch (“ICBC”) listed three bonds on Nasdaq Dubai, amounting to $400 million, $300 million and EUR500 million. In Saudi Arabia, Acwa …
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Dubai’s Emaar Properties posts 14 pct rise in second-quarter profit
DUBAI, Aug 14 (Reuters) – Dubai’s Emaar Properties , which is … The retail operation last week reported a 5 percent increase in second-quarter profit. The initial public offering (IPO) of up to 30 percent of the UAE development business is expected …
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Rising Dubai property sales boost Emaar’s H1 profits
Dubai developer Emaar Properties on Monday announced 15 percent profit growth to $772 million in the first half of 2017, with property sales in the emirate up 22 percent. Property sales in Dubai reached 10.814 billion dirhams ($2.94 billion, 2.5 billion …
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IPO activity in GCC slows down in Q2
Further, IPO activity in the first half (H1 … In the UAE, Industrial & Commercial Bank of China Limited – Dubai Branch (“ICBC”) listed three bonds on Nasdaq Dubai, amounting to $400 million, $300 million and EUR500 million. In Saudi Arabia, Acwa …
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From luxury yacht to primitive Dubai prison cell: How John Ibrahim’s brothers were arrested while ‘celebrating drug deal with Moet champagne on $45,000-a-day boat’
Five men arrested over their role in an alleged $810 million drug ring have gone from living lives of luxury to sweltering in a primitive Dubai prison cells in 45C heat. Michael Ibrahim, 39, older brother Fadi, 43, and other members of the ‘Dubai Five …
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Trina’s PV Modules Operational in The Sustainable City in Dubai
DUBAI, United Arab Emirates, Aug. 13, 2017 /CNW/ — Trina Solar’s PV modules have commenced operations in the 10MW Sustainable City in Dubai, an innovative project that serves as living proof that developing a community where energy needs are to be met …
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UAE: Top choice for young jobseekers
The UAE has emerged as the most attractive country for young jobseekers in the Middle East and North Africa (Mena) region, with nearly six in 10 respondents saying that they would relocate to the country for job opportunities. According to the ‘Fresh …
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Arab bloc won’t discriminate against U.S. firms in Qatar rift
DUBAI: Four Arab countries that imposed sanctions on Qatar have told the United States that U.S. companies doing business with them would not be punished for also working with Doha, four sources with knowledge of the matter said. Foreign firms have become …
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UAE- Maternal instinct nurses a business
(MENAFN – Khaleej Times) The #UAE is the ideal place for women entrepreneurs with a progressive leadership that is driving a diversity strategy to empower and enable women in different fields, says Shifa Yusuffali, CEO of Ideacrate Edutainment Company.
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UAE dates: A long, sweet history of togetherness
From tissue culture to drip irrigation, new technologies have played a major role in reviving and expanding date palm cultivation in the UAE, senior officials told Gulf News. Nowadays, large-scale propagation of the date palm in the UAE takes place in …
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Dh10b boost to UAE education sector
In the UAE and Middle East, governments and private schools are heavily investing in the latest educational technology to drive differentiated learning and collaborative projects that will help students prepare for the technology-infused careers …
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UAE Property Demand Continues to Slow
Demand for commercial property space is continuing to fall in the United Arab Emirates as economic growth slows, according to a report published by the Royal Institution of Chartered Surveyors on Sunday. The professional trade body for the surveying …
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UAE commercial landlords offer tenant incentives as demand falls
LONDON: Commercial property landlords in the UAE have been forced to offer tenants better incentives to stay as occupier demand fell for the seventh consecutive quarter. The claim, made in the latest quarterly report from the Royal Institution of Chartered …
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Yellow Door Energy, Middle East Insulation Sign Agreement to Build 205 kWp Solar PV Plant
DUBAI, UAE, August 13, 2017 /PRNewswire/ — As an investor and owner-operator YDE will manage the construction, operation and maintenance of the solar plant for the next 15 years Yellow Door Energy (YDE), a Dubai-based firm that invests in and operates …
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Dubai secures business events with an economic impact of Dh375m
Dubai Business Events (DBE), the emirate’s official convention body, said yesterday it won events in the first half of this year that are forecast to attract more than 51,000 delegates providing a boost to the economy Dh375 million. The emirate secured …
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Energy hedge funds look to spreads, margins as long bets flail
Commodity hedge funds have dwindled in recent years as oil prices slumped … and Catherine Ngai in New York and Amanda Cooper in London; Editing by Lisa Shumaker) DUBAI (Reuters) – Four Arab countries that imposed sanctions on Qatar have told the United …
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