Ezdan Holding temporarily removed from QSE indices
(Gulf Times - 30/05/2017)
Ezdan Holding Group has been temporarily removed from the Qatar Stock Exchange indices and its weight will be proportionately redistributed to the remaining constituents of the Qatar Index and the Al Rayan Islamic Index. A decision regarding this was
Drake & Scull wins approval for key restructuring plan
(Trade Arabia - 29/05/2017)
Drake & Scull International (DSI), a regional engineering and services leader, said it has won approval from shareholders on the proposed capital restructuring programme which will see the company pursue a two-pronged strategy with additional capital
Dubai's DSI to put aside $272m for debt payments
(Arab News - 29/05/2017)
Dubai contractor Drake & Scull International (DSI) expects to have nearly 1 billion dirhams ($272 million) of cash flow available over the next four years to partly repay its debt, banking sources told Reuters. The loss-making builder sent non-disclosure
Emaar unit buys 51pc stake in e-fashion retailer Namshi
(Trade Arabia - 25/05/2017)
Leading developer Emaar Properties said its retail business unit has signed a strategic partnership deal with emerging markets' leading fashion e-commerce platform Global Fashion Group (GFG) to further the growth of Namshi, a leading online fashion
Damac Properties seals e-tendering agreement
(Trade Arabia - 23/05/2017)
Damac Properties, a leading luxury developer based in Dubai, UAE said it has entered into a three-year e-tendering agreement with professional e-tendering platform ProTenders.com. ProTenders was specifically chosen in order to streamline Damac
Damac launches premium villas at Akoya Oxygen
(Trade Arabia - 23/05/2017)
Damac Properties, a leading luxury real estate developer, has announced the launch of Aknan (shelter in Arabic), a collection of three-bedroom luxurious villas within the greenery of master development Akoya Oxygen. Located at the 55-million-sq-ft luxury
Aldar wins Abu Dhabi media group HQ contract
(Trade Arabia - 23/05/2017)
Aldar, a leading developer based in Abu Dhabi, said it has won a major contract from twofour54, Abu Dhabi's key media and entertainment free zone, to build their headquarters on the Yas Island in the UAE capital. This comes as part of a plan to relocate
Qatar's tower Burj DAMAC Seaviews to go on sale May 24
(Saudi Gazette - 22/05/2017)
DAMAC Properties, a leading luxury real estate developer in the region, is set to launch Burj DAMAC Seaviews in Qatar next week. The 31-storey tower, featuring luxury furnished and serviced apartments and townhouses ideally located at the beachfront in
Damac launches seaview luxury tower in Qatar
(Trade Arabia - 18/05/2017)
Damac Properties, a leading real estate developer in the region, is set to launch Burj Damac Seaviews, a 31-storey luxury tower featuring furnished and serviced apartments and townhouses, in Qatar next week. Located in the prestigious Marina District of
Emaar net profit surges 15pc in Q1
(Trade Arabia - 16/05/2017)
Dubai developer Emaar Properties has registered a net profit of Dh1.384 billion ($377 million) in the first quarter, up 15 per cent over Dh1.205 billion ($328 million) for the same period last year. The builder of the world's tallest tower Burj Khalifa,
Damac reports Dhs880m net profit in Q1
(The Gulf Today - 16/05/2017)
Damac Properties Dubai on Monday announced the financial results for the first three months ending 31st March 2017 with recorded revenues at Dhs1.95 billion and gross profit margins at 54 per cent. Net profit for the reporting period stood at Dhs880
Land and property sales keep Aldar profit ahead of forecast
(The National - 10/05/2017)
The Abu Dhabi developer Aldar Properties compensated for a drop in government income in the first quarter of this year by boosting property and land sales. In a statement to the Abu Dhabi bourse on Tuesday, Aldar said that profit attributable to
Drake & Scull clarifies on payments from Saudi Aramco
(Gulfnews - 10/05/2017)
Drake and Scull expects to get a response soon from Saudi Aramco on some of the claims amounting to 1 billion Saudi Riyals, it said in a bourse statement on Tuesday. The company suggested that media had reported, quoting its chief executive officer Wael
Drake and Scull shareholders reject group's capital-raising plan
(The National - 08/05/2017)
Shares in Dubai-based contractor Drake and Scull International (DSI) fell to their lowest level in 15 months on Sunday after the shareholders voted to further increase the company's planned capital reduction and refused to subscribe to a capital raising.
Aldar awards Dh1.7b development contract for Yas Acres
(Gulfnews - 08/05/2017)
Aldar Properties has appointed Trojan General Contracting as the main contractor for the first three precincts of its Yas Acres flagship development on Yas Island. The total value of the contract is Dh1.7 billion for a period of 32 months. Trojan General
Emaar Malls records 19% growth in Q1
(The Gulf Today - 08/05/2017)
Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties , recorded a net profit of Dhs539 million ($147 million) in the first quarter (January to March) of 2017, higher by 19 per cent over Q4 (September to December) 2016
Aldar says third tower of The Bridges sold out
(Gulfnews - 07/05/2017)
Following the strong demand for the first two towers of The Bridges at Cityscape Abu Dhabi 2017, Aldar has subsequently sold out all homes in the development's third tower in just 4 hours generating a total value of Dh600 million across all 3 towers, the
Arabtec to launch rights issue on May 15
(Gulfnews - 03/05/2017)
Arabtec Holding, the Dubai-listed construction firm, said that subscription for its Dh1.5 billion rights issue will open on May 15 and close on May 28. In a statement to the Dubai bourse, Arabtec said it plans to publish an invitation to shareholders on
Ezdan net profit surges by 61.5% to QR946m
(The Peninsula - 02/05/2017)
Ezdan Holding Group has reported 61.5 percent surge in its net profit to reach QR946m for the first quarter of the current financial year, compared to QR586m in the corresponding period last year. The earnings per share (EPS) rose to 36 Dirhams from 22
Barwa set to launch Phase 2 of Al Mawater project
(Trade Arabia - 02/05/2017)
Qatar's Barwa Real Estate will launch Phase 2 of its Madinat Al Mawater project in the second quarter of 2017, a report said. Phase 1, which is expected to be completed in the first quarter, will accommodate showrooms, workshops, housing units, retail
Union Properties to meet May 25 to elect new board members
(Gulfnews - 02/05/2017)
Union Properties has called an extraordinary general meeting of its shareholders on May 25 to fill the three vacancies on its board of directors, including that of Khalid Bin Kalban, its chairman until Wednesday last week. There are seven members in the
Ezdan profit jumps 62% to QR946mn
(Gulf Times - 01/05/2017)
Ezdan Holding Group has registered a stupendous 62% expansion year-on-year in net profit to QR946mn in the first three months of this year. Earning-per-share rose to QR0.36 at the end of March 31, 2017 compared to QR0.22 in the same period of 2016. "The
Deyaar reports net profit of Dhs32 million
(The Gulf Today - 01/05/2017)
Deyaar Development, one of Dubai's leading property developers and real estate service providers, on Sunday announced its financial results for the first quarter of 2017. Deyaar reported a strong year-on-year increase in revenues to Dhs142 million [Q1
Please wait...
