Emaar Malls recorded full-year 2018 net profit of Dhs2.230 billion, a growth of 7 per cent over 2017.
In a clear demonstration of the United Kingdom’s attractiveness as a long-term destination for foreign direct investment, DAMAC International has secured a development financing package of $229.4 million (GBP175 million) for London’s landmark project, DAMAC Tower at Nine Elms. The partnership marks a major vote of confidence in the United Kingdom, at a time of heightened political and economic uncertainty.
Exhibitors at Cityscape Abu Dhabi, the UAE capital’s leading property investment and development event, have identified the emirate’s emerging trend for affordable luxury housing to solve a prevailing disconnect between developer preferences and buyer demand.
Real estate sector in Dubai has always been a key source of remarkably contributing to the economy. Property developers and real estate agents are behind the success of the emirate’s booming property market, making all out efforts to supply units to meet the growing demand in the wake of high influx of expats.
Emaar Properties achieved one of the highest quarterly property sales in Dubai during the first quarter (January to March) of 2019 recording an increase of 53 per cent to Dhs 5.979 billion (US$ 1.628 billion) compared to the Q1 2018 sales of Dhs 3.906 billion (US$ 1.063 billion).
SABB and Alawwal bank on Sunday created Saudi banking history by legally combining their businesses. Following regulatory and shareholder approvals, the banks have now become a single listed company,
Signalling growing investor confidence in Dubai, new business licenses issued in the emirate during the first four months of 2019 increased 35 per cent compared to the same period of 2018
Workers at Volkswagen’s plant in Chattanooga, Tennessee, voted Friday night against forming a factory-wide union, handing a setback to the United Auto Workers’ efforts to gain a foothold among foreign auto facilities in the South.
The UAE Ambassador to India, Dr Ahmed Abdulrahman Al Banna, has met with India’s new Minister for Civil Aviation, Hardeep Singh Puri, and discussed pressing issues relating to cooperation between the two countries in civil aviation.