Abu Dhabi developer Sorouh swings to Q4 profit
Abu Dhabi developer Sorouh Properties, the emirate's second largest developer by market value, swung to a profit in the fourth quarter, lifted by a rise in home and land sales.
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Abu Dhabi developer Sorouh Properties, the emirate's second largest developer by market value, swung to a profit in the fourth quarter, lifted by a rise in home and land sales.
February 15, 2012 2:01Etisalat, the Gulf's largest telecom firm, wants to acquire a licence in Libya or invest in one of the North African country's existing operators, its chairman told Reuters on Monday.
February 14, 2012 2:46Aldar Properties, bailed out twice by Abu Dhabi with rescue packages totalling over $10 billion, swung back into profit in 2011 on the back of land sales to the government and increased residential sales.
February 14, 2012 2:41An Abu Dhabi sovereign wealth fund is exploring the sale of its $1.3 billion stake in Malaysian lender RHB Capital Bhd six months after buying the shares, sources familiar with the matter told Reuters, and has engaged in early talks with Japan's Sumitomo Mitsui Banking Corp (SMBC).
February 14, 2012 2:21