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Nokia charging back with full force
Saudi government websites targeted
Egyptian group Orascom Development and local real estate firm Madinet Nasr Housing scrapped an agreement to cooperate in developing the Tigan real estate project, Orascom said on Monday.
January 16, 2012 12:24Troubled Dubai developer Nakheel is in talks with banks to raise financing for a new project on its man-made island Palm Jumeirah, worth at least 300 million dirhams ($81.68 million), its chairman said on Wednesday.
January 11, 2012 11:14Abu Dhabi's Aldar Properties will convert a portion of bonds held by Mubadala Development Co into shares as part of a deal which will eventually see the investment fund take its stake to nearly 60 percent.
December 15, 2011 3:27Co says profit payment of 10 pct on time; Nakheel says the payment due on Dec. 15; The $1.03 bln sukuk was issued in August
December 12, 2011 1:29
The reassessment of Abu Dhabi's Vision 2030 resulted in job cuts and project delays. It would've been nice without a negative knock-on effect but perhaps it just couldn't be helped.
December 11, 2011 6:10The Saudi unit of Dubai contractor Drake & Scull has signed a 352 million dirhams ($95.8 million) deal to build a commercial development project in Riyadh, the company said in a statement on Tuesday.
December 6, 2011 10:33H1 revenue 1.5 billion dirhams; Revenue driven by handover of properties; Says remobilised a number of its construction sites
December 6, 2011 10:23Bahrain-based Investcorp has acquired three real estate assets in the United States for around $100 million, a source familiar to the matter said, bringing its total property buys this year to $300 million.
November 20, 2011 11:22
Q3 2011 sees Jeddah’s real estate market enjoy the effects of additional government funds for housing as prices increase in retail and residential space; office space expected to drop, though.
November 16, 2011 3:31
In business, words don't mean a thing. It's all about what's in black and white. But broken promises, even verbal ones, still sting as some Dubai residents find out.
November 15, 2011 4:24
Prestige property projects reviewed, some put on hold; Abu Dhabi responding to weaker market, global uncertainty; But retrenchment different from Dubai crisis; Government remains very strong financially; Strategy change may please international investors
November 10, 2011 4:07Aldar Q3 profits 144 million dirhams; Q3 revenues at 3.13 bln dirhams; Q3 revenues up on 2.6 bln dirham land sale to Abu Dhabi
November 3, 2011 5:36
With Aldar's lay offs, Surouh's misses target and Emaar's 34 percent drop, will Dubai's $1 billion investment injection be enough?
October 31, 2011 2:38To scale down on certain functions, 105 jobs to go; Other Abu Dhabi developer Sorouh profit up 13 pct, misses view
October 31, 2011 10:49
It's a marketing tactic and not economic realities that led to the decision to delay some of their projects, says TDIC. Of course, it is.
October 30, 2011 2:31
Telecom company exhibits its high impact projects, including Mobile Baby.
May 21, 2013 6:01
As the World Cup draws closer, Qatar's fiscal spending, its only policy tool, may become difficult to restrict.
May 21, 2013 4:23
Search engine giant confirms purchase of popular blogger site as both sides vow to address users' concerns
May 21, 2013 2:52
FNC member argues that minimum wage for domestic workers and maids is 'taking advantage' of employers.
May 20, 2013 4:24
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
