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Emaar Q1 Net Profit Beats Forecast

Emaar Q1 Net Profit Beats Forecast

Dubai's Emaar Properties reported a 44 percent rise in first-quarter profit on Saturday; made a profit of 606 million dirhams ($165 million), compared to 421 million dirhams during the same period last year

April 29, 2012 9:01
 
Sorouh Q1 Profit Rises 30 Percent

Sorouh Q1 Profit Rises 30 Percent

Abu Dhabi's Sorouh Real Estate, which is eyeing a state-backed merger with rival Aldar Properties, posted a 30 percent rise in quarterly net profit riding on revenue from government projects and higher rental income.

April 29, 2012 9:00
 
Egypt's SODIC Swings to 2011 Net Loss

Egypt's SODIC Swings to 2011 Net Loss

Shares slump 4 pct; Company reports progress on land bank issues; Says cash position is healthy

April 18, 2012 9:08
 
Abu Dhabi sees oversupply challenges and now faces consolidation

Abu Dhabi sees oversupply challenges and now faces consolidation

Abu Dhabi now faces challenges as a huge supply of high-end homes are expected to enter the market. Property prices in the emirate are expected to fall another 11 percent from here, a Reuters poll showed.

March 12, 2012 1:40
 
Qatar’s Barwa posts 8.9 percent drop in 2011 net profit

Qatar’s Barwa posts 8.9 percent drop in 2011 net profit

Qatar's Barwa Real Estate Group said on Monday its 2011 full-year net profit fell by 8.9 percent to 1.29 billion riyals ($354.35 million), compared with 1.41 billion riyals the previous year.

March 5, 2012 1:29
 
Abu Dhabi’s Waha Capital Q4 net falls 46 percent

Abu Dhabi’s Waha Capital Q4 net falls 46 percent

Waha Capital, an Abu Dhabi-listed investment firm, said its fourth-quarter net profit fell 46 percent, with the company citing a one-time gain in its year-ago results for the drop.

February 1, 2012 12:54
 
Aldar bonds hit by report govt held stake sale talks

Aldar bonds hit by report govt held stake sale talks

Yields on Abu Dhabi property developer Aldar's 2014 bond rose over 30 basis points on Tuesday, a day after Reuters reported the emirate held talks to offload the government's stake in the struggling firm.

January 31, 2012 3:08
 
Abu Dhabi tried to get Aldar off Mubadala books

Abu Dhabi tried to get Aldar off Mubadala books

Mubadala helped with bailout of struggling developer in 2011; Sources says talks held to shift Aldar to another entity; Aldar received nearly $10 billion in financial aid last year

January 31, 2012 2:56
 
AMBITIOUS: Abu Dhabi’s property plans could make or break

AMBITIOUS: Abu Dhabi’s property plans could make or break

Abu Dhabi’s infrastructural changes and developments are just super, but Eva Fernandes can’t help but wonder if Abu Dhabi’s focus might be a tad off in some regards.

January 24, 2012 4:14
 
Qatar’s Ezdan begins selling $420M in property

Qatar’s Ezdan begins selling $420M in property

Qatar's Ezdan Real Estate Company has begun selling property worth 1.53 billion riyals ($420 million) to Tadawol Holding Group, according to a statement posted on the Qatar Exchange on Monday.

January 17, 2012 2:59
 
Bouygues plans Qatar JV ahead of World Cup 2022

Bouygues plans Qatar JV ahead of World Cup 2022

Bouygues Construction, part of French conglomerate Bouygues, is to set up a joint-venture in Qatar, which is to host the 2022 soccer World Cup.

January 17, 2012 2:44
 
Egypt’s Orascom, Nasr City scrap Tigan cooperation

Egypt’s Orascom, Nasr City scrap Tigan cooperation

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 12:24
 
TECOM: Towering or Tanking?

TECOM: Towering or Tanking?

40 new towers in TECOM; how many may need to be redesigned to better suit the market?

January 8, 2012 3:28
 

Qatar’s Barwa Bank completes $467M rights issue

Qatar's Barwa Bank, a unit of Barwa Real Estate, has completed a 1.7 billion riyals ($466.8 million) rights issue aimed at funding the bank's expansion, it said in a statement on Sunday.

January 8, 2012 10:40
 
A Real Estate Mess: The Palm, Nakheel and the Banned Beach

A Real Estate Mess: The Palm, Nakheel and the Banned Beach

Kipp can’t help wonder why a developer like Nakheel, with the breath and scale of developments across the region hasn’t mastered the rather simple concept of service fees for freehold properties?

December 21, 2011 3:51
 
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