Aramex founder and vice-chairman Fadi Ghandour sold his entire 9.9 per cent stake in the logistics company to Gulf investors including Emaar Properties chairman Mohamed Alabbar, a report said.
The purchase was made through Alabbar
Dubai entrepreneur Mohammed Alabbar will take a 4 per cent stake in online fashion retailer Yoox Net-A-Porter (YNAP) in a move expected to push the Italian group's growth in the high-potential Middle Eastern market.
The chairman of Emaar Properties has admitted that he was "really scared" of market conditions coming into 2016 but said the performance of Dubai's largest developer in the first quarter looked good after some severe cost cutting.
An Abu Dhabi developer began building a 160-m-high riverside tower in Belgrade, that will be the centrepiece of an estimated $3 billion residential, office and tourism complex that has drawn criticism from some city residents.
Egyptian property developer Emaar Misr said in a bourse filing on Tuesday that Mohammed Alabbar was now non-executive chairman, after previously being chairman and managing director.
The statement also named Mohamed El Dahan as ma
Mohamed Alabbar, the founder and chairman of Emaar Properties, has unveiled plans for the region’s first not-for-profit ‘real estate’ educational institute to provide world-class training for the real estate sector.
Dubai-based real estate developer Emaar Properties has re-elected Mohamed Alabbar as the board chairman, as the company gears up for its next level of growth with ambitious joint venture projects worth Dh200 billion ($55 billion) in Dubai.
Dubai-based Emaar has a land bank of more than 235 million sq m and it is enough for decades to come, the company's chairman has been quoted as saying.
Mohamed Alabbar, in an interview with Arabian Business, said he had
Marketing of Dubai property to overseas investors needs new regulation to prevent damage to "Brand Dubai" from gimmicks being offered to coerce buyers including yachts and luxury cars, the chairman of Emaar Properties was quoted as say
The chairman of Emaar Properties has insisted he remains committed to the Dubai-based developer in the face of concern about the number of roles he has taken on at other real estate companies.
Shareholders are expected to raise qu