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TMG first-quarter net profit falls 19.8pcEgyptian property developer Talaat Moustafa Group (TMG) said net profit in the first quarter of 2013 fell 19.8 percent to 139.4 million Egyptian pounds ($20 million). TMG's profit for the first quarter of 2012 was 173.7 millio More… |
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Firm to raise $48m for Bahrain hotel projectWork stalled at the Banader Rotana Hotel project in Bahrain is expected to resume shortly as the developer Banader Hotels Company secures the additional $47.7 million funding needed for completion, officials said. "We are in More… |
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Dar Al-Arkan Q1 net profit down 18.8pcSaudi Arabia's top real estate developer Dar Al-Arkan said on Wednesday its first quarter net profit fell 18.8 percent from the same period last year to 238 million riyals ($63.5 million), although it still beat analyst for More… |
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Sodic eyes stable sales, ups investmentsSodic, one of Egypt's largest real estate developers, hopes to maintain last year's sales momentum as demand for upmarket residential units remains strong despite a weak economy, its managing director said. "We are ho More… |
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Deyaar ex-CEO gets 15 years jail in bribe caseFormer chief executive of Dubai developer Deyaar, Zack Shahin, has been sentenced to 15 years in jail after being found guilty of taking Dh20 million ($5.44 million) in bribes, reports said. The More… |
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Qatari developer names new boardUnion Development Company (UDC), a leading Qatari developer and the brain behind the country's man-made Pearl island project, has announced the appointment of its new board of directors at the company's AGM held recently in Doha. More… |
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Deyaar profit grows marginallyDubai developer Deyaar on Tuesday reported a marginal increase in full year net profit, as it booked gains from deliveries of long-pending commercial and residential properties in the emirate. More… |
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Sorouh Q4 net profit jumps 21pcAbu Dhabi's Sorouh Real Estate , which has agreed to merge with Aldar Properties, has reported an 21.2-per cent rise in fourth-quarter net profit, driven by income from government projects and higher leasing revenue. Abu Dhabi More… |
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Emaar signs $500m Turkey real estate loanEmaar Properties, Dubai's largest listed developer and builder of the world's tallest tower, has signed a $500 million loan to help finance a real estate project in Turkey, a statement from the company said on Wednesday. T More… |
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Saudi developer Dar eyes foreign propertiesSaudi Arabia's largest listed real estate developer, Dar Al Arkan, plans to buy assets in Asia as part of its strategy to diversify revenue streams, its chairman Youssef al-Shelash told Reuters on Monday. More… |
