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Ithmaar swings to $1.4m Q1 profitBahrain-based Ithmaar Bank said it has returned to the black with a net profit of BD540,000 ($1.4 million) for the first quarter compared to a loss of BD170,000 in the same period last year. The Islamic lender pointed out that its More… |
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Kuwait property sales down 20pc in JanReal estate sales in Kuwait during January totaled KD254 million ($893 million), down 20 per cent year-on-year, a report said. Both the residential and investment segments saw activity slow year-on-year (y/y), while sales in the c More… |
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Kuwait property sales off slightly in SeptResidential sales in Kuwait during the month of September totaled KD100.9 million ($356.8 million), marking a year-on-year decrease of 1.7 per cent, a report said. The small slowdown was due to a lower number of transactions, wher More… |
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Kuwait’s property sales up 18pc in JuneReal estate sales in Kuwait during June totaled KD266 million ($943 million), almost unchanged from June of last year, but up 18 per cent month-on-month, a report said. The residential segment rallied while both the investment and comme More… |
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GE unveils modern eco-lighting systemsGE Lighting, an industry leader in major lighting solutions for commercial, industrial and residential use, showcased its portfolio of modern, energy-efficient lighting systems at a recent roadshow in Riyadh. Encompassing all application v More… |
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UAE group delivers key Dubailand projectDiamond Developers, an UAE-based real estate development company, has announced the delivery of its prime commercial project in the Arjan district of Dubailand, a 3 billion sq ft destination district in the heart of the emirate located on the More… |
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Green buildings ‘improve profitability’Any efforts to decrease energy expenses in buildings can increase net income for the landlord by up to 3 per cent, a report said. Benefits for investors in green buildings include lower operating costs, improved marketability, longer usefu More… |
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Property deals hit $75bn in Q1; down 23pcDirect commercial property transaction volumes in the global arena during the first quarter of 2012 were subdued at $75 billion, marking a drop of 23 per cent compared to the same period last year, said a report. Total volumes in More… |
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TRA announces CPS commercial launch in UAEThe UAE Telecommunications Regulatory Authority (TRA) said it has achieved a major landmark with the commercial launch of its carrier pre-selection (CPS) for fixed-voice calls by licensees, du and Etisalat. 'This is a significant miles More… |
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Mideast Commercial AC sector to hit $4bnThe Middle East region’s annual commercial air conditioning (CAC) market volume is expected to reach approximately $4 billion in 2014, a 35 percent growth from 2010, a report said. In 2010, the region’s annual CAC market volume reached $2. More… |
