Sorouh completes world's highest penthouse bridge structure
(AME Info
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30/05/2012)
Abu Dhabi-based developer Sorouh Real Estate Company PJSC, has completed lifting the fourth and final section of the penthouse bridge for its 65-storey residential development Gate Towers on Shams Abu Dhabi, Al Reem Island. This engineering feat marks
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Sorouh completes world’s highest penthouse bridge structure
(Press Release
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30/05/2012)
Abu Dhabi-based developer Sorouh Real Estate Company PJSC, (ADX: SOROUH) has completed lifting the fourth and final section of the penthouse bridge for its 65-storey residential development Gate Towers on Shams Abu Dhabi, Al Reem Island. This engineering
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Barwa unit closes first Shariah fund in Brazil
(Trade Arabia
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29/05/2012)
The First Investor (TFI), the investment banking division of Qatar-based Barwa Bank Group, has announced the closing of the first Shari'ah compliant closed-end income generating fund in Brazil. The TFI-Hines Brazil Income Real Estate Fund is a joint
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Aldar and Sorouh clarity call
(The National
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24/05/2012)
Fund managers want Abu Dhabi's two biggest developers to clarify the status of their proposed US$15 billion (Dh55.09bn) merger. The calls came yesterday after shares of both companies rose more than 10 per cent on unconfirmed reports they had hired
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Fitch afrms Qatar Real Estate Investment Company at 'BBB+'
(Reuters
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23/05/2012)
Fitch Ratings has affirmed Qatar Real Estate Investment Company Q.S.C.'s (Alaqaria) Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB+', and Short-term IDR at 'F2'. The Outlook on the Long-term IDR is Stable. Qatar Alaqaria Sukuk
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Dubai's Drake closes in on $300 million Iraq contract
(Reuters
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22/05/2012)
Dubai contractor Drake & Scull , which has shifted its focus abroad after a slowdown in the United Arab Emirates' property sector, is close to winning a 300 million US dollar contract in Iraq, the firm's chief executive said on Monday. The contract will
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Barwa Real Estate Launches Its Major Project "Barwa City"
(QNA
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21/05/2012)
Barwa Real Estate announced Monday the inauguration of "Barwa City", one of the largest real estate projects in Qatar, at an estimated cost of about QR 7.3 billion. Barwa City offers a total constructed area of 2.7 million square meters in Mesaimeer area
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Emaar launches sale of premium residences with Panorama at The Views
(AME Info
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21/05/2012)
With a sterling track-record in developing premium real estate assets in Dubai, Emaar Properties PJSC is drawing on the increasing demand for high end apartments in the city with the launch of Panorama at The Views, a modern living environment designed
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Drake & Scull closes in on $300m Iraq contract
(Reuters
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21/05/2012)
Dubai contractor Drake & Scull, which has shifted its focus abroad after a slowdown in the UAE's property sector, is close to winning a $300 million contract in Iraq, the firm's chief executive said on Monday. The contract will be an oil and gas project
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Ezdan capitalisation tops Arab realty firms
(Gulf Times
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21/05/2012)
The Ezdan Tower at West Bay. Ezdan is the top Arab real estate company by market capitalisation for 2011, a report has said. Ezdan’s capitalisation reached almost QR59bn in 2011, according to a list of top Arab listed companies prepared by Finance and
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Taameer Invest appoints Shaza Hotels to manage Dhofar Beach Resort
(Oman Daily Observer
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20/05/2012)
During the recently held Arab Travel Market (ATM) in Dubai, Taameer Investment (SAOC), in the presence of elite international and Omani travel and tourism senior executives headed by Maitha al Mahrouqia, Under-Secretary of the Ministry of Tourism, and
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Rising costs hit Drake & Scull's bottom line
(The National
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16/05/2012)
Drake & Scull International (DSI) stock dropped to a four-month low yesterday as first-quarter profits sank 18 per cent on finance and contract costs. Profit for the first three months of the year fell to Dh37.6 million (US$10.2m) from Dh45.9m a year
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Ezdan to take part in Qatar Cityscape 2012
(AME Info
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15/05/2012)
Ezdan Real Estate Company, a leader of real estate development in the region, will take part in the Qatar Cityscape 2012, held for the first time at the Qatar Exhibition Center in Doha on May 23. During the three-day event, Ezdan will display models of
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Arabtec announces Aabar stake of 20%
(The National
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15/05/2012)
Arabtec Holding revealed yesterday that Aabar Investments had become its largest single shareholder with a stake of more than 20 per cent. The statement from Arabtec came a day after reports - that it said were incorrect - alleging that Aabar, owned by
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Barwa readies its ‘surprise project’ for Cityscape Qatar
(Gulf Times
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15/05/2012)
Barwa Real Estate Company will announce one of its major property developments at the Cityscape Qatar 2012 beginning at the Doha Exhibitions Center on May 23. The company’s deputy CEO Ahmed Abdullah Ali al-Abdullah yesterday said some of the company’s
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Arabtec remains Dubai Financial Market's biggest mover
(The National
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14/05/2012)
As the bulls began a formidable stampede on the Dubai Financial Market (DFM) in January, Arabtec Holding was the heaviest of the herd. Taking the beginning of the year as a starting point, the DFM General Index crossed the threshold of entering a bull
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$4.2m profit for Seef Properties
(Gulf Daily News
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14/05/2012)
Seef Properties yesterday announced a 20 per cent increase in the first-quarter net profit at BD1.66 million ($4.2m) as compared to BD1.38m for the same period last year. "We have had a very encouraging start to 2012 in registering a remarkable revenue
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Dubai's Arabtec Q1 net surges, beats view
(Agencies
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10/05/2012)
Arabtec Holding, the United Arab Emirates (UAE) largest construction firm by market value, more than tripled its first-quarter net profits, exceeding analysts' forecasts, and said on Wednesday it was considering buying out its steel subsidiary. The
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Arabtec profit triples in?first quarter to Dh84.1m
(Khaleej Times
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10/05/2012)
The UAE’s biggest construction group Arabtec Holding on Wednesday announced more than triple year-on-year jump in its net profit for the first quarter that also beats analysts’ forecasts. The financial statement, posted on Dubai bourse website, shows the
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Arabtec Q1 net surges; beats view
(Reuters
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09/05/2012)
Arabtec Holding, the UAE's largest construction firm by market value, more than tripled its first-quarter net profits, exceeding analysts' forecasts, and said on Wednesday it was considering buying out its steel subsidiary. The company, in which Abu
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Seef properties acquires 50pc of new mall
(Trade Arabia
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08/05/2012)
Bahrain-based Seef Properties signed a partnership agreement with Muharraq Mall Company announcing their acquisition of a 50 per cent stake in the upcoming Muharraq Seef Mall near Arad Fort. The new partnership paves the way for the development of the
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Tijariah achieves profit of KD 223,623 for Q1 2012
(Al Watan
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07/05/2012)
Abdulfattah Marafie, Chairman and Managing Director of the Commercial Real Estate Company (Tijariah) has announced in a press release on Sunday the results of the company during the first quarter (Q1) of 2012 and said that Tijariah has made a net profit
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Drake & Scull wins Binary Tower build deal in Dubai
(The National
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07/05/2012)
Drake & Scull Construction has won a Dh200 million (US$54.5m) contract to build a new tower in Dubai's Business Bay. The firm has been selected as the main contractor for the 25-storey tower, being developed by Omniyat, its parent company Drake & Scull
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Arabtec set to bag $3bn deal
(Gulf Daily News
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07/05/2012)
The Abu Dhabi government has identified an Arabtec Holding consortium that includes Greek and Turkish firms as the preferred bidders for an estimated $3 billion contract to expand the emirate's international airport. Abu Dhabi Airports Company (ADAC),
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Drake & Scull Wins 200 Million-Dirham Contract in Dubai
(Bloomberg
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06/05/2012)
Drake & Scull International PJSC (DSI), a Dubai-based construction company, said it won a contract valued at 200 million dirhams to develop the Binary commercial tower at Dubai’s Business Bay.
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