Ezdan Reports net profit of QR198.041 million for H1 2012
(Gulfbase.com
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31/07/2012)
Ezdan declared results for the 1st Half of 2012, reported a net profit of QR198.041 million, an increase of 91 percent compared with QR103.668 million of the same period last year. Net profit including QR106.7 million was recorded as Gain on Sale of
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RSH Announces a Capital Investment Programm
(Tadawul
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31/07/2012)
During its meeting on Monday 11/09/1433 corresponding to 30/07/2012, the Board of Directors of Red Sea Housing Services Company has approved the growth strategy to develop the Companys activities for the period 2012 - 2020 and increase its global market
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Barwa Bank shows 52 per cent growth in H1 net profit
(CPI Financial
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30/07/2012)
Barwa Bank reported net income increased to QAR 344 million, up by 278 per cent compared with the first half of 2011 (QAR 90.9 million) Net profits increased by 52 per cent to reach QAR 162million (QAR 106.9 million in H1 2011). Total assets increased by
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Union Properties declares net Profit of AED106 million
(Gulfbase.com
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30/07/2012)
UAE’s leading property development, investment and management company, Union Properties declared a net Profit of AED106 million at 30th June 2012 against the net loss of AED 439 million at H1 2011. Revenue for the six months period ended 30th June 2012
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Emaar Q2 profit soars 146%
(Khaleej Times
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30/07/2012)
Emaar Properties on Sunday announced 146 per cent increase in net profit for the second quarter on robust contribution of its subsidiaries. The builder of the world’s tallest tower reported a net profit of Dh614 million for June quarter, compared to
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Emaar Properties records H1 2012 net operating profit of Dhs1.22bn
(Gulfbase.com
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29/07/2012)
Emaar Properties PJSC, the global developer of iconic projects, described a net operating profit of Dhs1.22bn ($332m) for the first half of 2012 compared to the half year 2011 net operating profit of Dhs843m ($230m), an increase of 45%. The company's net
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Barwa Bank net profit rises by 52%
(Gulf Times
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29/07/2012)
Barwa Bank’s net profits went up by 52% in the first half of the year compared to the figures in December 2011, according to a company communiqué. The bank’s profit reached QR162mn on June 30 compared to QR109mn in the first half of 2011. The latest
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Emaar Properties and DPG complete land transaction in DUBAILAND
(Gulfbase.com
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26/07/2012)
Emar properties, the global property developer and Dubai properties group, a member of Dubai Holding mutually finalized a deal of land transaction in DUBAILAND. The plot is located on Al Qudra road adjoining the Arabian Ranches development; Emaar’s fully
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KEC’s Q2 net loss amounts to SR 0.776 m
(Arab News
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22/07/2012)
Knowledge Economic City Company (KEC) has announced its consolidated interim financial results for the period ended June 30, 2012. According to the Tadawul website, its net loss for Q2 amounted to SR 0.776 million, compared to SR 9.2 million for the
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Nasdaq Dubai welcomes $500m Emaar Sukuk to its market
(AME Info
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19/07/2012)
Nasdaq Dubai, the region's international exchange, welcomed the listing of a $500m Sukuk on its market by Emaar Properties PJSC, the Dubai-based global property developer. The listing is the first by Emaar on NASDAQ Dubai and constitutes the second
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Dar Al Arkan eyes building 50,000 units in four years
(Saudi Gazette
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18/07/2012)
Saudi giant real estate developer Dar Al Arkan announced Monday that it has been negotiating for some time with the Ministry of Housing to build around 50,000 housing units in four years, under the 10-year massive project of King Abdullah, Custodian of
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URC completes repayment of $100 million Sukuk
(CPI Financial
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16/07/2012)
Kuwait’s United Real Estate Company (URC) has announced that on 9 July it received confirmation from Citi, its delegate agent, that URC has made the final repayment to complete its $100 million Sukuk obligations in full and that Citi no longer has any
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Two Union Properties DIFC developments registered
(AME Info
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16/07/2012)
Union Properties PJSC, UAE's first listed property management and development company in the UAE, is pleased to announce the registration of the Bodies Corporate for INDEX Tower and Limestone House in Dubai International Financial Centre. These iconic
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Dar Al-Arkan to repay all sukuk by end-2015; eyes 10% profit growth
(Reuters
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16/07/2012)
Saudi Arabia’s largest listed real estate developer Dar Al-Arkan aims for over 10% growth in profits next year and is comfortable financially after repaying most of its $2.25bn of Islamic debt, its top executive told Reuters. Dar Al-Arkan has issued
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Dar Al-Arkan to repay SR 3.75 billion Sukuk II
(Arab News
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15/07/2012)
Dar Al-Arkan Real Estate Development Company (DAAR) has announced repayment of its Sukuk II, which is due on Monday (July 16), and amounts to SR 3.75 billion. DAAR transferred the total principal sum to Deutsche Bank (the principal paying agents) on
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Dar al-Arkan transfers $1bn sukuk funds
(Reuters
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14/07/2012)
Saudi builder Dar al-Arkan Real Estate Company has transferred $1 billion to Deutsche Bank to repay its Islamic bond (sukuk), the firm said in a bourse statement on Saturday. 'Dar al-Arkan transferred the total principal sum to Deutsche Bank, the
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RAK Properties launches summer promotions for new customers
(AME Info
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14/07/2012)
RAK Properties (PJSC), Ras Al Khaimah's biggest property developer listed on Abu Dhabi Stock Exchange, has launched a promotional programme for new purchasers of residential and commercial units in Mina Al Arab and Julfar Towers. The offer is designed to
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Emaar sees strong demand for sukuk
(Reuters
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13/07/2012)
Emaar Properties saw strong demand for a $ 500 million seven-year sukuk, priced yesterday, arranging banks said, in the latest sign that investor confidence in Dubai is returning as state-owned firms repay their debts. Orders worth $ 4.65 billion were
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Emaar Raises $500 Million From Sale of Islamic Bonds
(Bloomberg
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12/07/2012)
Emaar Properties PJSC, the developer of the world’s tallest tower in Dubai, paid a lower profit rate than last year when it raised $500 million from the sale of Islamic bonds. The Dubai-based developer offered a profit rate of 6.4 percent on the
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Emaar plans $500mn sukuk
(Reuters
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12/07/2012)
Emaar Properties, builder of the world’s tallest tower, plans to issue a $500mn seven-year sukuk this week, arranging banks said, joining a growing list of Gulf Arab entities tapping demand for Islamic debt. The potential sale would mark the Dubai
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Emaar meets investors today
(Khaleej Times
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11/07/2012)
Emaar Properties is meeting with investors in London today for a possible new sukuk, or Islamic bond, issue under the company’s $2 billion programme, according to the builder of the world’s tallest tower, Burj Khalifa. The Dubai-based property developer
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Emaar picks banks for potential sukuk
(Reuters
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10/07/2012)
Emaar Properties, builder of the world's tallest tower Burj Khalifa, has picked banks to arrange investor meetings in London ahead of a possible new Islamic bond, or sukuk, issue. The company, the Gulf's largest listed developer by market value, has
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Dar al-Arkan to repay $1bn bond
(Reuters
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09/07/2012)
Saudi builder Dar al-Arkan Real Estate Company on Monday said it will repay a $1 billion Islamic bond (sukuk), at maturity on July 16. 'Dar has taken all the steps for redemption through the principal paying agent,' the company said in a statement to
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Drake & Scull, Oracle ink technology deal
(Trade Arabia
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08/07/2012)
Drake & Scull International (DSI), a regional leader in engineering and civil contracting, has signed an agreement with Oracle to implement its Oracle JD Edwards Enterprise application modules in DSI’s Middle East operations. DSI will look to pioneer
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Emaar to manage Qamardeen and Al Manzil hotels
(Khaleej Times
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08/07/2012)
Emaar Hospitality Group, the hospitality and leisure subsidiary of global property developer Emaar Properties, has acquired the management of Al Manzil and Qamardeen hotels, two key hospitality assets of Emaar, located in Downtown Dubai. The two hotels
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