Aldar rises 6.5 per cent, Emaar Properties gains 1.2 per cent at market open

21/03/2018 11:33 AST

The shares of Aldar and Emaar Properties, two of the the UAE’s biggest developers, rose during early trade on Wednesday after unveiling a strategic alliance to develop local and international projects worth Dh30 billion a day earlier.

Aldar shares rose 6.5 per cent on Abu Dhabi Securities Exchange and Emaar, the developer behind the world's tallest tower, Burj Khalifa, gained 1.2 per cent on Dubai Financial Market within the first half hour of trading on bets that the joint venture deal will boost their businesses.

The venture will initially start with lifestyle developments on Saadiyat Grove in the cultural district of Abu Dhabi’s Saadiyat Island and Emaar Beachfront, Dubai media office said in a statement yesterday.


The National

Emaar 'among world's 10 most valuable real estate companies'

13/09/2018

Leading global developer Emaar Properties has been ranked as the world's largest property company outside China with a brand value of over $2.7 billion, thus making it the first choice for internatio

Trade Arabia

Emaar denies reports it will offer 10-year visas to investors

12/09/2018

Emaar Properties PJSC has denied reports that it will provide 10-year visas to investors in some of its projects. “The issuance of visas falls under the purview of the concerned authorities and Emaar

Gulf News

Emaar Properties' H1 revenue surges 46pc to $3.12bn

16/08/2018

Leading property developer Emaar has registered a revenue of Dh11.47 billion ($3.12 billion) for the first half of the year, up 46 per cent compared to Dh7.86 billion ($2.14 billion) last year led by

Trade Arabia

Ticker Price Volume
SABIC 118.60 3,051,555
JAZIRATKFL 19.00 85,514
EEC 17.96 1,356,411
WALAA 23.70 381,943
SACO 71.00 167,636
QNBK 175.00 253,804
STC 81.90 322,056
EMAAR Sector Market
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EMAARMALLS 1.82 -0.03 (-1.63%)
EMAARDEV 5.20 0.02 (0.38%)
DAMAC 2.02 -0.01 (-0.50%)
UPP 0.69 -0.01 (-0.73%)
ARTC 1.75 -0.01 (-0.57%)
Alizz Islamic inks pact with Takaful Oman

19/09/2018

Reinforcing its position as one of Oman's most innovative Islamic banking institutions, Alizz Islamic Bank signed a Memorandum of Understanding (MoU) with Takaful Oman, the Sultanate’s first full-fle

Times of Oman

Du inks deal with ADGM

19/09/2018

Dubai-based telecom operator du has announced a new partnership with the Abu Dhabi Global Market (ADGM) to facilitate its digital transformation agenda.

The MoU sets a formal framework for

Gulf News

Barwa Real Estate takes part in Qatar-Russia 2018 Year of Culture

19/09/2018

Barwa Real Estate Group, one of the leading real estate and investment companies in Qatar and the region, participated in the Qatar-Russia 2018 Year of Culture, where a seminar entitled “Qatar: No Li

The Peninsula

Saudi Aramco unit hosts first graduation ceremony

19/09/2018

Saudi Aramco, a world leader in integrated energy and chemicals, said one of its units, Saudi Arabian Drilling Academy (Sada) held its first graduation for a cohort of 132 students representing 34 dr

Trade Arabia

Aldar Properties wins award for Emiratisation

19/09/2018

Aldar Properties, a leading developer in Abu Dhabi, has announced that it had won a prize in the small company category of the Emirates Emiratisation Awards, an initiative of the UAE's Ministry of Hu

Trade Arabia