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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.
Emaar Properties PJSC on Sunday evening approved the distribution of a Dh1 billion ($272.25 million) dividend to shareholders.
Sunday’s announcement brings the total cash dividend for the year t
In a significant deal that will boost the hospitality landscape of Sharjah, Emaar Hospitality Group, a subsidiary of UAE developer Emaar Properties, has signed a partnership deal with Arada, a joint
Reel Cinemas, the dynamic cinema brand under Emaar Entertainment, the leisure and entertainment arm of UAE developer Emaar Properties, said it has teamed up with international superstar chef Guy Fier
Amanat Holdings PJSC (“Amanat”), the GCC’s largest healthcare and education investment company, today announced that it has concluded its annual general meeting (“General Meeting”) on April 22, 2018.
Union Properties, the Dubai-based developer that swung to a Dh2.38 billion loss last year, said on Sunday its shareholders dismissed the chairman, and two other board members at the annual general as
United Development Company (UDC), one of Qatar’s leading shareholding companies and master developer of The Pearl-Qatar, and QNB have signed a letter of intent (LoI) to work on providing future finan
Doha Bank has recorded a solid net profit of QR381m for the first quarter of 2018 (Q1, 18), up 4.7 percent, compared to QR364m for the same period in 2017. The Bank increased net interest income by 7
An agreement signed by Vodafone Qatar and Qatari Diar Real Estate Investment Company today sets Lusail City on course to become one of the most technologically advanced and connected cities in the wo