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 teams up with Kalyan Group in Africa for expansion

28/06/2018

Emaar Hospitality Group, the hospitality and leisure business of Dubai-based global developer Emaar Properties, has, in partnership with the Kalyan Group, marked its expansion to Sub-Saharan Africa t

The Gulf Today

Emaar launches residential tower in Downtown Dubai

13/05/2018

Emaar Development, the UAE build-to-sell property development business majority-owned by Emaar Properties, has launched Grande, a 78-storey residential tower located in the heart of The Opera Distric

Trade Arabia

Emaar Development net profit surges 62pc in Q1

01/05/2018

Emaar Development, the UAE build-to-sell property development business majority-owned by Emaar Properties, recorded a 62 per cent growth in net profit to Dh819 million ($223 million) during Q1 (Janua

Trade Arabia

Ticker Price Volume
QNBK 159.03 10,763
CHUBB 22.72 29,662
SABIC 128.20 3,326,229
EEC 19.68 2,551,088
HOKAIR 21.52 1,173,648
SARCO 48.30 2,968,346
JAZIRATKFL 22.08 79,304
EMAAR Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
EMAARMALLS 2.11 0.04 (1.93%)
EMAARDEV 5.11 0.07 (1.38%)
DAMAC 2.12 -0.01 (-0.47%)
UPP 0.73 0.02 (2.09%)
ARTC 2.01 0.02 (1.00%)
DU catalyzes its digital transformation journey

15/07/2018

du, from Emirates Integrated Telecommunications Company (EITC), in collaboration with Cisco, on Friday unveiled a white paper outlining its transformational journey towards becoming an ‘ICT service p

Saudi Gazette

KIB closing its $250 mln Murabaha

15/07/2018

KIB held an exclusive ceremony to mark the occasion of the Bank’s successful closing of a $250 million 3-year syndicated Murabaha financing facility. This landmark financing was concluded with a cons

Arab Times

BMW partners with SABB to empower women drivers

12/07/2018

Mohamed Yousuf Naghi Motors (MYNM), the official BMW Group importer in Saudi Arabia, recently partnered with SABB (Saudi British Bank) to host two female-only events with the aim of empowering women

Saudi Gazette

Drake & Scull confirms financial violations by previous management

12/07/2018

Dubai contractor Drake & Scull International said its former management was involved in “material” financial violations that are currently under investigation by the designated UAE authorities.
<

The National

Barwa Bank wins ‘Excellence in Diversified Islamic Services & Products in Qatar’ award

12/07/2018

Barwa Bank has been recognised with the ‘Excellence in Diversified Islamic Services and Products in Qatar’ award at ‘The Arab Banks Awards & Commendations of Excellence 2018’, organised recently by t

Gulf Times