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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 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 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
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
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
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
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
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.
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