NEWSLETTERS
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Aabar offers to acquire 70% of construction firm Arabtec - Sunday 2010
Abu Dhabi: Aabar Investments has offered to acquire 70 per cent of construction major Arabtec through a Dh6.4 billion mandatory convertible bond at a conversion price of Dh2.3 per share, Aabar's CEO said on Saturday. "Arabtec is the largest construction company in the Middle East and we think ...
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Dubai home prices up for the first time since plunge - Wednesday 2009
Dubai: A widely watched index of Dubai property prices shows home values edged higher for the first time since the market plunged. But prices are still down nearly half from their peak a year ago. The tally Tuesday by real estate consultancy Colliers International shows property prices in the third ...
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UAE stock markets rise amid robust trading - Wednesday 2009
Dubai: The Dubai Financial Market (DFM) index rose strongly on Monday as the bulls returned in force and robust trading took place, mainly in real estate major Emaar's stock which rose 4.5 per cent. The DFM index rose 3.31 per cent to close at 2,338.11 as investor confidence got a boost from ...
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Gulf recovery outlook favourable - Wednesday 2009
Dubai: The Gulf economies are poised to recover faster than many of their global counterparts from the financial crisis. However, they should be vigilant against potential asset bubbles in the future, said Masoud Ahmad, Director of the Middle East and Central Asia Department of the International ...
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Dubai's GDP rises 0.3% in first quarter despite global downturn - Wednesday 2009
Dubai: Dubai's GDP rose in the first quarter of the year despite the global financial downturn, according to newly released figures by the Dubai Statistical Centre. GDP in constant prices rose 0.3 per cent in the first quarter of 2009 compared with the first quarter of 2008. In the first quarter ...
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Dubai planning to unveil $6.5b bond - Monday 2009
Dubai: The government of Dubai is set to launch a fresh borrowing programme worth $6.5 billion (Dh23.8 billion), news agencies reported, quoting the offer document and bankers who attended the roadshows in Abu Dhabi and Dubai. The latest programme, to be finalised in the next few days at the end ...
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http://gulfnews.com/business/property/emaar-properties-reports-dh665-net-profits-in-q3-1.518167 - Sunday 2009
Emaar Properties reports Dh665 net profits in Q3 Developer back in the black as analysts grow upbeat about market recovery. Dubai: Emaar Properties on Thursday said it has returned to profitability, reporting a Dh655 million net profit for the third quarter ending September 30 from the ...
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Burooj Properties eyes middle income market - Tuesday 2009
Dubai: Burooj Properties, a wholly-owned subsidiary of Abu Dhabi Islamic Bank (ADIB), will expand its Dh19-billion residential project portfolio by embarking on a major expansion drive despite the current economic situation, a top official said. The company is planning to develop a number of master-planned ...
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Merger to create Islamic realty bank - Monday 2009
Dubai: Amlak Finance and Tamweel, the UAE mortgage lenders being reorganised by the Federal Government, may be merged into a new Islamic bank, Sultan Bin Saeed Al Mansouri, Minister of Economy, told Dubai Television on Friday. "The final proposal is to have an Islamic bank that operates like ...
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