Friday 3 July 2015
 
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Emaar

Emaar chief to set up real estate institute

Mohamed Alabbar, the founder and chairman of Emaar Properties, has unveiled plans for the region’s first not-for-profit ‘real estate’ educational institute to provide world-class training for the real estate sector.

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Emaar Egypt unit's listing on July 5

Egypt's Emaar Misr for Development will now list on the Egyptian Exchange on or around July 5, it said in a statement on Tuesday. The listing date is marginally later than what the developer previously expected, saying earlier

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Emaar's Egyptian unit IPO heavily subscribed

The second tranche of Egyptian property company Emaar Misr's initial public offering (IPO) was oversubscribed by about 36 times, the Cairo stock exchange said on Thursday. The listing is expected to be the largest flotation on

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Emaar unit eyes $2.3bn from Egypt IPO

Egypt's Emaar Misr has priced its initial public offering at E£3.8 ($0.4980) per share, parent firm Emaar Properties said on Thursday. Based on this offer price, Emaar Misr’s market capitalisation at listing will b

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Emaar trims Egypt listing price, sees $334m float

Dubai's Emaar Properties announced the price range on Thursday for the initial share sale in its Egyptian unit, giving an offer size of E£2.55 billion ($334 million) at the top of the range. The initial public offer will

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Emaar to float Egypt unit on Cairo bourse

Dubai's Emaar Properties plans to list a 13 per cent stake in its Egyptian unit on Cairo's stock exchange, the largest listed developer in the UAE said on Wednesday. The share sale will comprise a public offering to retail

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Emaar Hospitality to manage four projects in Bahrain

Emaar Hospitality Group, the hospitality and leisure business of global developer Emaar Properties, has announced its expansion to Bahrain with plans to open four new properties. The group has also signed hotel and serviced reside

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Emaar re-elects Alabbar as board chairman

Dubai-based real estate developer Emaar Properties has re-elected Mohamed Alabbar as the board chairman, as the company gears up for its next level of growth with ambitious joint venture projects worth Dh200 billion ($55 billion) in Dubai.

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Emaar Properties eyes $1bn profit for 2015

Dubai's Emaar Properties forecast a 2015 net profit of Dh3.695 billion ($1.01 billion), according to a presentation at the developer's annual shareholder meeting. This is higher than the Dh3.366 billion average forecast fo

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Emaar has enough land bank: Alabbar

Dubai-based Emaar has a land bank of more than 235 million sq m and it is enough for decades to come, the company's chairman has been quoted as saying. Mohamed Alabbar, in an interview with  Arabian Business, said he had

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