Thursday 5 May 2016
 
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developer

Creditor sale brings Limitless to brink of debt plan deal

Dubai-based property developer Limitless is set to complete a drawn-out debt restructuring after the final dissenting creditor sold its share of the company's Dh4.45 billion ($1.2 billion) debt, sources with knowledge of the matter said on W

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UAE developer starts construction of Belgrade tower

An Abu Dhabi developer has started building a 160-metre-high riverside tower in Belgrade that will be the centrepiece of an estimated $3-billion residential, office and tourism complex that has drawn criticism from some city residents.

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Nakheel, Dubai Trade in e-payment gateway deal

Dubai Trade, a premier cross-border trade facilitator, has partnered with Nakheel to expand its Rosoom online payment services to the leading developer's 45,000 customers. The partnership allows Nakheel customers to use &lsquo

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Nakheel, Dubai Trade in e-payment gateway deal

Dubai Trade, a premier cross-border trade facilitator, has partnered with Nakheel to expand its Rosoom online payment services to the leading developer's 45,000 customers. The partnership allows Nakheel customers to use &lsquo

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Aldar manages property stock release as market slows

Abu Dhabi's Aldar Properties is monitoring the amount of real estate it puts up for sale as it tries to manage the impact of a slowdown in the sector, a company executive said on Monday. He was speaking after the developer rep

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Aldar posts solid growth in 2015, net profit up 13pc

Aldar Properties, a leading listed property development company in Abu Dhabi, UAE, has registered a net profit of Dh2.6 billion ($707 million) for 2015, up 13 per cent over the previous year. The developer's net profit for the

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UDC net profit surges 8pc to $201m

Qatar-based United Development Company has reported a net profit of QR732.8 million ($201 million) for 2015, up eight per cent over QR676.3 million ($186 million) the year before. Announcing the results, the Qatari developer said

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Avaya presents certified snap-ins developer accreditation

Avaya, a leader in business communications software, systems and services, presented twenty Dubai-based software developers with the world’s first 'Avaya Certified Snap-Ins Developer' accreditation, which enables an individual to

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Dubai developer unveils innovation centre project

Diamond Developers, a leading real estate and property developer in Dubai, UAE, has launched its new Innovation Centre project, a dedicated facility designed to advance progress in the field of sustainability. The first institutio

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Omagine eyes Qatari funding for $2.5bn project

Leading Omani developer Omagine is currently in discussion with a major Qatari bank to secure funding for the first phase of its ambitious mixed-use tourism and real estate project in Muscat estimated to cost $2.5 billion, said a report.

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