Friday 28 July 2017
 
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UAE developer Deyaar's H1 revenue up 135pc

UAE-based property developer Deyaar has reported a 135 per cent year-on-year increase in revenues for the six months ending June which soared to Dh316.4 million ($86.1 million) from last year's 134.9 million. Announcing its fi

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Qatar UDC revenue surges 32pc in H1

United Development Company (UDC), a leading Qatar-based developer, said it has achieved a 32 per cent growth in its revenues for the first half of 2017 compared to the same period last year despite economic challenges. The master

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Nakheel opens new monorail station on Palm Jumeirah

Dubai-based master developer Nakheel has opened a new monorail station on Dubai’s Palm Jumeirah as the annual passenger figures surge to more than one million. Located at the heart of The Palm’s Al Ittihad Park, the st

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Nakheel opens new monorail station on Palm Jumeirah

Dubai-based master developer Nakheel has opened a new monorail station on Dubai’s Palm Jumeirah as the annual passenger figures surge to more than one million. Located at the heart of The Palm’s Al Ittihad Park, the st

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Saudi Arabia approves new designs for 100,000 homes

Engineering designs for 100,000 housing units that will cater to Saudi Arabia's middle-income earners have been approved by the Saudi Ministry of Housing, said a report. The projects, designed by Egyptian property developer Al

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Arabtec swings to Q1 profit, revenue up 11pc

Arabtec Holding, a leading contractor for social and economic infrastructure, has reported its first quarterly bottom line profit in the last three years. The group is undergoing a series of restructuring measures including the ap

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Qatari developer UDC posts $187m net profit

United Development Company (UDC), a leading Qatari shareholding company and master developer of The Pearl-Qatar, has reported a net profit of QR681 million ($187 million) for 2016. Announcing the 2016 results, UDC said the net pro

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UAE mall developer names new CEO

Al Farwaniya, the developer of Abu Dhabi’s up-and-coming entertainment, dining and leisure destination Reem Mall, has appointed Shane Eldstrom as its new chief executive officer. An upward move from his previous position as

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UAE mall developer names new CEO

Al Farwaniya, the developer of Abu Dhabi’s up-and-coming entertainment, dining and leisure destination Reem Mall, has appointed Shane Eldstrom as its new chief executive officer. An upward move from his previous position as

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Kanoo IT signs strategic deal with Bin Faqeeh

Kanoo Information Technology (Kanoo IT), a top IT and technology solutions provider in Bahrain, has partnered with Bin Faqeeh Real Estate Investment Company to implement a tailor-made business operations and controls IT solution.

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