Thursday 26 May 2016
 
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Egyptian developer Medinet Nasr eyes $113m loan

Egyptian property developer Medinet Nasr is considering a E£1 billion ($113 million) loan in order to speed up development at one of its plots, the company said in a statement on Tuesday. The company reported this week that

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Nakheel unveils $936m projects at London show

Leading master developer Nakheel is set to showcase £660 million ($936 million) worth of real estate projects at the upcoming Dubai Property Show in London. Creator of some of the world’s most famous landmarks includin

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Aldar plans $1.42bn capex over next two years

Abu Dhabi's Aldar Properties has earmarked Dh5.2 billion ($1.42 billion) for capital spending over the next two years, its chief financial officer said on Tuesday. Greg Fewer was speaking after the emirate's largest listed

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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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