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Kuwait property firm Mabanee wins $495m loanKuwait real estate firm Mabanee said one of its subsidiaries had signed an agreement with a local lender to obtain bank financing worth KD150 million ($495 million). Mabanee, which owns and operates the landmark Avenues Mall devel More… |
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Cluttons to mark major milestoneProperty firm Cluttons is planning a major celebration to mark its 35th anniversary of Bahrain operations. This milestone has been affirmed by the promotion of Harry Goodson-Wickes, a rising star within the Middle Eastern team and dynamic More… |
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Nakheel ends restructuring, to issue $1bn sukukDubai's Nakheel will issue the first tranche of a Dh4.8 billion ($1.31 billion) Islamic bond to trade creditors on Thursday, its chairman said, as the property firm completes a complex debt restructuring underway since 2009. Ali Rashid More… |
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Emirates NBD halts loans to property firms' staffThe United Arab Emirates' largest bank has halted retail lending to foreigners employed by top Dubai property firms on fears a slowdown could jeopardise their jobs and income, an internal document obtained by Reuters said. Emirates NBD More… |
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Dubai World buys Wal-Mart property firm GazeleyDubai World said on Tuesday it had bought property developer Gazeley Limited from Wal-Mart, and a source familiar with the matter said the Dubai government investment firm had paid between 300 million and 400 million pounds ($588-$784 million). More… |
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Tamweel sets up $109m property firmDubai-based Islamic mortgage financier Tamweel Properties said on Sunday it has set up a new Dh400 million ($108.9 million) real estate investment firm to tap into the UAE's construction boom. Tamweel Property & Investments already has More… |
