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Emaar 9-month net profit before tax jumps 24% to $3.4bnEmaar recorded total revenues of AED23.8 billion ($6.5 billion) and a net profit before tax of AED12.4 billion ($3.4 billion) for the first nine months of 2024, achieving growth of 30% and 24% over the same period last year. Driven by robust demand in Du More… |
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Diyar Al Muharraq sees strong interest at CityscapeDiyar Al Muharraq, Bahrain’s largest real estate developer, saw strong interest on the first day of Cityscape Global, held at the Riyadh International Convention and Exhibition Centre, Saudi Arabia from November 11 to 14. This marks Diyar Al Muharraq&rsq More… |
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Dewa posts highest top line results in history with $1.5bn netDubai Electricity and Water Authority (Dewa) posted nine-month (9M) cumulative revenue of AED23.5 billion ($6.4 billion), EBITDA of AED11.8 billion, and net profit after tax of AED5.5 billion ($1.5 billion). “We are committed to excellence and sustainabl More… |
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Al Seeb Developers launches new $136m Dubai Business Bay projectAl Seeb Developers, a part of the reputed Al Safeer Group, has announced the launch of Royal Regency Suites, an elite residential development, valued at AED500 million ($136.13 million) in Dubai’s vibrant Business Bay area. Positioned as a prime investme More… |
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Saif Zone, EMX sign deal for 6,500 sq ft logistics warehouseThe Sharjah Airport International Free Zone (Saif Zone) has signed a lease agreement with EMX, the logistics arm of 7X, for the lease of their new 6,500 square-foot logistics warehouse. The agreement was signed by Saud Salim Al Mazrouei, Director of Saif Zone, More… |
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Ritmonio to showcase valves, components at Big 5 DubaiRitmonio, a leader in safety valves, metal components, and bathroom fittings, will showcase its Factory Division at the upcoming BIG 5 Dubai event. Specialising in the manufacture of safety valves designed to prevent overpressure and a range of industrial comp More… |
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Bayut Academy wins Dubai Land Department backingBayut, the UAE’s leading property platform, has announced that its Bayut Academy training programme has been officially endorsed by the Dubai Land Department (DLD) and permitted by the Knowledge and Human Development Authority (KHDA). This endorsement re More… |
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Luxury Dubai villa rents for $2.3m for two yearsGrowing demand for premium, ready-to-move homes in Dubai has been highlighted by the recent rental of an ultra-luxury villa at AED8.5 million ($2.31 million) over two years in the city’s Umm Al Sheif area. The leasing deal for the 24,000-sq-f More… |
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Hyundai E&C wins $725m KSA transmission dealHyundai Engineering & Construction (E&C) has won a KRW1 trillion ($725 million) order to build an ultra-high-voltage transmission network, the largest overseas transmission line project won by a Korean construction company. Hyundai E&C signed the c More… |
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Infracorp inks deal for brand partnerships at Bahrain HarbourInfracorp, a leading specialised company in investing in the infrastructure and sustainable development sector, has announced its partnership with Gallery B•R and Café 668. This initiative aims to provide unique experiences both within the art and specialty coffee community. More… |
