Last week, it was a kerfuffle over the exact make-up of a deal with
Kingdom Holding
that led
Emaar
's stock way up and then back down the next day. Yesterday,
the shares plummeted 10 per cent
, this time on news of the proposed merger with the property developers of
Dubai Holding
. Hopefully, there will be some clarity on exactly what's going on once the dust settles.
Emaar said yesterday that it was talking to the
Emirates Securities and Commodities Authority
to
.
The Saudi Arabian home finance market is set to
grow at high speeds, thanks to the passing of a mortgage law recently
, Sarmad Khan and Sara Hamdan report in The National. The
Kuwait Financial Centre
says the new law, which is set to be enacted at the end of the year, could increase demand for housing by as much as 50 per cent.
New trend in the construction industry: More contractors
are being hired with "design-build" contracts
where the contractor and architect are dealt with as a consortium, Joseph George reports in Emirates Business 24/7. I had to look up the term on Wikipedia; you'll find the definition
. It makes things more efficient.
