Articles
Bargains to be had from cash-strapped companies in CIS
Ruslan Alikhanov, the president of Argo Investment Company, told the CIS Global Business Forum in Dubai that there are 'significant opportunities' for those with cash to invest in the region.
Lenders more cautious in funding Dubai office tower projects
Office rents in the Jumeirah Lake Towers community fell faster than anywhere else in the city, while Dubai Design District saw the quickest growth.
UAE-based contractor launches ‘revolutionary’ modular building arm
DuBox chief Chebel Bsaibes said that modular units built in factories allow for safer, quicker and better quality construction.
Sharjah and Ajman property prices fall as Dubai developers offer cheaper homes
Dubai developers target affordable sector and offer more generous payment plans meaning cheaper property in Sharjah and Northern Emirates is less attractive.
Abu Dhabi-based Manazel Real Estate reports 29 per cent profit hike
Company says efforts over past 12 months have focused on the Reef 2 project in Al Samha that is due to complete next year.
Nakheel signs deal for all-inclusive resort on Deira Islands
Deal with family-owned Spanish operator will see US$170 million, 750-room Deira Islands resort open in 2019.
Demand for Dubai industrial property outperforms housing and office sectors
Core Savills says prices in older areas of Dubai like Al Quoz and Ras Al Khor are rising due to a lack of supply.
Dubai contractor Drake & Scull reports Dh936 million loss for 2015
It posted a net profit of Dh14.7 million in the three months to December 31, compared with a profit of Dh3.8m in the year-earlier period.
RAK Ceramics posts 10 per cent net profit increase
Company turns around non-core units like Al Hamra Construction and Electrogroup ahead of potential sale processes.
Dubai Holding Commercial Operations Group profit up 25% to Dh5.83 billion in 2015
Parent company of Tecom, Dubai Properties, Jumeirah Group and du sets target of generating Dh1 billion annual profit by 2020.
Dubai Parks and Resorts’ spend hits Dh5.8 billion
In terms of production of the rides for its three theme parks – Bollywood Parks, Legoland and Motiongate – 89 per cent are complete and 16 rides have been delivered to the site.
Architecture firm Aukett Swanke buys Shankland Cox for Dh16m
The deal not only provides a considerable boost to Aukett Swanke’s scale in this country but also adds an consultancy engineering capability.
The Dh35m Emirates Hills villa is a design afficionado’s dream
Furniture from the 'four corners of the world' come with this Dh35m Emirates Hills villa, which is tailor-made for those that like to entertain.
Saudi contractor Al Khodari to reduce reliance on public sector work
The amount of new work won by the company fell to 1.5 billion Saudi riyals from 2.9bn riyals in 2014 while it cut 8,000 jobs last year.
Habtoor Leighton Group stays quiet on prospects for initial public offering
Habtoor Leighton Group still has more than A$1 billion in liabilities to its joint venture partner.
