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Net profit at Manazel storms ahead 135% in H1 2018 Revenues at the Abu Dhabi real estate giant were up a quarter on H1 2017.

Net profit at Manazel storms ahead 135% in H1 2018

Net profit at the Abu Dhabi real estate giant in the first six months of 2018 stood at $36.1m (AED132.9m)


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Dubai contractor says Schon asset seizure 'tip of the iceberg'

Dubai contractor says Schon asset seizure 'tip of the iceberg'

DLD's seizure of Schon's assets is a step in the right direction that must be taken against developers damaging Dubai's property market, Beaver Gulf's CEO said
 
Abu Dhabi's Aldar reports 11.4% decline in H1 2018 net profit

Abu Dhabi's Aldar reports 11.4% decline in H1 2018 net profit

H1 2017's higher bottom line included some “one-off government infrastructure handovers” and "other income not present in Q2 2018 results", a spokesperson told CW
 
Podcast: Construction Week Viewpoint – China's growing influence in the Gulf

Podcast: Construction Week Viewpoint – China's growing influence in the Gulf

China influence and investment is growing in the region, but how will this impact construction projects?
 
Riyadh deal drives 2% revenue hike at Dubai's Depa in H1

Riyadh deal drives 2% revenue hike at Dubai's Depa in H1

Contracts wins in Saudi Arabia and the UAE for Depa Group's business units supported the firm's growth in the first half of this year
 

 

Assets rise $32m at UAE's RAK Properties in H1 2018

Assets rise $32m at UAE's RAK Properties in H1 2018

The latest UAE developer to release its H1 2018 results, RAK Properties reported a "healthy net profit" of $8m with total revenue standing at $20.3m
 
DLD airs support for UAE-China strategic alliance

DLD airs support for UAE-China strategic alliance

In June DLD launched the Dubai Real Estate Promotion Trustee Office in China, just one month before the Chinese President's state visit to the UAE in July
 
Abu Dhabi digitises 11 spatial data and tenancy contract services

Abu Dhabi digitises 11 spatial data and tenancy contract services

The Department of Urban Planning and Municipalities has unveiled seven digital services for spatial planning and four others for tenancy contract registrations
 
Saudi's Zahid Group acquires stake in German solar PV firm Greencells

Saudi's Zahid Group acquires stake in German solar PV firm Greencells

The 50% stake acquisition has been made through Zahid Group's subsidiary, OMAS
 
Dubai Land Department seizes Schon Properties' assets

Dubai Land Department seizes Schon Properties' assets

The authority said the step was aimed at protecting stakeholder rights following Schon's "actions of exploiting investors"
 
10% H1 profit hike at UAE's Tabreed

10% H1 profit hike at UAE's Tabreed

Year-on-year revenues at the UAE-based district cooling firm also increased 2% in the first six months of 2018
 
Technology

Technology "major limiting factor" in solar market growth - Aramex

In July, Aramex partnered with IMG Solar in relation to the logistics firm's 3.2 megawatt solar photo-voltaic plant at its new facility in Dubai
 
Parsons appoints VP for business development, critical infra protection

Parsons appoints VP for business development, critical infra protection

Parsons has appointed Dr. Rida Hamza as vice president for business development, critical infrastructure protection
 
Bahrain's wealth fund triples profit in 2017

Bahrain's wealth fund triples profit in 2017

Net profits at Mumtalakat in 2017 stood at $560m (BD210.6m), a whopping 207% increase on 2016’s $183m (BD68.9m) figure
 
Hilton to operate Al Habtoor City's three hotels

Hilton to operate Al Habtoor City's three hotels

Under the franchise agreement, effective Tuesday, the three hotels at the Al Habtoor Group hotel development will be rebranded to align with Hilton's various collections
 
Saudi real estate developer reports 892% profit hike

Saudi real estate developer reports 892% profit hike

High-end property developer Dar Al Arkan's quarterly net profit rose by 892% on the back of increased real estate sales
 



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