Gulf Business brings you all the news from Dubai’s main property event.
The property investment firm is eyeing offices in Oman and Qatar after the region accounts for 18 per cent of London’s purchases.
The investment bank’s shares are down 93 per cent from a 2008 peak.
Experts say that the off-plan market is much better regulated now compared to pre-financial crisis.
Order books for the deal reportedly hit over $6 billion ahead of launch.
The company has no plans to launch an IPO, but may do so in the future.
Master communities such as Palm Jumeirah and Downtown make up 62 per cent of all transactions in Q3.
The company is hoping to finalise an investment before year-end.
Meraas Holding says that its new JBR development will offer an underground car park able to hold 1,200 vehicles.
Zabeel Investments owes about Dhs6 billion to mostly local banks.
Long queues, new projects and big stands signal a good start to Dubai’s main property event.
The Group has set the bar high on the first morning of the property event, unveiling a new community and skyscraper.
Airlines are expected to earn $4.1 billion in 2012, up by 27 per cent from the $3.0 billion forecast in June.
Emirates NBD and Attijariwafa Bank are the front-runners to pick up the French bank’s Egyptian arm.
The professional networking site will open an office in Dubai to help grow its MENA database.
Ahead of Cityscape, property experts claim the city’s real estate market has recovered this year.
The Qatari lender, part-owned by Qatar Holding, revealed profits last year of 243.7 million riyals.
The Abu Dhabi bank is planning a $500 million bond as an existing one to mature in 2017 yields 2.7 per cent.
The date set for banks to reduce their exposure to the government has passed with no word from the Central Bank.
As the region’s largest real estate event approaches, the man behind Cityscape Global says it will be their biggest event post-2008.
Chief Executive Al-Baker says his airline will not join British Airways as part of the airline alliance.
The global corporate is pumping funds into energy, healthcare and innovation in the Kingdom.
In partnership with Deutsche Bank, the new DIFC Forum will open up discussions on doing business in the MENA and Asia regions.
Abu Dhabi’s flag carrier is eyeing further minority stakes in global airlines in continuing bid to compete with local rivals.
Growth in the first eight months of the year at Abu Dhabi’s International Airport jumped 21.5 per cent.
The Dubai-based developer sold its serviced apartments marina asset to Eshraq Properties in the second quarter of the year.
Zabeel Investments allegedly owes $107 million to the Abu Dhabi bank which has filed for legal procedures.
The new tablet-laptop hybrid will be launched in the region next month along with the release of Windows 8.