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In Dubai, the main share index dropped 1.3 per cent, extending losses for a fourth straight session

The UAE has dominated the Gulf Business’s Top 100 Arab Power List for 2022 with five inclusions in the top 10 positions. Dr Sultan Bin Ahmed Al Jaber,

DUBAI: Developer Emaar Properties is planning a benchmark bond sale amid improving real estate sentiment in the emirate. The Dubai-listed company said it was arranging investor calls for the planned sale which forms part of its $2 billion trust certificate issuance program. It has hired Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq Bank and Standard Chartered  Bank as lead managers and joint book runners, it said in a stock exchange filing on Monday. Emaar Properties has received an improved outlook from S&P Global Ratings this week, helped by a recovering Dubai pro...

(MENAFN - Khaleej Times) Developer Emaar Properties reported on Sunday a nearly 58 per cent drop in net profit to Dh2.6 billion in 2020 as against a profit of Dh6.2 billion in 2019, and said it saw 'a world of opportunities in 2021. The developer of Burj Khalifa, the world's tallest structure, said in a statement that its revenues plunged 20 per cent in 2020 to Dh19.71 billion from Dh24.59 billion a year earlier. Emaar's overall property sales during 2020 stood at Dh10.9 billion, of which Dh6.3 billion was recorded in the UAE. 'The performance shows sustained interest from investors, both ...