Emaar Malls profit plunges 69% to US$94 million in first half of 2020
Dubai, UAE
Coronavirus pandemic and subsequent lockdown caused a 69.48 percent fall in the net profits of Emaar Malls to Dh345 million (US$94 million), in the...
Arada awards Dh423 million construction contract to build 16 residential buildings in Dh24 billion Aljada township
Sharjah, UAE
Sharjah-based real estate developer Arada said it has awarded a Dh423 million (US$115.25 million) construction contract to Best Building Contracting Company to develop...
Sharjah to develop new tourism projects in Khorfakkan, Kalba, Al Dhaid and Mleiha
Dubai, UAE
Sharjah Investment and Development Authority (Shurooq), the investment promotion and asset development arm of Sharjah Government, said, it will develop four new large-scale...
Azizi Developments say it will inject Dh3.5 billion to construct stalled projects
Dubai, UAE
Azizi Developments, a Dubai-based property developer, said it plans to invest over Dh3.5 billion in the next 2-3 years to deliver some of...
TAQA, Masdar, EDF and JinkoPower consortium wins world’s largest solar power plant contract
Abu Dhabi, UAE
A consortium led by Abu Dhabi National Energy Company (TAQA), Masdar, EDF and JinkoPower has won the bid to build the world’s...