Monthly Archives: February 2014

Up, Up and Away

Emaar released their 2013 results this week with a 21.3% jump in profits to US$ 698 million on a 25.2% rise in revenue to US$ 2.81 billion, of which its retail and hospitality sector accounted for 46%. The developer sold … Continue reading

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Do You Wanna Know A Secret?

You cannot keep Arabtec out of the news! The Dubai-based builder, with strong Abu Dhabi-backing, is planning to establish five new subsidiaries, four of which will concentrate on new infrastructure and utility projects within the region and further afield whilst … Continue reading

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Here We Go Again!

The big news story of the week came from Arabtec as it announced that the Abu Dhabi state fund Aabar (a 22% shareholder in the Dubai-based builder) had awarded the company a massive US$ 6.1 billion contract for 28 buildings … Continue reading

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Don’t Cry For Me Argentina

Reporting season is in full flow with four major Dubai banks announcing their 2013 results. The emirate’s largest lender, Emirates NBD, witnessed a 27% jump in profits to US$ 888 million along with  loans up 9% to US$ 64.9 billion … Continue reading

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