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Aldar rises 6.5 per cent, Emaar Properties gains 1.2 per cent at market open
21/03/2018 11:33 AST
The shares of Aldar and Emaar Properties, two of the the UAE's biggest developers, rose during early trade on Wednesday after unveiling a strategic alliance to develop local and international projects worth Dh30 billion a day earlier.
Aldar shares rose 6.5 per cent on Abu Dhabi Securities Exchange and Emaar, the developer behind the world's tallest tower, Burj Khalifa, gained 1.2 per cent on Dubai Financial Market within the first half hour of trading on bets that the joint venture deal will boost their businesses.
The venture will initially start with lifestyle developments on Saadiyat Grove in the cultural district of Abu Dhabi's Saadiyat Island and Emaar Beachfront, Dubai media office said in a statement yesterday.
The National
13/05/2025
Emaar Properties carried forward its momentum from last year into Q1 of this year and delivered a strong performance, continuing to redefine industry benchmarks and drive sustainable growth across it
Trade Arabia
23/04/2025
Emaar, the master developer behind Dubai's most iconic landmarks, said it has invested over $1 billion in shaping and enhancing the city's global identity.
This cumulative contribution und
Trade Arabia
25/03/2025
Billionaire Gautam Adani's group is in advanced talks with leading Dubai developer Emaar Properties to acquire its Indian assets for an enterprise value of $1.4 to $1.5 billion as part of its expansi
Trade Arabia
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28/08/2025
Adnoc announced on Wednesday that it has signed a 15-year sales and purchase agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), India's largest integrated and diversified energy company, fo
Khaleej Times
28/08/2025
In a significant step towards enhancing its digital transformation journey, Kuwait Airways signed a Master Services Agreement (MSA) with Impulse International for Telecommunications, laying the foun
Kuwait Times
28/08/2025
Vodafone Qatar has announced its expansion of Postpaid services through its new 'You Deserve It!' campaign, introducing new connectivity and digital lifestyle offerings to meet the evolving needs of
Gulf Times
28/08/2025
Commercial Bank, a leader in innovative digital banking solutions, has launched Visa Commercial Pay (VCP), a groundbreaking virtual payment platform designed to transform how Small and Medium-Sized E
The Peninsula
28/08/2025
Abu Dhabi-based petrochemicals company Borouge has announced that it has collaborated with Yokogawa, a leading provider of advanced automation technologies and solutions, to conduct a proof-of-concep
Trade Arabia
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