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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
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
18/03/2025
S&P Global on Monday raised the ratings of Emaar Properties, Dubai's largest listed developer, to 'BBB+', with a stable outlook.
"The upgrade reflects the significant growth Emaar experience
Khaleej Times
28/03/2018
Emaar Hospitality Group, the hospitality and leisure subsidiary of Emaar Properties, has expanded the portfolio of hotel projects under its Vida Hotels and Resorts brand, with the new Vida Za'abeel.<
Trade Arabia
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18/04/2025
Batelco, a part of Bahrain's leading digital solutions provider Beyon Group, has partnered with Nokia, a global leader in network technologies, up to deploy the kingdom's first private 5G network for
Trade Arabia
18/04/2025
As part of its ongoing efforts to create an ideal work environment that reflects its deep commitment to employee wellbeing and work-life balance, Gulf Bank has announced a reduction in daily working
Kuwait Times
18/04/2025
Zain Fintech, the financial services arm of Zain Group, a leading provider of innovative technologies and digital lifestyle communications operating in eight markets across the Middle East and Africa
Kuwait Times
17/04/2025
Bullish on Qatar's macroeconomic prospects, Al Mahhar Holding is exploring options on expanding its manufacturing base for the energy sector over the medium term and aims to diversify into renewables
The Peninsula
17/04/2025
Abu Dhabi-based global entities ADQ, IHC and Modon Holding have entered into a joint venture to form a dedicated infrastructure platform - Gridora - that will actively drive infrastructure developmen
Trade Arabia
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