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Last Updated : GMT 05:17:37
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Mohamed Alabbar

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Mohamed Alabbar

Emaar Properties records AED1.384 billion net profit

Emiratesvoice, emirates voice Emaar Properties records AED1.384 billion net profit256587/85
Dubai - WAM
Emaar Properties has recorded a net profit of AED1.384 billion in the first quarter of 2017, an increase of 15 percent over the same period last year at AED1.205 billion. Total revenue for Q1 2017 was AED4.072 billion, an increase of 15 percent over Q1 2016 revenue of AED3.529 billion. Recurring revenues from the malls, hospitality, entertainment and leisure businessesRead more

Dubai's Emaar chairman hopes for better year after tough 2016

Emiratesvoice, emirates voice Dubai's Emaar chairman hopes for better year after tough 2016247754/83
Dubai - Arab Today
Mohamed Alabbar, chairman of Dubai's largest listed real estate developer Emaar Properties , said on Monday he was hoping for a better year after a tough 2016. The Gulf construction sector has slowed since mid-2014 after the slump in global oil prices forced governments to rein in spending.  "We hope 2017 will be a better year. 2016 was tough forRead more

Dubai, Saudi to launch $1bn e-commerce site

Emiratesvoice, emirates voice Dubai, Saudi to launch $1bn e-commerce site215684/202
Dubai - AFP
Dubai business magnate Mohamed Alabbar announced Sunday the launch of a $1 billion regional e-commerce site in a joint venture with the Saudi sovereign wealth fund and other Gulf investors. Noon.com is to go online in January with a 50-percent investment from the kingdom's Public Investment Fund and the rest from around 60 investors led by Alabbar, who heads theRead more

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