Archive for March, 2020

Coronavirus: Dubai parents seek school fee reduction

PIN
Many schools in Dubai have measures in place to mitigate the stress on parents who are struggling financially. Image Credit: Gulf News archives Dubai : Parents of school going students in Dubai are calling upon the Knowledge and Human Development Authority (KHDA) to intervene with educational institutions to drop tuition fees and waive next year’s[…]

Dubai’s Emaar posts $1.68B in profit, but revenue slips

PIN
DUBAI, United Arab Emirates — Dubai’s premier developer Emaar Properties posted on Monday net profits of $1.68 billion for 2019, but revenue slightly dipped for the builder of the world’s tallest tower as it faces an even tougher year ahead due to the global coronavirus pandemic. Emaar said that in view of current circumstances, the[…]

Dubai’s Emaar posts $1.68B in profit, but revenue slips

PIN
Dubai’s Emaar posts $1.68B in profit, but revenue slips DUBAI, United Arab Emirates — Dubai’s premier developer Emaar Properties posted on Monday net profits of $1.68 billion for 2019, but revenue slightly dipped for the builder of the world’s tallest tower as it faces an even tougher year ahead due to the global coronavirus pandemic.[…]

Dubai property crash getting a boost from Covid-19

PIN
DUBAI, UAE – The Dubai property crash Mark II which began in 2014 is gaining momentum due to the coronavirus pandemic. Damac, one of the emirate’s biggest developers has recorded a $10 million loss, while Limitless is planning a restructure proposal to put to its creditors. In October a $315 million 101 floor skyscraper, was[…]

UAE News: Dubai Gets Flashback to Falling Property Prices

PIN
Residential properties in Dubai. Photographer: Christopher Pike/Bloomberg Photographer: Christopher Pike/Bloomberg A decade after the global financial crisis pushed Dubai’s real estate sector — known for its outlandish projects such as man-made palm-shaped islands — to the brink of collapse, the deadly coronavirus pandemic threatens to send it back there again. S&P Global Ratings is warning that[…]

Dubai Coronavirus News Update: Coronavirus: What impact will Covid-19 have on Dubai’s property market?

PIN
While many have likened the current coronavirus pandemic to the global financial crash in 2008, Dubai’s real estate experts are offering up a more optimistic outlook amid all the doom and gloom The financial scars of the 2008 banking crisis had long since disappeared, but the traces of its impact are still clearly visible. Parking[…]

Kuwait leads drop in Mideast stocks after downgrade

PIN
MOST Middle Eastern stock markets fell on Sunday, with Kuwait’s main index leading losses after S&P Global Ratings cut the government’s credit rating last week. The Boursa Kuwait Premier Market Price index lost as much as 4.7%, with Kuwait Finance House, National Bank of Kuwait and Ahli United Bank dropping more than 3.9%. Kuwait was[…]