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DP World delist sets of cheers and worries

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DP World was the shining jewel among Nasdaq Dubai listings. Its loss will be felt keenly. Image Credit: Supplied Dubai: The privatization move by DP World has been greeted well by investors, given that the Nasdaq Dubai-listed stock had faced alarming declines in recent years. DP World, the port operator with a market value of[…]

Buyers rush for Majid Al Futtaim’s first ‘Elan’ townhouses at Tilal Al Ghaf

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Share Tweet Google Plus Share Email Majid Al Futtaim’s latest release of townhouses has sold out just three weeks after launch following exceptional demand among buyers eager to secure a premium three- or four-bedroom property within the developer’s Tilal Al Ghaf community. Launched late last month, the residences, called Elan, were the first to be[…]

Four Seasons UAE properties retain Forbes five-star ratings

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Four Seasons Hotels and Resorts has been awarded five-star ratings for all three of its UAE Collection properties in the Forbes Travel Guide for the second year running. The awards reflect the impeccable service, delectable dining and luxurious facilities enjoyed by guests, and represent the highest honour available in the prestigious guide to the world’s[…]

Dubai-listed Arabtec swings to annual loss, blames real estate slowdown

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An Arabtec construction site in Dubai. Revenues for the fourth quarter were Dh2.7 billion. Image Credit: Virendra Saklani/Gulf News DUBAI: Dubai-listed Arabtec Holding swung to a 774.5 million dirham ($210.9 million) net loss in 2019 from a profit of 256.3 million dirham in 2018, the construction company reported on Sunday. Arabtec, which was involved in[…]