Hill International chief executive departs

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David Richter, the chief executive of Hill International, is to leave the firm with immediate effect. Mr Richter is set to be replaced as interim chief executive by Paul Evans. Mr Evans is one of three directors who joined the firm last September and who were nominated by activist investor Bulldog Investors following a proxy[…]

Dubai News | News Centre

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Thursday, May 04, 2017 Hussain Sajwani, Chairman of DAMAC Properties, today rang the market opening bell to celebrate the listing of a 500 million US dollar Sukuk, issued by DAMAC Real Estate Development Limited (DRED), on Nasdaq Dubai. DRED is a wholly owned subsidiary of DAMAC Properties PJSC. The listing on the region’s international exchange[…]

Damac Properties lists $500m sukuk on Nasdaq Dubai

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The $500m sukuk is the second sukuk listing Damac Properties has made on Nasdaq Dubai [image: WAM]. RELATED ARTICLES: Damac awards $11m infra contract for Akoya project | Damac’s hotel The Distinction to open in June | Damac launches five-tower Golfotel at Akoya Oxygen Damac Real Estate Development Limited (DRED), a wholly[…]

Ellington’s Dubai project on track for 2018 launch

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UAE-based Ellington Properties has announced that the construction at its new Eaton Place project was progressing rapidly, underlining the company’s growing portfolio to potential buyers, investors and real estate companies. A Dubai-born design-led boutique property development company, Ellington Properties is a major developer of bespoke and beautiful high-quality homes. Located at Jumeriah Village Circle (JVC),[…]

Dubai’s realty sales tread higher in first four months

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Dubai: Dubai’s property market — and end-user buyers — should be able to take in further interest rate increases this year. Even with the recent increase (brought on by the US Federal Reserve effecting a 0.25 per cent hike), the transaction numbers for completed homes in the first four months show that the volumes continue[…]

Donald Trump travel ban has hurt business, says top Dubai hotelier

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President Donald Trump’s travel ban and the “drastic changes” his administration has introduced in his first four months as president has hurt business at United Arab Emirates-based luxury hotel and lifestyle group H’Mark Hospitality, says the company’s chief executive. “At the business volume basis, we’ve taken a hit,” H’Mark Hospitality CEO Alexander Bohnekamp told CNBC[…]