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Nakheel to pay $980m May bonds

A spokesperson for Dubai's Department of Finance has said that Nakheel may pay about Dhs3.6bn ($... Read full article »
United Arab Emirates: Monday, May 03 - 2010 at 12:02

UP stakeholders okay loan extension terms

UAE-based developer, Union Properties (UP) has said that its shareholders approved extending the... Read full article »
United Arab Emirates: Monday, May 03 - 2010 at 11:08

Gulf Holding eases concerns on Villamar sukuk

Kuwait-based Gulf Holding Co has said it can both pay its next coupon and complete construction... Read full article »
Kuwait: Sunday, May 02 - 2010 at 11:53

Rera asks developers to explain project delays

Marwan bin Ghalita, CEO of Dubai's Real Estate Regulatory Agency (Rera) has said the regulator... Read full article »
United Arab Emirates: Sunday, May 02 - 2010 at 11:43

Credit Suisse: Saudi property growth slower than expected

Credit Suisse Group has said that Saudi Arabia's real estate market will probably grow more... Read full article »
Saudi Arabia: Saturday, May 01 - 2010 at 13:29

Aldar posts Dh314.2m loss in Q1

Aldar Properties has reported a net loss of Dhs314.2m in the first three months of this year... Read full article »
United Arab Emirates: Saturday, May 01 - 2010 at 10:58

Sorouh posts 78% rise in Q1 net profit

Abu Dhabi-based developer Sorouh Real Estate has announced that net profit for the first quarter... Read full article »
United Arab Emirates: Thursday, April 29 - 2010 at 11:43

Orascom Development cancels capital increase

Orascom Development Holding has said it has cancelled a planned capital increase after detecting... Read full article »
Egypt: Wednesday, April 28 - 2010 at 11:42

Korean builder wins Aramco contract

Saudi Aramco has awarded South Korean builder SK E&C a $320m construction contract, Arab News has... Read full article »
Saudi Arabia: Wednesday, April 28 - 2010 at 11:41

Dohaland awards QR1.56bn contract

A consortium led by South Korea's Hyundai Engineering and Construction Co has been awarded a QR1.... Read full article »
Qatar: Tuesday, April 27 - 2010 at 11:34

Nakheel creditors begin signing settlements

Dubai-based Nakheel has said that its trade creditors have begun signing the settlement... Read full article »
United Arab Emirates: Tuesday, April 27 - 2010 at 11:31

Kuwait property sales rise 130%

A report by the National Bank of Kuwait has said real estate sales in the country rose 130% in... Read full article »
Kuwait: Monday, April 26 - 2010 at 11:33

Dubai to seize properties from defaulters

Defaulting off-plan property owners in Dubai may soon have their properties seized by the Dubai... Read full article »
United Arab Emirates: Monday, April 26 - 2010 at 11:27

Al Futtaim Carillion wins $32m Ikea deal

Abu Dhabi-based developer Aldar Properties has awarded Al-Futtaim Carillion an estimated Dhs120m... Read full article »
United Arab Emirates: Sunday, April 25 - 2010 at 12:00

Saudi Arabia approves SR20bn Q1 projects

The government of Saudi Arabia has approved 659 projects valued at SR20.89bn during the first... Read full article »
Saudi Arabia: Sunday, April 25 - 2010 at 11:57