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Egypt's Palm Hills real estate firm hits loss after revenues plunge
Egypt's Palm Hills posted a net loss of EGP331.3m ($55m) last year, compared with a profit of... Read full article »
Dubai's Majid al Futtaim eyes $500m Egypt loan for mall project
Majid Al Futtaim Holding LLC has assigned Banque Misr and National Bank of Egypt to arrange a $... Read full article »
Hyundai E&C wins Saudi alumina project worth $1.5 bn
Saudi Arabia's state-run Maaden has awarded South Korea's Hyundai Engineering & Construction Co... Read full article »
UAE developers Aldar and Sorouh mull merger
Abu Dhabi developer Aldar Properties and its local rival Sorouh Real Estate have announced that... Read full article »
Dubai home prices rise 2.3% in Q4, says Knight Frank
Home prices in Dubai rose by 2.3% in the last three months of 2011, putting the emirate among the... Read full article »
Abu Dhabi fund eyes investment in India property
Abu Dhabi Investment Authority (Adia) plans to invest directly in Indian real estate in an effort... Read full article »
Property sales falls 20% in Lebanon in first two months
Lebanon's real estate contractors association has said that demand for properties in the country... Read full article »
Saudi Arabia fund to roll out new scheme
Saudi Arabia's Real Estate Development Fund (REDF) is set to introduce soon a new mechanism for... Read full article »
Sodic agrees to develop Cairo project within three years
Egypt's Sixth of October Development and Investment Co (Sodic), the country's third-biggest... Read full article »
Egypt's TMG profits plunge 39%
Egypt's Talaat Moustafa Group (TMG) has posted a 39% decline in 2011 full-year net profit due to... Read full article »
Dubai's Drake & Scull wins $27m contract for India water project
Dubai-based construction firm, Drake & Scull International (DSI) has announced its utilities unit... Read full article »
Saudi Arabia's MODON inks Riyadh housing deals worth SR124m
Mawten Real Estate Co has been awarded the contract for the third residential investment project... Read full article »
Saudi Arabia's Dar Al-Arkan confident about $1bn sukuk repayments
Andy Raheja, the chief financial officer of Dar Al-Arkan has said the Saudi construction firm can... Read full article »
Qatar's Barwa sees 2011 net profit drop 8.9%
Qatari property developer, Barwa Real Estate Group has posted a 8.9% decline in its 2011 full-... Read full article »
Abu Dhabi's Aabar Investments boosts stake in Dubai builder Arabtec
Abu Dhabi's Aabar Investments, which scrapped a $1.7bn deal to take a majority stake in Arabtec... Read full article »
