Israel struck military sites in Iran early on Saturday, saying it was in retaliation for Tehran's attacks earlier this month
mena8 hours ago
Khaleej Times had on November 11, 2003 reported that Damac Investment, the financial arm of Damac Real Estate and Catering was making efforts to cut out the losses it sustained as a result of IT or the so-called dotcom or electronic portals since the beginning of 2001.
The report said that Damac losses were not minor and that as a result, the company adopted a new course to create other investment brackets in different sectors, including real estate to make good the damages.
Given below is a second report that KT carried on February 9, 2004 that was also brought into the purview of the case. (We could not carry this on Thursday because of lack of space) Investors demand return of funds from Damac.
“Dozens of investors of Damac Investment Company have demanded that their contributions paid to the company's portfolio in the US Stock Exchange be refunded to them. This plea came in the wake of the fall of the stock market, which consequently caused grave financial difficulties to a large number of companies in the Middle East region, mainly the Kingdom of Saudi Arabia and Egypt. Investors explained that their funds, or the remainder of their funds, were invested by Damac in the UAE real estate market, particularly in Dubai, in an attempt to earn swift profits to compensate the losses suffered. However, this attempt would not achieve the desired goal for the reason that the local market is flooded with investments, they say.
Israel struck military sites in Iran early on Saturday, saying it was in retaliation for Tehran's attacks earlier this month
mena8 hours ago
'All acts of escalation are condemnable and must stop', said the spokesman for the Secretary-General
world8 hours ago
The initiative, which aims to ease the suffering of the Lebanese women, was held under the patronage of the Mother of the Nation
uae10 hours ago
Images on social media shared by the committee and others purported to show dozens of bodies wrapped for burial and mass graves being dug
mena11 hours ago
Artists will pay homage to and transform different landmarks in the emirate through auditory sculptures, 80m canvas across Corniche
uae11 hours ago
The group also said it fired rockets at five residential areas in northern Israel
mena11 hours ago
Medics said at least 44 of the facility's 70-member team of the hospital had been detained by the army
mena12 hours ago
Indian agencies have uncovered a network that sold fake tickets or charged exorbitant prices for legitimate ones for both concerts
world12 hours ago