The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
asia9 hours ago
Deyaar Development, one of Dubai’s leading property developers and real estate service providers, on Thursday announced that it achieved a remarkable increase of 196 per cent in net profit to reach Dh66.9 million for the six months ended on June 30, 2022 compared to Dh22.6 million for the same period in 2021.
The company also recorded a 24 per cent increase in revenue to reach Dh369.4 million for the six months ended on June 30 in comparison to Dh297.4 million for the same period in 2021.
Saeed Al Qatami, CEO of Deyaar, said revenues from development activities have increased as "we started recognising revenues from the sales of our Regalia project", as the construction of the project is progressing according to schedule.
He said the hospitality portfolio performance continues to grow in line with the strong recovery of the tourism sector in the UAE.
“Last month, the company successfully executed its capital reduction to write off the accumulated losses, which will increase the company’s attractiveness to investors and will reflect positively on Deyaar’s share price in the Dubai Financial Market,” Al Qatami added.
— muzaffarrizvi@khaleejtimes.com
The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
asia9 hours ago
Dubai Police have asked drivers to be extra cautious
transport9 hours ago
The former all-rounder has returned to cricket during the past year after a horrific car crash at the end of 2022
cricket10 hours ago
Dubai Police have asked drivers to be extra cautious
emergencies11 hours ago
The country has set a new Guinness World Record by creating the largest falcon hood, beating the previous record of 1.65 metres
uae11 hours ago
Hamas' health ministry said that 94,616 people have been wounded since the conflict began on October 7
mena11 hours ago
In most Islamic countries, including the Gulf countries, the Prophet's birthday is observed on 12 Rabi’ Al-Awwal 1444
uae holidays12 hours ago
Traffic will be diverted to the opposite side during this period
transport13 hours ago