Playing in his homeland, Slovenia, captain Klemen Prepelic led from the front with 23 points
sports1 hour ago
The bond which was oversubscribed at $5billion, was issued through a guaranteed special purpose vehicle to be listed on the London Stock Exchange.
The bank said that despite the property downturn gripping both Dubai and Abu Dhabi, it is comfortable with the long-term fundamentals of Aldar Properties.Gulf-based real-estate firms such as Aldar have been hit by the impact of the global financial crisis both at home and overseas. In the UAE, property market is in a slump, impacting Aldar’s sales and property prices. Aldar’s first-quarter net profit fell 35 per cent Dh888.6 million from a year earlier. “Aldar has been unfairly punished by developments in Dubai — alignments, restructurings in the real estate sector and agency downgrades of government-related entities.”
Abu Dhabi’s top property company has ample liquidity and land bank value which should help steer Aldar through the “difficult times ahead,” said Bank of American, Merill Lynch in a recent note to clients.
It said that Aldar’s liquidity position is strong, with Dh15.1 billion in cash and bank balances, and another Dh3.2 billion in undrawn credit facilities in the the first quarter.
Playing in his homeland, Slovenia, captain Klemen Prepelic led from the front with 23 points
sports1 hour ago
The course focused on cutting-edge techniques in breast augmentation and lifting, utilising innovative B-Lite implants by Polytech
kt network1 hour ago
Israel says the killing of Hezbollah leader Nasrallah not the 'final' step
mena1 hour ago
All international professional teams must include an Emirati player
uae1 hour ago
This year, more than than 1.2 million Indians have travelled to the US, marking a 35 per cent increase over the same period in 2023
asia1 hour ago
The World Anti-Doping Agency is seeking a ban of up to two years after he twice tested positive for traces of the steroid clostebol
tennis1 hour ago
Global warming, combined with the silting of the Paraiba River, has contributed to the erosion of Atafona's coast and caused the destruction of 500 houses
world1 hour ago
Emirates and flydubai are among the international carriers that have adjusted services to and from the conflict zones
mena1 hour ago