Dividend marks the first installment of the expected full-year 2024 dividend of $700 million
energy1 hour ago
Emaar Properties made $1.8 billion in profit and close to $5 billion in sales in 2017, the chairman of Dubai's largest listed developer said ahead of its full year results.
The developer of the more than 160-storey Burj Khalifa, the world's tallest tower, made $1.43 billion in 2016 and reported $3.92 billion in Dubai property sales.
"We've been growing about 20 to 25 percent on an annual basis," Chairman Mohamed Alabbar said late on Wednesday at a conference in Abu Dhabi. Emaar, in which the Dubai government owns a minority stake, reported double digit quarterly sales growth in each of the first three quarters of 2017.
Alabbar said that a lot of infrastructure was still required in markets Emaar is operating in, including Saudi Arabia, the UAE, Turkey, and Egypt, and that he looking at the market positively. However, he also said that he was worried about 2019. "We had a good time for too long," Alabbar said, without elaborating.
Dividend marks the first installment of the expected full-year 2024 dividend of $700 million
energy1 hour ago
The toll of the day include 21 children and 39 women
mena1 hour ago
The 75-storey tower will stand over 300 metres tall and offer just 81 residences
realty1 hour ago
The 55-year-old marathon runner and climber has profited from the plummeting popularity of the ruling coalition of conservatives and Greens
europe1 hour ago
Kishida says he has made every effort to strengthen the Japan-US alliance
asia1 hour ago
The last date of dividend entitlement is September 26, 2024
business1 hour ago
The nebula, called so because it resembles the flower, is located in the Cygnus constellation
uae1 hour ago
First round of negotiations began in October 2023
economy1 hour ago