Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Emaar Malls Q3 net profit $122m

Occupancy levels in key malls was 91 percent during Q3.
By TRENDS Desk
November 8, 2021 9:09 pm
  • The revenue rose to 1.14 billion dirhams from 839 million dirhams in the same period last year.
  • Occupancy at key assets of Emaar was 91 percent during the quarter.

Emaar Malls said on Monday it made a third-quarter net profit of 448 million dirhams ($122 million), which is 86 percent more than the 241 million dirhams last year.

For the nine months ended September 30, the retailer’s net profit was 1.07 billion dirhams and revenue for the period was 3.19 billion dirhams.

The revenue of the firm, which is the retail arm of Dubai’s biggest developer Emaar Properties, was 1.14 billion dirhams for the quarter, up from 839 million dirhams in the same period last year.

In a filing to the Dubai Financial Market, Emaar Malls said its occupancy levels and key assets such as The Dubai Mall, Dubai Marina Mall, Gold & Diamond Park, Souk Al Bahar and the Community Retail Centres was 91 percent during the quarter.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]