INSEAD Day 4 - 728x90

Business

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Al Zamil buys tower for $133m

By TRENDS Desk
July 26, 2022 2:45 pm
  • The company aims to provide high quality development services for luxury housing solutions to support the accommodation and hospitality sector
  • Masar Makkah was developed by Umm Al-Qura Co. for the development and construction of services and amenities to serve Makkah residents

Al-Zamil Real Estate Development Co. has bought a residential tower in Makkah from Umm Al-Qura Development and Construction Co. for the sum of $133 million.

The company aims to provide the best levels of real estate development services for luxury housing solutions to support the accommodation and hospitality sector.

Masar Makkah was developed by Umm Al-Qura Co. for the development and construction of services and amenities to serve Makkah residents, visitors and pilgrims and facilitate their access to the Grand Mosque.

[adinserter block="5"]

Most Read

NYU Abu Dhabi team develops wireless pill to control gut neurons

Abu Dhabi, UAE — Researchers at NYU Abu Dhabi (NYUAD) have developed an ingestible device that uses light to activate neurons in the gut. This new technology, called ICOPS (Ingestible…

Future of Humanity – TRENDS’ yearly Special Issue now online

Dubai, UAE — TRENDS’ yearly Special Issue is out. This year’s edition, titled Future of Humanity, explores key global shifts and brings together expert insights on old and new forces…

10,000 deaths raise specter of genocide in Gaza

Some world leaders like Turkey's President Erdogan use the term genocide to describe Israeli actions in Gaza. Israel has also been accused of war crimes by rights organizations.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Innovation key to solving Gulf water woes

Improved farming techniques, better desalination technologies, awareness campaigns and global cooperation can mitigate the regions problems caused by water scarcity.

INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
[adinserter block="4"]