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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Aldar Properties beachfront land plots sell out in Al Gurm

By TRENDS Desk
August 2, 2021 9:50 am

    • The company did not disclose the value of the sale of 71 plots sold exclusively to UAE residents.

    • Construction of the second phase of the Al Gurm likely to begin in September.

    DUBAI: Abu Dhabi’s Aldar Properties has sold out land plots in the second phase of Al Gurm development, a beachfront community in the emirate.

    Local media reports said all 71 plots of 900-4,400 sqm area and available exclusively to UAE nationals were sold for a value the company did not disclose.

    Rashed Al Omaira, Chief Commercial Officer at Aldar Development said the continuing demand for real estate investment opportunities in Abu Dhabi was evident in multiple sell-out launches of the company’s turnkey developments on Yas Island and Saadiyat Island in recent months, and now the Al Gurm sales.

    The construction of the second phase of Al Gurm—the first was completed in 2010—is due to begin in September 2021.

    The reports said Aldar Properties posted a net profit of $148.12 million in the first quarter of 2021.

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