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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.
  • Real estate transactions worth over US$74m take place in Qatar in week

    DOHA, QATAR  - The volume of real estate trading in the country in sales contracts at the Department of Real Estate Registration at the Ministry of Justice during the period from February 11 to February 15 2024 reached US$66 million (QR 242,019,892).Total sales contracts for residential units in the Real...
  • Dubai records over US$2.6bn in weeklong real estate transactions

    DUBAI, UAE - A total of 3,543 real estate transactions worth over US$2.6 billion (AED9.8 billion) were conducted during the week ending February 9, 2024, according to data released by the Dubai Land Department (DLD).The DLD report showed that 197 plots were sold for US$315 million (AED1.61 billion), while 2,572...
  • Dubai posts real estate transactions worth $3.5bn in week ending January 19

    DUBAI, UAE - The real estate and properties transactions valued at US$3.5 billion (AED13 billion) in total during the week ending January 19 2024.The sum of transactions was 3,697 and 184 plots were sold for US$547 million  (AED 2.01 billion), 2,770 apartments and villas were sold for US$2 billion (AED...
  • Real estate trading volume in Qatar exceeds US$88m in week

    DOHA, QATAR - The volume of real estate trading in sales contracts at the  Department of Real Estate Registration at Qatar’s Ministry of Justice during the period from October 1 to 5, 2023 reached US$68 million (QR 249,404,838).Total sales contracts for residential units in the Real Estate Bulletin for the...
  • ROSHN group opens sale for SEDRA phase 3 units in Riyadh

    RIYADH, SAUDI ARABIA - ROSHN Group, one of the Public Investment Fund (PIF) subsidiaries, announced on Sunday the opening of sales for the latest phase of SEDRA, the group’s flagship integrated community development here.According to a ROSHN Group press release, SEDRA phase 3 will add 3,438 more houses to ROSHN’s...
  • Dubai real estate transactions worth over $3.4bn in week ending September 15

    DUBAI, UAE - A total of 2,329 real estate transactions worth over US$3.4 billion (AED 12.7 billion) were conducted during the week ending September 15, 2023, according to figures released by the Dubai Land Department (DLD).The DLD report showed that 549 plots were sold for US$1.1 billion (AED 4.25 billion),...
  • Eshraq Q2 profit $9.79m

    The company had posted a loss of AED7 million in Q2 2022.
  • Dubai records US$3.4bn in weekly real estate transactions

    DUBAI, UAE - A total of 3,625 real estate and properties transactions valued at US$3.4 billion (AED12.5 billion) were conducted during the week ending June 16, 2023, according to figures released by the Dubai Land Department (DLD).The DLD report showed that 189 plots were sold for US$620 million (AED 2.28...
  • Dubai records US$2.6bn in weekly real estate transactions

    DUBAI, UAE  - A total of 2,790 real estate transactions worth US$2.6 billion (AED9.6 billion) were conducted during the week ending December 30, 2022, according to figures released by the Dubai Land Department (DLD).The DLD report showed that 179 plots were sold for US$378 million (AED 1.39 billion), while 2,071...
  • Dubai records over US$435m in realty transactions Monday

    Dubai real estate market recorded 445 sales transactions worth US$321 million, in addition to 68 mortgage deals of $121 million and 37 gifts deals amounting to $16 million on Monday, data released by Dubai's Land Department (DLD) showed.
  • Dubai records realty transactions worth US$1.8bn in week

    A total of 2,401 real estate transactions worth US$1.8 billion (AED6.7 billion) were conducted during the week ending September 23, 2022, according to figures released by the Dubai Land Department.
  • Real estate transactions worth US$544m at Sharjah in August

    Real estate transactions in the Emirate of Sharjah totaled US$544 million (AED 2 billion) in August 2022, according to the monthly report published by Sharjah Real Estate Registration Department (SRERD).
  • Dubai records real estate deals worth $472 million on Monday

    Dubai recorded real estate transactions worth AED1.7 billion ($472 million) on Monday, which included 562 sales transactions worth AED1.42 billion. The transactions included 75 mortgage deals of AED271.02 million, and 42 gift deals amounting to AED94.62 million, data released by Dubai's Land Department (DLD) showed. The sales included 520 villas...
  • Dubai records $2.6bn real estate transactions in week

    A total of 2,433 real estate transactions worth $2.6 billion (AED9.7 billion) were conducted during the week ending 12th August, 2022, according to figures released by the Dubai Land Department.
  • Dubai to provide 2,000 residential plots at Umm Nahad Fourth

    The Higher Committee for Development and Citizens Affairs, chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, approved immediate allocation of 2,000 residential plots at Umm Nahad Fourth area.
  • Dubai real estate market records transaction worth $206m

    Dubai real estate market recorded 293 sales transactions worth AED 757.33 million ($206 million), including 73 mortgage deals of AED135.94 million, and 9 gift deals amounting to AED16.28 million Wednesday, data released by Dubai's Land Department (DLD) showed. The sales included 264 villas and apartments worth AED507.79 million, and 29...
  • Saudi Arabia to penalize owners for not fencing their ‘vacant land’

    The Ministry of Municipal, Rural Affairs and Housing of Saudi Arabia has asked owners of vacant plots of land to fence their property before July 01, 2022, to avoid a fine of $26.6 for every square meter. The ministry intends to beautify the urban landscape, protect property from encroachments, reduce...
  • $1.03 billion Dubai housing project unveiled by Sheikh Mohammed bin Rashid

    A total of 2,000 plots of land will be distributed to Emirati citizens together with 900 ready-made villas under AED3.8 billion ($1.03 billion) housing projects in Dubai. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved the projects that also include an AED 500...
  • Abu Dhabi gives out $2.72bn in housing loans and plots

    Abu Dhabi has announced disbursement of housing loans and houses, and residential plots and the exemption of families of deceased and retirees mortgagors from loan repayments.
  • UAE allots $17.6bn to housing project for Emiratis in Dubai

    Dubai ruler and prime minister of the United Arab Emirates, Sheikh Mohammed bin Rashid Al Maktoum, has given approval for the allocation of $17.6 billion to a housing program for Emirati citizens in Dubai.
  • Dubai real estate rally: transactions worth $192 million recorded on Aug18

    A recent report by real estate firm Chestertons said value of residential transactions increased by nearly 50 percent during the Q2 2021 compared to the previous quarter as positive market sentiment and continued international buyer interest drove sales. Dubai’s handling of Covid-19 pandemic has supported the post-lockdown demand from international...
  • Aldar Properties beachfront land plots sell out in Al Gurm

    The company did not disclose the value of the sale of 71 plots sold exclusively to UAE residents.
  • More than AED 4 billion worth of real estate and properties sold in Dubai in week

    Around 1,500 real estate transactions made in during one week 120 plots of land, and more than a thousand apartments and villas figure in the sale According to Dubai Land Department (DLD) more than AED 4 billion worth of real estate and properties were sold during the last week ending...