GCC Building Contract Awards to Hit USD 85.6 bn in 2017

• Wednesday, 17th May 2017
• by Menna A. Farouk

The value of new building contracts in the GCC region are expected to reach USD 85.6 bn in 2017, up 7% from USD 79.5 bn in 2016, Invest-Gate reports.

MNHD Profits Jump 494% in Q1

• Tuesday, 16th May 2017
• by Nayrouz Talaat

Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) is posting consolidated net profits of EGP 407.2 mn in the first quarter of 2017, a surge of 493.6% y-o-y from EGP 68.6 mn in the same period a year ...

Emaar Posts 15% Profit Rise in Q1

• Monday, 15th May 2017
• by Nayrouz Talaat

Dubai-based property developer Emaar Properties generates profits of AED 1.384 bn in the first quarter of 2017, an increase of 15% compared to AED 1.205 bn in the same period of last year, Invest-Gate reports.

DAMAC’s Net Profits Grow in Q1

• Monday, 15th May 2017
• by Nayrouz Talaat

Dubai real estate developer DAMAC Properties posts net profits of AED 880.44 mn in Q1 of 2017, down 16.2% compared to AED 1.05 bn in the same period a year earlier, Invest-Gate reports.

HDB’s Standalone Profit Rises in Q1

• Monday, 15th May 2017
• by Nayrouz Talaat

Egypt's Housing and Development Bank standalone net profit after tax accounts for EGP 349 mn in Q1 of 2017 compared to EGP 218 mn a year ago, Invest-Gate reports.

UAE’s Investment Fund Emirates Reit Sees Gains on Rental Income in Q1

• Wednesday, 10th May 2017
• by Fatma Khaled

The UAE’s first real estate investment fund Emirates Reit is securing a 21% increase in rental income during the first quarter of 2017 from one year ago to a total USD12.6 mn (AED 46.28 mn), helped by demand for spac ...

Al Mazaya Holding Posts Net Profit of KWD 1.91 mn

• Tuesday, 9th May 2017
• by Fatma Khaled

Kuwaiti-based Al Mazaya Holding posts net profit of KWD 1.91 mn during the first quarter (Q1) of 2017 while achieving sales revenues worth KWD 13.18 mn, Invest-Gate reports.

Marsa Marsa Alam for Development Tourism Q1 losses narrow

• Monday, 8th May 2017
• by Nayrouz Talaat

The Egyptian joint stock company Marsa Marsa Alam for Development Tourism  posts a net loss of EGP 617,633 during the first quarter of 2017, compared to a loss of EGP 6.2 mn a year ago, Invest-Gate reports.

Egypt Records Growth of 3.9% in Q3 of FY2016-2017

• Sunday, 7th May 2017
• by Fatma Khaled

Egypt achieves a growth rate of 3.9% in Q3 of FY2016-2017 compared to 3.6% achieved during the same period last year, Invest-Gate reports.

Dubai’s Arabtec Returns To Profit in Q1 2017

• Thursday, 4th May 2017
• by Nayrouz Talaat

Leading UAE construction company Arabtec Holding returns to profits in its financial results of the 1Q of 2017 after two years of losses, according to Reuters