MNHD Profits Jump 494% in Q1
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
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
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
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
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
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
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
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.
