Damac to invest $3b in SE Asian data centres
Damac Group, led by billionaire developer Hussain Sajwani, is set to invest $3 billion in building data centres in…
Browsing Tag
Damac
Dubai property developer DAMAC H1 profits fall 90.53%
Dubai's real estate developer DAMAC Properties recorded a 90.53 percent decline in profit during the first half of…
UAE’s Damac starts delivering first sharia-compliant units
Leading Dubai luxury properties developer Damac has begun handing over Ghalia, its first sharia-compliant…
Dubai DAMAC’s profits fall 45% in Q1
Dubai's DAMAC Properties, owner and operator of the only Trump-branded golf club in the Middle East, posted a 45…
Dubai stock market outperforms quiet region as Amlak leaps
Dubai's stock market outperformed a quiet region in morning trade on Sunday as Islamic finance firm Amlak jumped…
Gulf stocks move little in pre-holiday early trade
Gulf equity markets were narrowly mixed in early trade Tuesday as investors prepared for extended holidays, with…
Real Estate Investors Shun Egypt As Foreign Firms Retreat
A flight by foreign companies from violent unrest in Egypt threatens to drive up vacancy rates at offices and malls…
DAMAC Properties Hits Construction Milestone In Solidiere
DAMAC Properties, the largest luxury private developer in the Middle East, has completed the third floor slab cast…
Dubai Developer DAMAC Picks Banks For London IPO-Sources
DAMAC Properties, a privately held Dubai property developer, has hired two international investment banks to help…
Dubai Developer DAMAC Awards $272 M Hotel Contract To Turkey’s TAV
Private UAE developer DAMAC Properties has awarded the Dubai branch of Turkey's TAV Construction a…
6 Banks To Grant Hyde Park’s EGP1.2 bln Loan Next Tuesday
6 Banks will be signing the final contracts for Hyde Park’s Loan worth EGP 1.2 billion next Tuesday. The loan…
Egypt Suspends UAE DAMAC Official’s Jail Term After Settling Legal Disputes
Egypt’s prosecutor-general on Monday ordered the suspension of a five-year prison sentence handed down to prominent…
Egypt, DAMAC Sign Final Settlement Accord Today
Egypt’s Prime Minister Hisham Kandil will be signing today the final settlement agreement among the Dubai-based…
Egypt Says Disputes With Dubai’s DAMAC Are Resolved
Egypt said on Wednesday it had settled disputes with the Dubai-based developer DAMAC involving projects dating back…
EGX 30 Ends At 5446 Pts Backed By Govt’s Reconciling Remarks
Egypt bourse has gained EGP 1.7 billion during the closing session of Sunday backed by the government’s…
Egypt Minister Says Damac Debt War To End In Days
Egypt government will be resolving its long-running disputes with the largest private developer of luxury real…
Developer DAMAC To Build Trump-Branded Golf Course In Dubai
DAMAC Properties, a privately held developer, said on Sunday it would work with American real-estate mogul Donald…
DAMAC Properties Launches ‘Akoya’
DAMAC Properties , the largest private developer of luxury real estate in the Middle East, announces the launch of…
Sarie Eldin: Damac To Reconcile Within Days; No Updates For Al-Futtaim
UAE’s Damac Properties, the investment arm of Damac Holding, has entered the final phase in its talks with the…
Sarie Eldin: No Updates On OCI’s Tax File, DAMAC Awaits Final Agreement
Dr. Hani Sarie Eldin - the legal counsel for Orascom Construction Industries (OCIC.CA), has asserted…
Direct Land Sale Law To Be Re-Enacted: Housing Minister
The Egyptian Minister of Housing and Urban Communities Dr. Tarek Wafiq revealed that the Ministry has drafted a law…
90% Of Damac’s Project In Egypt Will Continue: Hussain Sajwani
Hussain Sajwani, Chairman of Damac Properties, said the Egyptian government is reluctant in finding solutions to…
Egypt’s NUCA To Sign Final Settlement Contracts By January
Egypt's New Urban Communities Authority (NUCA) plans to sign the last contracts which shall settle the current…
Damac Hits Construction Milestone In Lebanon
Damac Properties has completed the raft foundation for its iconic Damac Tower in Beirut, Lebanon. The main…
DAMAC Properties Hits Construction Milestone In Solidiere
DAMAC Properties , the largest private developer in the Middle East, has completed the raft foundation for its…
Real Estate Is On Road To Recovery
The real estate market's recovery is on track and the banks should come forward to ensure adequate liquidity for…
Damac Offers A Yacht, Speed Boat With Every New Home This Summer
Dubai-based real estate developer Damac Properties has rolled out a promotion offer under which buyers are to get a…
DAMAC Completes the First Phase of “Park Avenue” Mega Mall
DAMAC Properties- largest private developer in MENA region- has announced that it has completed the first phase of…
Postponing Al Futtaim settlement till July 2012
Sources declared postponing the settlement contracts signed between government and a group of investors till the…
CIB saves EGP 300m For Hyde Park’s Loan
Commercial International Bank (CIB) is currently studying saving from US$ 200 million to US$ 300 million of the…