Dubai-based real estate company Al Mazaya Holding has announced that it has bought back 6% of its shares in a bid to boost the market value of the company's equities. This decision follows the recent introduction of a law allowing companies to buy back a maximum of 10% of their total shares....
Abu Dhabi-based developer Al Maabar has announced plans to launch a Dhs36.5bn mixed use residential and leisure project in the Iraqi capital. The project will include some of the largest entertainment spots in Baghdad, including parks and cinemas. Al Maabar is backed by developers Aldar, Sorouh, Ree...
Abu Dhabi-based developer Aldar has announced that John Bullough, the group's COO, will take the helm as the company's new CEO. Former chief Ronald Barrott will remain on the board and act as advisor to the chairman....
The contract for enabling and piling works for the Creek Towers and Plaza project in Dubai Maritime City has been awarded to Sharaf Foundations. The project is expected to be completed by Q3 2009 and work will cover 69,000sqm....
Dubai-based mortgage provider Tamweel has been given a long term issuer default rating of 'A' by Fitch Ratings, which reflects the strong probability of government support. The company's individual rating is only at 'C/D', reflecting concerns over wholesale funding in worsen...
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