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| [Mar 18,2009] S&P Downgrades Emaar, Seven Other Dubai Companies |
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| DUBAI - Standard & Poor's downgraded the credit ratings of eight Dubai companies on Tuesday, including Emaar Properties, and said it was worried about the health of banks as the former boomtown faces a sharp slowdown. Dubai's economy could shrink between 2 and 4 per cent in real terms this year, S&P ...
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| [Mar 18,2009] DFM Slips 1.21 Per Cent; ADX Drifts on Low Volumes |
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| DUBAI - Dubai shares fell on Tuesday, dragged down by index mover Emaar Properties after a ratings downgrade by Standard & Poor' Ratings Service and on extended declines of newly-listed Drake & Scull. The Dubai Financial Market benchmark index dropped 1.21 per cent to 1,491.37, while the Abu Dhabi S ...
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| [Mar 18,2009] Emaar Downgraded to 'BBB ' From 'A-' |
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| DUBAI - Standard & Poor's Ratings Service downgraded its long-term corporate rating on Emaar Properties to 'BBB ' from 'A-', and gave it a 'negative'outlook, saying the weakened Dubai property market is likely to affect the company's financial health in the short to medium term. “The rating actio ...
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| [Mar 06,2009] Emaar may Shelve Projects Worth more than Dh90b |
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| DUBAI - Dubai-based Emaar Properties may shelve projects worth more than Dh90 billion as worried investors step up pressure on the Middle East's biggest property developer to halt projects in the face of collapsing prices. The Emaar Investor Group, made up of approximately 200 individual buyers, las ...
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| [Feb 14,2009] Emaar records Dhs5.578b profit in '08 |
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| BY OUR BUSINESS BUREAU
Dubai: Global property developer Emaar Properties has recorded annual net operating profits of Dhs5.578 billion ($ 1.519 billion) in 2008, 15 per cent lower than the net operating profits of Dhs6.575 billion ($1.790 billion) in 2007.
Annual revenue was lower ...
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| [Feb 14,2009] Emaar Unveils Ready-to-live-in 'Open Home' |
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| DUBAI - Emaar Properties has unveiled a ready-to-live-in 'Open Home' within The Old Town, an residential community within Downtown Burj Dubai. The Open Home, which is a fully furnished model home that highlights the lifestyle amenities and design elegance of residences is open for viewing for the pu ...
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| [Feb 13,2009] Emaar takes heavy losses due to writedowns in US operations |
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| DUBAI: Dubai property giant Emaar Properties announced Thursday that it swung to a heavy net loss in the fourth quarter of last year due to major writedowns on its US operations.The reversal caused the company's full-year net profit to slump by more than half. In reaction to a weakening real-estate ...
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| [Feb 13,2009] Writedowns Pull Emaar into Red |
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| DUBAI - Emaar Properties PJSC announced on Thursday that its operating profit dropped 15 per cent to Dh5.578 billion in 2008 mostly due to an inventory writedown in the US and a fourth-quarter loss. Emaar's annual revenue dropped 10 per cent to Dh16.015 billion from Dh17.869 billion in 2007, when it ...
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| [Feb 13,2009] Emaar operating profit dropped 15 per cent in 2008 |
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| DUBAI - Emaar Properties PJSC announced on Thursday that its operating profit dropped 15 per cent to Dh5.578 billion in 2008 mostly due to an inventory writedown in the US and a fourth-quarter loss. Emaar's annual revenue dropped 10 per cent to Dh16.015 billion from Dh17.869 billion in 2007, when it ...
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| [Jan 22,2009] HSBC Cuts Emaar’s Target price to Dh8.5 |
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| DUBAI - HSBC Holdings Plc slashed its price estimate for property giant Emaar Properties to Dh8.5 from Dh13.9 amid plummeting real estate prices.
HSBC however, reiterated its overweight rating for the region’s largest property developer, saying “Emaar should be able to withstand the slowdown ...
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