A leading outdoor media specialist and exhibition stand builder, 24 GROUP, is establishing a permanent exhibition center for real estate players in the UAE and the Middle East to showcase their projects all year-round."This is a very timely undertaking as the UAE and the entire Middle East region continue their unabated property development boom," said Fady Mohammed, Managing Director of 24 GROUP.
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Biggest real estate finance provider in the UAE, Tamweel PJSC, announced its monetary report card for the third quarter of 2008. Firm’s net profits for the first nine months of 2008 touched Dh 573 million, a jump of 135 per cent compared to Dh 244 million for the first nine months of last year, Sheikh Khaled bin Zayed bin Saqer Al-Nehayan, Chairman of Tamweel, said.
ALDAR Properties , Abu Dhabi’s premier real estate development, management and investment company, has reported a very strong financial performance during the first 3 quarters of 2008 with a 137.9% growth in net profit and a 111.9% rise in net asset value compared to the same period last year.
SYDNEY: Australian business conditions fell sharply in the third quarter on lower sales and profits, a National Australia Bank (NAB) survey released Tuesday showed.
The NAB said while business confidence rose one point to -7 points for the September quarter, conditions plummeted 11 points to -4 points.
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SINGAPORE: Singapore’s economy, which is already in a technical recession, will remain weak in 2009 on projections the global economic outlook will deteriorate further, the central bank said Tuesday.
As a financial crisis evolves to impact economic activity worldwide, the city-state is likely to be hammered given its heavy exposure to external demand, the Monetary Authority (MAS) said in its Macro Economic Review.
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