Year 2013 (39)Year 2012 (154)Year 2011 (171)Year 2010 (146)Year 2009 (227)Year 2008 (101)Year 2007 (2)
Crackdown On Tax DefaultersTuesday, May 14, 2013 The excise department has recovered 320 million rupees and has deposited it in the national treasury.
The excise department has recovered this amount from the extender zone, which had been given extension to pay the taxes after a warning. The tax defaulters, who were unable to pay taxes and were sealed, are Punjab housing Society, Wapda town, Travel agencies.
The defaulters were also issued no ... more |
Margalla Avenue Construction to be Accelerated Says CDAMonday, April 29, 2013 |
Further laws needed to attract investmentFriday, January 27, 2012
A straw poll of business leaders in the region suggests that it took anything between one to three months for the contagion of the global financial meltdown to make its way from the epicentre, Wall Street in New York, to the warm shores of the UAE. Whatever your view on how, why and when the downturn actually happened, it doesn't take an economist to understand the colossal collapse of the real ... more |
Real estate companies will be trained in corporate governanceFriday, January 13, 2012
Dubai: Property companies based in the emirate are to receive new training in an attempt to boost transparency and enhance foreign investment in the market, the Real Estate Regulatory Authority (Rera) said yesterday. The training, which begins later this month, is centred around the implementation of the governance charter and will be conducted in three phases. Rera is the regulatory arm of the ... more |
Nakheel: We've paid Dh7.3b to creditors since 2010Thursday, December 08, 2011
Dubai: Nakheel, Dubai property developer, said Thursday it had paid $2 billion (Dh7.3 billion) to trade creditors, following the restructuring of the company, since 2010.
“We are pleased to announce that Nakheel has to date made payments of Dh7.3 billion to its trade creditors,” a Nakheel spokesperson said.
“Today’s announcement marks another significant progress in our recapitalization pl ... more |
China realty curbs risky as global crisis growsTuesday, December 06, 2011
Shanghai: China's attempts to deflate its property bubble come at a perilous time.
Fears that the euro might collapse, unleashing a tsunami of financial and economic disruptions around the globe, have added urgency to concerns that China's campaign to cool overheated housing prices may go too far. As economic growth wanes, Beijing has begun easing tight credit policies meant to cool inflatio ... more |
Iceland rejects Chinese tycoon's $200m land purchase proposalSunday, November 27, 2011
London: Iceland's government denied Chinese billionaire investor Huang Nubo permission to purchase land in the island's north, saying such a transfer of property would be "incompatible" with the country's laws. The government won't let Huang, through his company Beijing Zhongkun Investment Group Co, proceed with a planned acquisition of 300 square kilometres of land, the Reykjavik-based Internal ... more |
Abu Dhabi adjusts to economic realitiesSaturday, November 12, 2011
Abu Dhabi: Abu Dhabi was set to avoid the pitfalls suffered by its Gulf neighbours with a decades-long plan to replace oil revenue with industry and tourism as drivers of growth. Now those plans need to be scaled back as companies behind some of the biggest developments cut jobs and push back projects, said Gassan Chehayeb, associate director of research at Dubai-based Exotix. Delays include bea ... more |
Should Obama let vultures clean up the housing mess?Friday, November 11, 2011
Washington: Here's a unique proposal for the Obama administration, which has been casting around for ways to revive the housing sector: Let the market do its job. Housing ranks among the biggest drags on the US recovery. Almost 11 million households still owe more on their mortgages than their houses are worth. Foreclosures are piling up as banks take years to repossess and sell homes. Those who ... more |
Deyaar posts Dh45m profit as revenues rise, costs fallThursday, November 03, 2011
Dubai: Deyaar Development made a profit of Dh45 million in the first nine months of 2011 and is poised to deliver two towers by year-end, the company said in a statement to Dubai's bourse yesterday.
The real estate firm was affected by the collapse of Dubai's property sector and posted a net loss of Dh489 million in the corresponding period last year.
Deyaar did not provide separate result ... more |
Sorouh net profit rises to Dh83.6m on higher revenueMonday, October 31, 2011
Abu Dhabi: Sorouh Real Estate's third quarter net profit increased to Dh83.6 million due to more handovers and higher rental income compared with Dh62.9 million for the corresponding period in 2010.
"Net profit for the nine-month period was Dh285 million compared to Dh215 million," said chief financial officer Richard Amos.
"Sorouh's third-quarter revenues more than doubled to Dh890 millio ... more |
Al Maabar launches new Morocco apartmentsSunday, October 16, 2011
Abu Dhabi: Real estate development company Al Maabar has launched a new range of apartments in the Arts District of its Bab Al Bahr development in Rabat Sal, Morocco.
The first of the 390 apartments are scheduled to be completed in June 2012, Al Maabar said.
Surrounded by gardens and green spaces, the Arts District will host a variety of residential buildings, a five star hotel, boutiques, ... more |
Property sales will stay sluggishSunday, September 04, 2011
Dubai: Average sales rates across Dubai are predicted to continue falling after Eid, according to property analysts. Rates are expected to see a fall of 10 to 15 per cent across Dubai during the remainder of this year, according to Matthew Green, head of research and consultancy at CBRE. "However, we have to consider the fractional nature of the market as it stands, where individual developments ... more |
UK building society expects more mergersFriday, September 02, 2011
London: The UK building society sector will continue to see one or two mergers a year as the mutual lenders face pressures from low profitability, says KPMG, the professional services firm. The sector, down to 48 societies after a wave of mergers and takeovers in the financial crisis and downturn, will have a "continuing trickle" of deals, said Richard Gabbertas, a partner in KPMG's financial se ... more |
Developers keep bonds on hold in deflated marketFriday, August 26, 2011
Dubai: The UAE's developers and contractors may struggle to tap the bond market until a glut of homes that's weighing on prices is sold off. Arabtec Holding, the country's biggest construction company, mall-developer Majid Al Futtaim Group and Abu Dhabi's Tourism Development and Investment Co. were forced to delay plans to issue bonds. The country's non-real estate companies raised about $9 bill ... more |
