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ABOUT DUBAI

News & Updates

  • GCYYB3
    Telecommunications operator Zain Saudi reported a wider second-quarter loss on Thursday, missing analysts’ forecasts.   The company has yet to make a quarterly profit since launching services in 2008 and has battled to compete against better-resourced rivals Saudi Telecom Co and Etihad Etisalat (Mobily).   Zain Saudi, 37 percent owned by Kuwait’s Zain, made a […]
  • RTSIGQ1
    Japanese oil refiner TonenGeneral Sekiyu has bought its first oil from Iran since becoming independent from U.S. oil major Exxon Mobil Corp , three industry sources familiar with the matter said.   The company bought the Iranian spot cargo through a trading house due to attractive pricing and the shipment arrived Japan earlier this month, […]
  • FKPY57
    Saudi Arabian food maker Savola Group, the country’s largest food products company, reported a 43.2 percent fall in second-quarter net profit and cut its dividend on Thursday, citing higher operating expenses and financial charges.   Net profit in the three months to June 30 was 246.7 million riyals ($65.8 million) compared with 434.4 million riyals […]
  • F6D5X4
    Abu Dhabi state investment fund Mubadala has agreed to acquire a 20 percent stake in Investcorp, the Bahrain-based alternative investment firm said in a statement on Thursday.   Mubadala will buy 9.99 percent of Investcorp immediately, and a further 10.01 percent following the necessary regulatory approvals, the statement said without disclosing a value for the […]
  • EFR7TK
    Abu Dhabi-listed Etisalat reported a 51 percent rise in second-quarter net profit on Wednesday on the back of foreign exchange gains and lower finance costs and royalties.   Etisalat, which directly and indirectly operates in about 18 countries across the Middle East, Africa and Asia, made a net profit of 2.32 billion dirham ($631.7 million) […]
  • GDTTE6
    Dubai’s Emaar Malls, a unit of Emaar Properties which operates high-end retail facilities including Dubai Mall, reported an 11.2 percent rise in second-quarter net profit on Wednesday.   Emaar Malls made a net profit of 458 million dirhams ($124.8 million) in the three months to June 30 compared with a profit of 412 million dirhams […]
  • G009P1
    The quality of real estate loans in the United Arab Emirates has continued to improve despite sliding home prices, the International Monetary Fund said, in a sign that the UAE is coping better with a real estate downturn than it did in the last slump seven years ago.   Dubai’s average residential real estate price […]
  • RTX1I2BZ
    Yemen has said it sold 3 million barrels of crude to Glencore, according to a news agency affiliated to the government in exile headed by President Abd-Rabbu Mansour Hadi.   The Sabanew.net news agency quoted an oil ministry official as saying the deal was the result of a tender, in which 29 international companies were […]
  • RTSFP8N
    Saudi Arabia’s Etihad Etisalat (Mobily) swung to a net profit in the second quarter, according to a statement on Tuesday, after not repeating a significant provision recorded in the corresponding quarter of last year.   Mobily, which had slashed 27 months of previously-reported earnings by nearly $1 billion, made a net profit of 18.8 million […]
  • BMCD58
    Vodafone Qatar, an affiliate of Vodafone Group, reported on Tuesday a first-quarter loss that was flat compared with the corresponding period of last year, as higher customer numbers offset a decline in total revenue   The telecoms operator made a net loss of 99.6 million riyals ($27.4 million) in the three months to June 30, […]

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CONTACT US

SUITE 2504, BOULEVARD PLAZA 1, DOWNTOWN DUBAI, UAE

P.O.Box 43391,
Dubai - UAE

Tel: +9714 343 8881
Fax: +9714 343 9991
Email: info@stargroupgulf.com
OUR PROJECTS

Hot Properties

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Buildings

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Villa
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Villa
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Villa
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Apartments

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