SmartMoney Editor Provides Economic Outlook Under Obama Administration
President-elect Barack Obama has a shot at relieving financial fallout, but only if he keeps his promise of being committed to reaching across the aisle, Matthew Heimer, The Wall Street Journal Magazine SmartMoney deputy editor, said Wednesday. More »
Abyaar's net income jumps 95%
Kuwait-based Abyaar Real Estate Development said that its nine-month profit jumped 95%, Bloomberg has reported. Net income increased to 24.3 million dinars ($89.5m), or 50.14 fils per share, from 12.5 million dinars, or 25.87 fils per share, a year earlier. More »
SR11.5bn investment in Jizan Economic City
A further 19 companies have signed agreements to establish investment projects in Saudi Arabia's Jizan Economic City in deals valued at SR11.5bn. The agreements bring the total investment values for the project to SR115bn. More »
Dubai developer forced to cut prices
In a turn-around for the Dubai real estate market, Ukranian company VIP Waterfront have been forced to cut prices for the newly launched project by a third from those planned earlier in the year, according to the National. The units are currently being offered at Dhs2,300 per square foot. More »
UALR Economic Forecast Conference Set for Nov. 5
The next University of Arkansas at Little Rock Economic Forecast Conference will be held Wednesday, Nov. 5 at the DoubleTree Hotel in Little Rock. More »
Al Jabal opens Abu Dhabi office
Al Jabal Holding is opening an Abu Dhabi property branch under the banner of Al Jabal Real Estate. The division is looking to capitalise on the growth rate predicted in the emirate's property market over the coming decade. More »
Dubai offplan registration extended
The deadline for developers whose Dubai projects were launched prior to the introduction of Law 13 to register their offplan sales has been extended. The original date of the first week of November has been pushed back to the end of the year. Beyond this developers will face penalties for non-registration. More »
Premier Twin Towers launched
Premiers Property Developers, a part of Premiers Group, is launching Premiers Twin Towers, a project worth Dhs1bn situated in Jumeirah Village Circle, in Dubai. The Premiers Twin Towers residential and mixed use development will be made up of 33 residential floors. The project is scheduled for completion by mid 2011. More »
Orascom shares tumble
Shares of Orascom, Egypt's largest builder by market value tumbled 9.35% to 184.99 Egyptian pounds ($33). The benchmark CASE30 shed 3.50% to 4,716.25 points. At last Wednesday's close, Orascom had fallen 35% during the year to date, compared to 54% for the index More »
Landmark Bahrain wins award
Bahrain based real-estate company, Landmark Bahrain has been awarded the CNBC prize for best real-estate marketing agency. Company director, Mohammed Younis Shafi, received the award from Abdulfattah Sharaf, chief executive officer, personnel financial services, HSBC Bank, Middle East Ltd, in Dubai at a recent function attended by property-market players from 13 Arab countries. More »
New city development for Qatar
Barwa Al Khor, a subsidiary of Barwa Real Estate and a leading master developer has unveiled its flagship project Urjuan, a QR35bn (Dhs35bn) integrated city development located in Al Khor. The 5.5 million square metre city development will accommodate more than 63,000 residents upon its completion by 2013. More »
Deyaar eyes global expansion
Deyaar, the real estate subsidiary of Dubai Islamic Bank, is looking at developing master-planned communities and expanding globally. 'The current financial crisis provides the right opportunities for organisations like us to expand and benefit from the low asset prices,' said Markus Alexander Giebel, Deyaar's new chief executive. 'It is our aspiration to have 50% of our build-up area in markets, such as Kazakhstan, Jordan and Europe within a year.' More »
Emaar Economic City reassesses plans
Emaar The economic City announced yesterday that it will re-study its projects in light of world economic crisis. The company also said that it will reduce its dependence on banks for financing. Emaar is undertaking a number of major projects with Saudi firms in King Abdullah Economic City, with investments of more than SR100bn which includes a major port, hotels, and resorts. More »
Barwa Q3 profit declines
Qatar-based Barwa Real Estate Company has registered a QR299m 3rd quarter net profit compared to QR326m recorded over the same period during 2007. Meanwhile, the company's total assets had increased 63% to QR25.8bn from QR15.8bn in 31 December 2007. More »
Suits in Shale Play May Set Precedent On Eminent Domain
A case that the Arkansas Supreme Court will likely hear could determine whether companies installing pipelines for transporting gas from the Fayetteville Shale Play have the power of eminent domain. More »
Movers & Shakers for Nov. 3, 2008
A look at the movers and shakers of Arkansas business for the week of Nov. 3, 2008. More »
Fayetteville Apartments Get Upscale Renovation
Fayetteville developer Greg House and his partners are sinking $6.4 million into refurbishing every unit "from the Sheetrock out" of the apartments formerly known as College Park and more recently as Garden Park Apartments. More »
Real Estate Slowdown Spurs Title Firms' Belt-Tightening
Title companies in northwest Arkansas are feeling the pain of the real estate slowdown more sharply than firms in other areas of the state More »
Gas Station Site Makes for a Transaction of Convenience (Real Deals)
A look at important real estate transactions in Arkansas for the week of Nov. 3, 2008. More »
Little Rock's 'Hot' Market Cools Down
Third-quarter numbers from construction companies show that despite what Southern Business & Development magazine says, Little Rock may be cooling down from its "hot" market. More »
Riverdale Condos Continue To Develop
Condo projects in Little Rock's Riverdale neighborhood still in motion. More »
Azizi Platine unveiled on Palm Jebel Ali
Dubai-based property developer Azizi Investments has unveiled its latest approved building design, the Azizi Platine, located on Palm Jebel Ali. Located on Palm Jebel Ali Crescent A, Azizi Platine is a 25 storey high podium tower development that will include high end oceanfront residential apartments. The tower will offer a range of floor plans ranging from one to four bedroom apartments. More »
Barwa to launch flagship project
The Barwa Real Estate company is set to launch its biggest development project in Qatar, to be built in Al Khor city, reported The Peninsula. The flagship project, named 'Urjuan', is being launched by Barwa Al Khor, a subsidiary of Barwa Real Estate company. It will include high-quality residential units, commercial complexes, schools and other facilities set in the historic city of Al Khor. The launch is scheduled for the first week of November. Barwa Al Khor will handle the development, management and marketing of the project. More »
Real estate exhibition centre set for Dubai
24 Group, an outdoor media specialist and exhibition stand builder, is establishing a permanent exhibition center where real estate players in the UAE and the Middle East can showcase their projects year-round. The first permanent property and mortgage exhibition in the UAE is dubbed the Property Outlet and will be located at the shopping mall of Crowne Plaza Towers in Dubai. Supported by the Real Estate Regulatory Agency (RERA) and managed by 24 Group, the Property Outlet introduces a new concept in real estate exhibition in the UAE by creating a permanent display center which puts together property developers, brokers, banks and private finance institutions under one roof, according to a press statement. More »
Deltic Timber Reports Earnings Up 19 Cents a Share, Profit Increase
Deltic Timber Corp. of El Dorado on Wednesday announced an earnings-per-share increase of 19 cents for the third quarter, from 2 cents to 21 cents, and net income of $2.5 million, compared with $245,000 for third-quarter 2007. More »