ABU DHABI / Emirates Business Manazel Real Estate PJSC (“Manazel”), a leading UAE developer, announced its financial results for the six months ended June 30, 2017. Manazel has continued to deliver a robust financial performance with net profit up 81% to AED56.5 million, compared to AED 31.2 million in H1 2016. Consolidated revenues for the period were up 54% to ...

Dubai / WAM Union Properties PJSC (“UP” or “The Company”), one of the leading property investment developers in the UAE, has reported its financial results for the second quarter of 2017. Following a thorough accounting review and in the long-term interests of the company, UP’s new management team has taken the decision to book provisions totalling AED2.8 billion, which has ...

ABU DHABI / WAM The Department of Municipal Affairs and Transport of Abu Dhabi City Municipality (ADM) has made it clear that construction of the cable car project at Al Maqtaa and Al Bahya Corniche is still under study and has not yet been officially released to contractors. The Department indicated that the cable car (Teleferic) project at Al Maqtaa ...