ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.48% to close at 4123.51 points. Accordingly the Market Capitalization has gained AED3.18 Billion attaining AED668.89 Billion. A total of 0.53 Billion Shares were traded with a total value of AED495.74 Million during the trading session of 15-02-2016 through 6280 transactions. The number of companies which has been traded ...

Abu Dhabi / Emirates Business Aldar Properties PJSC (“the Company”), Abu Dhabi’s leading listed property development, investment and management company, on Monday announced net profit of AED 2.6 billion for the financial year ended 31 December 2015, up 13% from AED 2.3 billion in 2014. Net profit for the fourth quarter rose 4% to AED 750 million, from AED 718 ...

Bloomberg In the latest sign that Hong Kong’s property correction is deepening, a parcel of land sold by the government in the New Territories went for nearly 70 percent less per square foot than a similar transaction in September. The 405,756 square foot site in Tai Po sold for HK$2.13 billion ($274 million) or HK$1,904 per square foot, in a ...