Report: Profits of 6 real estate companies in the UAE rose 66% in 9 months

Malik Salameh – Mubasher: The profits of 6 major real estate companies listed on the UAE stock markets increased by 66 percent, by about 4.618 billion dirhams, equivalent to $1.25 billion, during the first nine months of 2022. According to statistics conducted by “Mubasher” based on the financial statements of companies listed on the Dubai […]

UAE’s Yahsat eyes future acquisitions to boost growth

Abu Dhabi – Mubasher: Andrew Cole, CFO of “Yahsat“The company is looking to grow organically through acquisitions over the next few years. Andrew Cole, in an interview with Bloomberg, added that Yahsat will “press hard” to grow its business revenue streams over the next few years. He added that the company is focusing on expanding […]

UAE’s Chimera Capital launches an initial $2 billion trust fund

Dubai – Mubasher: Chimera Capital, a subsidiary of Chimera Investments, announced the launch of the Alpha Wave Private Trust Fund, an open-ended trust fund, with investment pledges of $2 billion. The company launched the fund jointly with Alpha Wave Global, an investment firm that manages a range of investment funds across various asset classes, according […]

Union Properties: Announcing several projects in the fourth quarter 2022

Dubai – Mubasher: Union Properties has resumed work in real estate development and will announce several projects during the fourth quarter of this year. Amer Khan Sahib, a member of the board of directors and managing director of the company, said in a statement to Al Arabiya TV that the company is working on a […]