Dubai’s Emaar Properties sells $500 million 10-year sukuk
DUBAI: Dubai’s largest listed developer Emaar Properties is set to raise on Tuesday $500 million from the sale of Islamic bonds, or sukuk, a document issued by one of the… Read more »
Category: World
Germany’s construction sector sees revenue growth of about 9%
BERLIN: Germany’s construction sector on Tuesday raised its outlook and now sees revenue growth of almost 9% in 2019, in a sign that the boom continues for one of the… Read more »
SoftBank convertible note helped cut WeWork losses
NEW YORK : Investors may be stumped by some of the finances WeWork owner We Company unveiled this week in its filing to go public, in particular a $486 million… Read more »
Ireland’s Green REIT sells for 1.34 billion euros
DUBLIN: UK-based real estate firm Henderson Park is to buy Irish commercial property investment trust Green REIT in a deal that values the firm at 1.34 billion euros, a 25%… Read more »
WeWork posts $900 million loss as it preps for IPO
NEW YORK | BENGALURU: WeWork owner The We Company on Wednesday published detailed financial statements for the first time, showing it lost more than $900 million in the first half… Read more »
JPMorgan’s WeWork IPO pursuit many years and loans in making
BY: Sonali Basak When WeWork Cos.’ Adam Neumann sits down with investment bankers, he’s known to casually mention one of his longtime financial advisers: JPMorgan Chase & Co. Chief Executive… Read more »
Pakistan police removes pro-India banners in Islamabad, one arrested
ISLAMABAD: Pro-India banners which appeared in different parts of Pakistani capital, including in the high security Red Zone, hailing India’s decision to revoke the special status of Jammu and Kashmir… Read more »
Indian realtors should partner with Israeli counterparts: Banjamin Netanyahu
TEL AVIV: Israeli Prime Minister Banjamin Netanyahu on Tuesday asked Indian real estate developers to partner with Israeli counterparts to boost productivity and profitability. Addressing the realtors’ apex body CREDAI… Read more »
Dubai’s prime residential property prices fell 1.9% H1 2019
BY: Alexander Cornwell DUBAI: Dubai prime residential property prices fell 1.9% in the first half of the year due to the market being oversupplied, real estate company Savills said. The… Read more »
WeWork seeks $6 billion financing, contingent on IPO success
BY: Gillian Tan WeWork Cos. is setting up $6 billion in financing to pursue its global ambitions, but there’s an unusual catch: It must first succeed in its initial public… Read more »