Raffles International School, the educational provider led by Emaar Education, has opened two new nurseries in Dubai Marina and The Lakes, two of the established master-planned communities by Emaar Properties PJSC.
Emaar Properties, the developer of the world’s tallest building, plans to issue a benchmark dollar bond and pricing is expected to be announced on Thursday (today), according to sources. Last week, the developer announced that the company had hired top three global banks to arrange fixed-income meetings ahead of a possible bond issue.
Claiming victory, the state government has said that Dubai-based Emaar Properties PSJC has agreed to restore the 26 per cent share in the Emaar Hills Township to AP Industrial Infrastructure Corporation (APIIC) as per the agreement reached between the two entities.
The following companies may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.
Dubai’s Emaar Properties edged higher yesterday, shrugging off a 62% decline in fourth-quarter profit, as Middle East markets gave a muted response to the end of Hosni Mubarak’s 30-year rule in Egypt.