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Aldar Properties shines as investors await good news

Posted on May 3, 2011 in Business & jobs, Featured, The National | 0 comments

Aldar properties made its biggest gain in more than two weeks yesterday, snapping a six-day streak of trading losses as investors speculated about a positive surprise from first-quarter results. Shares in Abu Dhabi’s largest publicly traded developer closed 2 per cent higher at Dh1.55 on the Abu Dhabi Securities Exchange,

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Abu Dhabi Systems and Information Centre holds ‘Services Factbook (SFB) – e-Service Governance Framework’ workshop

Posted on May 3, 2011 in AMEinfo, Business & jobs, Featured | 0 comments

Abu Dhabi Systems and Information Centre (ADSIC) held a workshop entitled ‘Services Factbook (SFB) – e-Service Governance Framework’, recently, at Al Raha Beach Hotel. 75 IT managers and professionals attended this workshop, representing more than 24 of Abu Dhabi Government entities.

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Broadway Malyan projects win two Cityscape awards

Posted on Apr 28, 2011 in Construction and technology, ConstructionWeekOnline, Featured | 0 comments

By Oliver Ephgrave International architecture,...

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Petrochems lift Saudi index to 3-month high

Posted on Apr 26, 2011 in, Business & jobs, Featured | 0 comments

Saudi Arabia’s index TASI hit a three-month high, led by petrochemical stocks, with the market buoyed by higher oil prices in the absence of a local catalyst. “Petrochemicals are currently the most favored by investors with heightened oil prices keeping the sector over a solid floor despite some stock specific profit taking activity,” said Amro Halwani, a senior trader at Shuaa Capital in Riyadh.

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Mubadala man takes Aldar top spot

Posted on Apr 22, 2011 in Business & jobs, Featured, The National | 0 comments

Aldar Properties has elected a new chairman from the top ranks of Mubadala Development to replace Ahmed al Sayegh, the company’s departing leader. Abu Dhabi’s largest property developer will be chaired by Ali Eid al Mehairi, a UAE national who heads Mubadala Infrastructure.

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AGM Statement

Posted on Apr 22, 2011 in Business & jobs, Featured, Press | 0 comments

The shareholders of Aldar Properties PJSC held the Company’s Annual General Meeting at the Yas Hotel in Abu Dhabi earlier this afternoon. During the meeting, all agenda items were approved including the report of the Board of Directors on the Company’s activities and its financial position for the year ended 31 December 2010.

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Diary of an armchair investor

Posted on Apr 22, 2011 in, Business & jobs, Featured | 0 comments

There’s plenty of ammunition for taking cheap shots at Aldar Properties. For a start, the company lost more than AED1bn every month last year after a massive writedown of property assets. There’s the continued weakness of the Abu Dhabi property market. Then there’s Ferrari World. Aldar’s flagship theme park was barely a quarter full last Saturday when I took my 11-year-old nephew, who was bored within an hour.

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