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Property firm records Dh15.28 billion total sales in 2015
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Etihad Etisalat (Mobily) in November said it was considering selling its towers, most likely to a tower company which would lease these back to the seller.
Excluding the company's recent acquisition of Al Bayan Water Co, the group said profit and sales grew by 18 per cent and 11 per cent, respectively.
With the intention of reinvigorating the regional retail sector, Pavers England has committed to a $50 million investment across the GCC, illustrating its confidence in the market and the positivity and resourcefulness that is intrinsic to its success.
Other executives at LinkedIn, some at business analytics company Tableau Software, and a number of the companies' venture capital backers also took losses running into tens of millions of dollars as both stocks tumbled on dismal financial outlooks.
Gains hit Dh1.66b; The Dubai Mall pitches in big with 80m visitors in '15
Total revenues reached to Dh451 million in 2015 compared to Dh936.7 million in 2014. The total revenue comprised of Dh393.7 million of operational revenues and Dh57.3 million of investment revenues and others.
Americana, as the company is known and which owns the Middle East franchises for popular fast food chains KFC and Pizza Hut as well as producing a range of branded consumer foods for markets throughout the region, has a total market value of around $2.52 billion, according to Thomson Reuters data.
The long-term investment for the new headquarters will serve as a platform to drive the UAE's digitisation agenda and build upon Dubai's knowledge economy, as well as support the emirate's vision to become an innovation-led economy and a smart city.
From innovation to saving lives, these people have gone the extra mile
