Sunday, 15 February 2009
Emaar Properties PJSC loss
Emaar Properties PJSC, the largest real-estate developer in the United Arab Emirates, reported a fourth-quarter loss and put new real-estate projects on hold. The net loss was 1.77 billion dirhams ($481 million) compared with a profit of 1.74 billion dirhams a year earlier. The fell a further 8 percent bringing the decline in 2009 to 19 percent, following an 85 percent last year.