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Dubai Wholesale City signs deal with China Commodity City Group

Dubai Wholesale City will collaborate with the Municipality of Yiwu City and the Government of Zhejiang Province, the largest shareholders in the Commodities City Group, in terms of investment and business development in the trade, manufacturing and logistical services sectors.

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WIG invests Dh2.6bn to develop 2,700 units

Western International Group, a diversified business conglomerate with interests in electronics, retail, branded garments, household appliances and shopping malls, is developing 16 residential property complexes involving 2,700 apartments with an investment to the tune of Dh2.6 billion, a top company official told Gulf Property.

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Binghatti Developers expands with Dh2 billion future outlays

Binghatti Developers, the real estate arm of Binghatti Holding group of companies, have confirmed their intentions to invest more than Dh2 billion over the next two years on projects

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Stanadyne opens first Middle East facility in Sharjah

Stanadyne, a fuel injection system developer based in Windsor, Connecticut, announced the opening of its first Middle East facility that will produce diesel fuel pumps for Millat Tractors Ltd., an agriculture tractor manufacturer based in Lahore, Pakistan.

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QIA buys Singapore tower for $2.45 bn

Qatar Investment Authority (QIA) has recently acquired Asia Square Tower 1 sold by a BlackRock-advised fund for US$2.45 billion.

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Red Sea Housing acquires Malaysian company

Red Sea Housing Services Co. acquired AM Modular Sdn Bhd, Malaysia, a company that designs and manufactures prefabricated modular buildings.

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Dubai Investments reports Dh1.1 billion net profit for 2015

Dubai Investments PJSC (DIC), a diversified investment company listed on the Dubai Financial Market, announced its net profit at Dh1.1 billion in 2015

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55,928 investors from 150 countries invested Dh135 billion in Dubai’s real estate in 2015

More than 55,928 investors from 150 countries invested Dh135 billion (US$36.78 billion) in to Dubai’s real estate sector in 2015, according to the Dubai Land Department

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Apollo Global exits Mumbai project at $69.35 million investment

New York Stock Exchange (NYSE)-listed global private equity fund Apollo Global Management has made an exit from residential project Ahuja Towers

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Paradise Group plans major foray in Dubai

Paradise Group, one of India’s leading real estate developers, is planning to enter the construction sector in Dubai, a top company official told Gulf Property.

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