Emaar Properties PJSC (DFM: EMAAR) reported strong financial results for the first nine months of 2024, with total revenues of AED 23.8 billion and a net profit before tax of AED 12.4 billion, driven by robust demand in Dubai’s real estate market and consistent project execution. Emaar’s property sales reached AED 50 billion, with a revenue backlog of over AED 100 billion, while its international operations contributed 7% of total revenue. Additionally, Emaar’s hospitality, leisure, and entertainment divisions saw a 7% revenue growth, supported by the tourism industry and domestic spending.
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‘Moment of truth’ for world-first plastic pollution treaty
Plastic pollution is a global issue that negotiators are working to address through the world's first treaty, with talks in South Korea facing challenges in reaching consensus on limiting production and waste management. The High Ambition Coalition advocates for a comprehensive approach to tackling the plastic lifecycle, while oil-producing countries prefer a focus on waste alone. The US and China's positions are key to any agreement, with expectations high for a successful outcome at the...
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