Emaar writes down $45m linked to US property
DUBAI - Emaar Properties PJSC, the Middle East's largest real-estate developer, wrote down Dh165 million ($45 million) related to its U.S. unit in the second quarter, Al Mal Capital PSC said, citing an analyst call.
...Emaar is building the Burj Dubai, the world's tallest tower, and plans to construct six hotels, a theme park and 1200 apartments as part of the Las Vegas-style Bawadi project ...
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