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Qatar DUBAI: Qatar's Barwa Real Estate, the Gulf Arab state's largest listed property developer, posted a 21.1 percent drop in its net profit for the first half of 2012. Barwa made a net profit of 593.6 million riyals ($163 million) for the opening six months of this year, versus 752.5 million riyals in the same period of 2011, it said in a bourse filing on Sunday. It did not provide other figures. In May the company's chief executive said it planned to launch an 18 billion riyal mixed-use Golf City project ahead of the 2022 World Cup soccer tournament. Located within the planned coastal Lusail City north of the capital Doha, the project will include 4,000 residential units and a golf course, and is expected to be ready by 2018, group CEO Abdulla al-Subaie said. It will be financed through a combination of off-plan sales and subdevelopment. Barwa is 45 percent owned by Qatari Diar, ...

South Korea central bank injects $119mn into housing corp SEOUL: South Korea's central bank said on Tuesday it injected 135.0 billion won ($119 million) into Korea Housing Finance Corp (KFHC) to strengthen the government-run company's capital base. The move is part of local policymkers' plans to boost KFHC's ability to support banks' sale and securitisation of their loan assets, which will in turn encourage lenders to make long-term, fixed-rate loans. The central bank's decision had been planned long in advance as part of a government scheme ...
Simon Property second-quarter earnings rise  NEW YORK: Simon Property Group Inc , the largest US owner of malls and outlet centers, said Tuesday that second-quarter funds from operations (FFO) rose more than 18 percent, as occupancy, sales and rent at its properties increased. The world's largest real estate company's second-quarter FFO rose to $688.8 million, or $1.89 per share, from $583.0 million, or $1.65 per share, a year earlier. FFO is a real estate investment trust performance measure that usually excludes gains ...
China says home prices increase in more cities BEIJING: Home costs in more Chinese cities rose in June than in the previous month as recent interest rate cuts encouraged buying and stoked expectations of a rebound in prices, the government said Wednesday. New home prices in 25 out of the 70 Chinese cities tracked by the government increased in June from the previous month, the National Bureau of Statistics said in a statement, up from just six in May. The spread of price rises to ...
Philippine firm in $1.07bn JV with Okada MANILA: Philippine property firm Empire East on Tuesday confirmed it would invest more than $1 billion in a joint venture with Japanese gambling tycoon Kazuo Okada. Empire East said in a disclosure to the stock exchange that it would develop "at least 25 upscale residential towers" in Entertainment City, a gambling and resort complex on Manila Bay. The firm, owned by Filipino real estate tycoon Andrew Tan, would invest 45 billion pesos ($1.07 billion) and have a ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln