Emaar Malls posts 25% fall in 2020 revenue amid “challenging business conditions”

Dubai: Emaar Malls, the shopping malls and retail business that’s majority-owned by Emaar Properties, reported a revenue of Dh3.51 billion in 2020. Overall net profit in the same period amounted to Dh704 million. The company had a revenue of Dh4.67 billion in 2019. Overall net profit for the year was Dh2.29 billion. “Emaar Malls has […]

Bahrain estimates 2020 fiscal deficit at 1.62b dinars

Cairo: Bahrain’s preliminary estimates of the 2020 total fiscal deficit have reached 1.624 billion dinars (Dh15.86 billion), an increase of 817 million dinars from the 2020 approved budget, a Finance Ministry statement said on Monday. The preliminary estimates of the 2020 fiscal results see revenues at 2.139 billion dinars, down 27 per cent from the […]