Emaar

Emaar Retail said it is setting in motion a new trend in marketing, whereby the focus is not only on offering viable platforms but also in promoting long-term customer engagement for the partner brands.

Dubai’s Emaar Properties edged higher yesterday, shrugging off a 62% decline in fourth-quarter profit, as Middle East markets gave a muted response to the end of Hosni Mubarak’s 30-year rule in Egypt.

The following companies may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.

Emaar Properties, builder of the world's tallest tower, posted a 62 percent fall in fourth-quarter profit, hit by impairments related to its associates and the results missed analysts forecasts. Emaar handed over 3,500 units in the UAE and internationally in 2010, including over 770 units in Burj Khalifa and 420 units in international markets.

Emaar Properties, the largest property developer in the region, reported its fourth quarter profits drop by 62 per cent to Dh274 million compared to the same period in 2009 after two partly-owned companies wrote down the value of their assets and costs rose.

Emaar Retail is offering lovebirds in the country a chance to wish their Valentine on the big screen, in 70mm. Emaar Retail, which manages Reel Cinemas, the flagship 22-screen cinema at The Dubai Mall, as well as at Dubai Marina Mall, said in a statement that for a fee, it is offering moviegoers in the emirate a chance to “make an announcement on February 14 with a personalised Valentine’s Day greeting on the big screen for only Dh300.”

Emaar Malls Group, for instance, the shopping malls and retail subsidiary of Emaar Properties and one of the largest developers of premium shopping and entertainment destinations in the region, is seeing increased visitors’ footfalls across all of its malls in Dubai.

Claiming victory, the state government has said that Dubai-based Emaar Properties PSJC has agreed to restore the 26 per cent share in the Emaar Hills Township to AP Industrial Infrastructure Corporation (APIIC) as per the agreement reached between the two entities.

Hayya!, the leading health and fitness centre addressed the increasing health concerns of overweight individuals by hosting the Weight Loss Show at the Hayya! Health Club in Meadows Village, Emirates Hills recently.

Arabian Gulf Shares rose, sending Dubai’s gauge up the most in a month, on optimism Egyptian President Hosni Mubarak’s pledge to step down will help quell protests that entered a ninth day. Emaar Properties, builder of the world’s tallest skyscraper with a unit in the North African country, gained the most since September. Dubai Islamic Bank advanced 3.2 percent after Fitch Ratings assigned the lender a long-term foreign currency issuer rating of A.