Majid Al Futtaim Earnings Rise in 'Challenging' Market
Dubai-based Majid Al Futtaim, which owns shopping malls, residential communities and retail businesses, reported record first-half EBITDA of 2.5 billion dirhams ($681 million). CEO Ahmed Galal Ismail told Bloomberg's Abeer Abu Omar that the conglomerate is navigating a "challenging operating environment," particularly in hospitality and non-food retail. (Source: Bloomberg)
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
