Sunday 3 January 2016

Hotel fire has 'no material impact' on Emaar | GulfNews.com

Hotel fire has 'no material impact' on Emaar | GulfNews.com:

"Emaar Properties, the Dubai-based real estate developer, said there would be no material impact on the company as a result of the fire at one of its hotels on New Year’s Eve.

In a statement issued to the Dubai Financial Market (DFM) where Emaar is listed, the company said that the "fire has been contained and the cause is being investigated by the company and the relevant authorities."

"The building and risk of fire are covered by insurance, so there should be no material impact on the company as a result of this incident.”"



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