Dubai Holding Sees Unit's Profit at Over $1.09 Billion in 2014 - WSJ:
"State-owned investment conglomerate Dubai Holding on Sunday said it expects full-year net profit at its real estate and hospitality arm to exceed 4 billion dirhams ($1.09 billion), reflecting the emirate's economic recovery.
Dubai Holding Commercial Operations Group, or DHCOG, which owns luxury hotel company Jumeirah Group, several business parks and telecommunications assets, said revenues rose to 5.6 billion dirhams while net profit reached 2.1 billion dirhams during the first six months. It didn't disclose comparative results for the same period in 2013. Full-year net profit for 2013 was 3.3 billion dirhams.
Dubai Holding's results come at a time when the emirate is enjoying stronger economic growth after the crisis years and as a result is launching several brash, large-scale projects again."
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