Cautious Emaar cuts costs despite first quarter ‘surprise’ | The National:
"Emaar Properties has embarked on a cost-cutting drive to meet more challenging market conditions.
Speaking to reporters after the company’s annual general meeting in Dubai yesterday, the chairman Mohamed Alabbar said that it had “severely" cut costs, but maintained that this was not because of its performance.
“We are really scared of 2016," he said. “If you look at our cost budget, it went back two years. So we went to a cost budget base of two years ago just to be cautious.""
'via Blog this'
No comments:
Post a Comment