Abu Dhabi's Aldar Properties' Q3 net profit drop by almost a fifth | ZAWYA MENA Edition:
"Aldar Properties , the state-linked builder of Abu Dhabi's Formula One circuit, reported a nearly 20 percent decline in third-quarter profit. The results come against a backdrop of a slowing economy and property market in the oil-rich capital of the United Arab Emirates. Aldar also announced management changes, appointing its chief development officer Talal al-Dhiyebi as the new chief executive officer and named the current CEO Mohamed Khalifa al-Mubarak as its new chairman. "
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