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FinancialNews


  • 01-08-13

    Qatar's Barwa Real Estate posts USD11.2m profit in Q2

    (MENAFN) Qatari developer Barwa Real Estate reported USD11.2 million net profit during the second quarter, down USD55.98 million a year earlier, Reuters reported. The figures were calculated by Reuters based of half-yearly results. The developer didn't disclose quarterly results. Qatar's largest listed property developer posted a net profit of USD54.7 million during the first half of 2013, up from USD162.92 million a year ago. Barwa, a struggling Qatari property firm which received USD7.1 billion in financial support from the Qatari government in June

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