Damac drops out of Muscat waterfront project

Issue 1108 - 30 Jul 2020 | 2 minute read

Dubai-based luxury property developer Damac, which made a loss in 2019 even before coronavirus hit the UAE in 2020, has exited the Port Sultan Qaboos waterfront project in Muscat. No reasons have been given for the end of its involvement.

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Damac drops out of Muscat waterfront project

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Kuwaiti voters return a familiar parliament, as political deadlock endures

UAE’s Edge Group signs deal to build radar systems with Spain’s Indra

UAE’s pursuit of artificial intelligence throws up political challenges

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