Dubai developer Emaar Properties has posted USD 772 million in net profits for the first half of 2017 and laid out plans to spin off its domestic real estate business. The company's retail business, Emaar Malls, already publicly trades. The developer says revenue reached USD 2.1 billion, an increase of 8 per cent over the same period in 2016, while profits were up 15 per cent. Emaar is behind projects like the world's tallest skyscraper, the Burj Khalifa, and is active in Egypt, Turkey and India. (This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

Source: dna August 14, 2017 20:26 UTC