International Property Investment » northern france http://internationalpropertyinvestment.com Property Investment around the World - Buying Investment Properties Sat, 14 Jan 2012 12:20:59 +0000 en hourly 1 admin admin International Property Investment Blog No No Emaar Facing More Issues Closes Algerian Offices http://internationalpropertyinvestment.com/emaar-facing-more-issues-closes-algerian-offices http://internationalpropertyinvestment.com/emaar-facing-more-issues-closes-algerian-offices#comments Mon, 06 Jul 2009 08:20:18 +0000 admin http://internationalpropertyinvestment.com/?p=2651 Dubai-based developer, Emaar properties saw another slide in share prices after closing it's offices in Algeria due to "a lack of progress which is beyond the company's control." The action came after announcements that Emaar will be merging with several other government-owned developers, and threw more confusion and lack of confidence into Dubai's stock and real estate markets. Investors reacted badly to the proposed merger and, Emaar's shares fell sharply on the announcement. Several analysts have stopped rating the company, because of lack of transparency in the deal, but one thing is clear - the merger is highly likely to damage existing shareholders. Emaar shares dropped another  7.2%, to close at 2.60 dirhams (71 cents) Sunday after the Algerian announcement.

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