Tag Archives: Dubai firm tied to Trump posts loss as virus downturn looms

Dubai’s largest, fully private real estate developer posted on Sunday its first yearly loss since becoming a publicly traded company, a worrying sign for the sheikhdom’s already reeling vital property market that’s been hit with the fallout from the coronavirus pandemic. Damac Properties, which has business ties to US President Donald Trump and hosts the Mideast’s only Trump branded golf course, reported …

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