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25.06.26 - 09:18
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Mansour: Iran War Impacted Egypt′s Construction Cost (Bloomberg)
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The Iran war has added fresh uncertainty for investors across the region, testing sentiment in sectors from tourism to real estate. But despite the headwinds, developers are continuing to press ahead with major projects, betting that long-term demand and regional investment will outweigh the near-term uncertainty. Yasseen Mansour, Chairman and Group CEO of Palm Hills Developments spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa about the Egyptian real estate market. (Source: Bloomberg)...
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17.06.26 - 10:36
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Saudi Arabia signs construction, smart-city deals with Chinese firms as cooperation grows (SCMP)
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Saudi Arabia signed housing and construction agreements worth 1.9 billion riyals (US$507 million) with Chinese partners including China State Construction Engineering during a visit to China by its housing minister, as Riyadh deepens cooperation with Beijing on urban development projects.
Speaking at a signing ceremony on Monday evening in Shenzhen, Minister of Municipalities and Housing Majid Al-Hogail said Saudi Arabia was accelerating housing and urban-development projects under its Vision......
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16.06.26 - 08:31
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Kamrava: New Mideast Partnerships to Follow War (Bloomberg)
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The US-Iran MOU may offer GCC countries some relief after months of conflict, but it has also exposed vulnerabilities including the reliability of US security guarantees. Mehran Kamrava, Professor of Government at Georgetown University Qatar spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the GCC's response to the deal & the rebuild that lies ahead.
(Source: Bloomberg)...
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15.06.26 - 22:36
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COMMENT: Iran and the GCC, the memory remains (IntelliNews)
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Relations across the Gulf have been ruined following more than 100 days of war between Iran, Israel and the US with the Gulf neighbours to the south and east of the Islamic Republic left exposed following a new memorandum with the Trump admin....
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13.05.26 - 13:03
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Caesarstone Reports First Quarter 2026 Financial Results (Business Wire)
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- Revenue of $88.7 Million -
- Gross Margin of 22.3%, Increasing 100 Basis Points Year-Over-Year -
- On Track to Deliver Positive Adjusted EBITDA in the Third Quarter of 2026 -MP MENASHE, Israel--(BUSINESS WIRE)--Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its first quarter ended March 31, 2026.
Yos Shiran, Caesarstone's Chief Executive Officer commented, “First quarter results reflect meaningful structural progress in our ongoing transformation. Gross margin expanded driven by the increasing contribution of our transition to a third-party manufacturing model despite continued revenue pressure. While macroeconomic headwinds and competitive dynamics continue to weigh on revenues, particularly in North America, we remain focused on the factors within our control, including strengthening partnerships within our global production network, and advancing the strategic initiatives under our restructuring plan t...
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13.05.26 - 12:06
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UK housebuilder Vistry warns of ′significantly′ lower profits amid Iran war uncertainty (The Guardian)
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Bovis Homes owner's shares plunge 10.5% after it was forced to cut prices as buyers became cautiousOne of the UK's biggest housebuilders has said its profits will be “significantly” lower, as it was forced to cut prices after heightened uncertainty caused by the US-Israeli war on Iran.Vistry's shares plunged 10.5% in early trading on Wednesday, hitting their lowest level in nearly 15 years, as it told shareholders its first-half profits would be hit by the fallout from the Middle East conflict. Continue reading......
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