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FINANCIAL NEWS
Barwa�s net profit declines
03 Aug 2013
(MENAFN) Qatar�s Barwa Real Estate net profit decreased in the first half of 2013. The real estate developer profits went down from USD163 million to USD45.7 million in the corresponding period last year, Khaleej Times reported.
Barwa received USD7.1 billion support from state-owned real estate firm, Qatari Diar. Diar owns 45 percent of Barwa Real Estate.
Barwa develops office, residential, retail and hospitality properties and has worked in the UK, Switzerland and France.
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