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FINANCIAL NEWS
Emaar MGF faces $20m fine from Delhi High Court
27 Dec 2010
(MENAFN) Delhi High Court fined Emaar MGF, a joint venture between Emaar Properties and India�s MGF Development by around $20million for delays in construction of the $230m Commonwealth Games village, reported Arabian Business.
Earlier this month, the court gave right to the Delhi Development Authority (DDA) to cash in a bank guarantee of $41.25m as part of its contract with Emaar MGF in spite of the latter’s attempt to postpone.
DDA previously filed claims of construction flows in the games village and as well as a delay in deadlines. Emaar denied charges.
Emaar stated that DDA took over the village after the organizing committee conducted an inventory of facilities, items and assets.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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