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FINANCIAL NEWS
Italy’s Preatoni buys Dubai Star Tower
16 Jun 2014
(MENAFN) Italian property developer Ernesto Preatoni said it has recently bought the 191 meter-tall Dubai Star Tower within the Jumeirah Lakes Towers development to increase its business in Dubai’s property market, according to Arabian Business.
Preatoni, who is best known for developing the Sharm El-Sheikh resort in Egypt, has fully bought the 48-storey Dubai tower, which is being built by Al Rashad Contracting company.
The project, which hit trading problems in the wake of the financial crisis, placed four of its seven funds into bankruptcy proceedings.
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02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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