Regional stock market indices Regional currency rates Emaar wins ‘Property Company of the Year’ Award Emaar Properties, the Dubai-based global property developer, received the ‘Property Company of the Year’ award at the Arabian Business Awards 2006. This award is Emaar’s fourth this year after ‘Best Real Estate Brand in the GCC’, ‘Best Developer in the UAE and Egypt’, and ‘Developer of the Year’. Emaar has been following a strategy of expansion and diversification, which has seen it enter into projects in more than 15 countries including a $20 billion project in downtown Dubai and a recent $500 million residential project in Jordan. Emaar recorded an increase in its first half-net profits of 21%, reaching $831 million. SABIC Group Issues First Saudi Arabian Corporate Eurobond SABIC Europe B.V, the European subsidiary of Saudi Basic Industries Corporation (SABIC), issued the first Saudi Arabian corporate Eurobond. This euro 750 million ($975 million) Eurobond
