Topic - Damac Properties

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President-elect Donald Trump listens as Hussain Sajwani, CEO of DAMAC Properties, speaks during a news conference at Mar-a-Lago, Tuesday, Jan. 7, 2024, in Palm Beach, Fla. (AP Photo/Evan Vucci)

Donald Trump announces $20 billion in foreign investment to build U.S. data centers

By Jeff Mordock - The Washington Times

FILE - In this Aug. 9, 2017, file photo, cars pass a giant billboard adverting DAMAC Properties' Trump Estates golf course villas in Dubai, United Arab Emirates. DAMAC Properties, Dubai's largest, fully private real estate developer, on Sunday, March 29, 2020, posted its first yearly loss since becoming a publicly traded company in 2013, a worrying sign for the sheikhdom's already-reeling vital property market now struggling with the new coronavirus pandemic. (AP Photo/Kamran Jebreili, File)

Dubai firm tied to Trump posts loss as virus downturn looms

By JON GAMBRELL - Associated Press

Damac buildings share the skyline in the Business Bay district of Dubai, United Arab Emirates, Tuesday, Feb. 11, 2020. One of Dubai's largest privately-owned developers, DAMAC Properties, is reporting $10 million in net loss last year. The loss comes as Dubai's leadership is beginning to look at ways to curb an oversupply of new properties on the market that's been compounded by an economic slowdown and job losses across the emirate, which is ramping up spending this year to host Expo 2020, the world's fair. (AP Photo/Kamran Jebreili)

Dubai’s property developer Damac reports $10M earnings loss

By AYA BATRAWY - Associated Press