Qatar: Qatar's Barwa Real Estate Co has said its second-quarter profit fell 87% to QR40.6m ($11m), Bloomberg has reported. First-half profit dropped 66% on delays in "sealing certain deals," the company said without providing further details. The developer, which suffered from sluggish demand for properties since the 2008 financial crisis, said June 6 it plans to sell QR26bn of assets to government owned Qatari Diar Real Estate Investment Co to reduce debt. [AMEInfo.com]
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