Majid Al Futtaim Earnings Rise in 'Challenging' Market

Majid Al Futtaim reported first-half EBITDA of 2.5 billion dirhams ($681 million), according to Bloomberg. The Dubai-based company operates shopping malls, residential communities, and retail businesses. CEO Ahmed Galal Ismail said the conglomerate faces headwinds in hospitality and non-food retail sectors.

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