Asia’s biggest mall in Philippines

If there is Mall of America in United States, Cevahir shopping mall in Europe; Mall of the Emirates, which is the current biggest shopping mall in the Middle East, and West Edmonton mall in Canada, Now Southeast Asia’s biggest mall is in Paradise Philippines, the “Mall of Asia”.

Located west of Roxas Boulevard in Pasay City, the Mall of Asia is aptly nicknamed as the "Bay City." It is built on 19.5 hectares of reclaimed land and has a gross floor area of 386,224 square meters. Mall of Asia in paradise Philippines has a lot to give for its shoppers. It consists of main mall, which include shopping and dining establishments. All the shops you could think of are here.

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Dubai Investments reports un-audited net profit of AED 991 million for 2006, a growth of 45 per cent over last year

Dubai Investments PJSC ('DI') reported exceptional un-audited results for the year 2006, with a consolidated total income of AED 2.07 billion, which is 34 per cent more than the total income of AED 1.54 billion achieved last year.

he net profit for the period was AED 991 million Dubai Real estate, which is 45 per cent more than the net profit of AED 684 million reported last year.

The Return on average equity ('ROE') is Dubai Realestate estimated at 37 per cent p.a, while the total assets have increased to AED 6.37 billion, a growth of 98 per cent over the total assets of AED 3.21 billion last year.

Khalid Kalban, Managing Director and Chief Executive Officer, Dubai Investments, said,

'These exceptional Property Dubai results were the product of excellent performances by group entities. The year 2006 was undoubtedly a remarkable year for Dubai Investments as we strategically expanded and diversified our business interests. Among key achievements of 2006 were the setting up of our real estate arm Dubai Investments Real Estate Company and the launch of Glass LLC, the region's first glass holding Real estate DUbai company. We are focused on carrying forward the momentum into 2007 as we gear up for an even more successful year.'

Dubai Investments also announced that the Total Shareholders' Equity has increased to AED 3.61 billion, a growth of 103 per cent over the Total Shareholders' Equity of AED 1.78 billion last year, mainly on account of substantial net profit achieved and an increase in capital of AED 858 million as a result of rights issue during the year.