31.7 C
Vientiane
Saturday, August 2, 2025
spot_img
Home Blog Page 497

Euro Tech Holdings Company Limited Reports 2024 Year-End Results

HONG KONG, May 1, 2025 /PRNewswire/ — Euro Tech Holdings Company Limited (Nasdaq: CLWT) today reported financial results for the 12-month period ended December 31, 2024 (“Fiscal 2024”).

The Company had net income of US$734,000 in Fiscal 2024, as compared to US$1,828,000 for the fiscal year ended December 31, 2023 (“Fiscal 2023”). There was an exceptional increase in equity in income of affiliates in Fiscal 2023 arising from the disposal of 2 desulfurization treatment plants for a “Build-operate-transfer” project, which contributed approximately US$1,450,000 to the Company’s net income of Fiscal 2023.  The Company’s net income had a substantial increase if the non-recurrent profit is excluded.

The Company’s revenues for Fiscal 2024 were US$15,383,000, an approximate 14.3% decrease compared to US$17,940,000 for Fiscal 2023. The decrease in revenue was mainly a result of substantial drop in sales of high value analytical instruments to Hong Kong Government.

Gross profits increased by 15.4% to US$4,454,000 for Fiscal 2024 as compared to approximately US$3,861,000 for Fiscal 2023. The increase was principally due to decrease in sales of high value analytical instruments of lower gross profit % and increase in revenue of Ballast Water Treatment Systems (“BWTS”) of higher gross profit margin.

Selling and administrative expenses slightly decreased by 0.9% to approximately US$4,067,000 for Fiscal 2024 as compared to approximately US$4,103,000 for Fiscal 2023.

Mr. David Leung, CEO of the company commented,

“In 2024, the company’s performance has remained stable despite a challenging economic landscape. We have maintained stable growth overall for BWTS. However, our Wastewater Treatment (“WWT”) business continues to struggle due to the industrial sector being impacted by declines in foreign investment.

Looking ahead, even though economic challenges still exist, we are confident in our ability to develop the company. We see market potential for using mobile port BWT systems and related shore-based water solutions because of certain maritime cities experiencing high traffic congestion and a demand for using port BWT as emergency and rapid solutions. Additionally, more maritime countries will soon launch stricter environmental regulations to protect their coastlines, which will benefit us in promoting clean water solutions, such as ballast water, industrial wastewater and water solutions, etc. Last but not least, we will continue to capture the small and medium-sized ships market for BWTS retrofit at full speed and are planning to engage in direct marketing with shipowners by co-organizing technical seminars with distributors in high-growth shipping regions outside China.

Turning adversity into opportunity is the way forward!”

About BWTS

BWTS are an imminent requirement by The International Maritime Organization (“IMO”) to prevent the biological unbalance caused by the estimated 12 billion tons of ballast water transported across the seas by ocean-going vessels when their ballast water tanks are emptied or refilled. In 2012, ballast water discharge standard became a law in the US. Any vessel constructed in December 2013 or later will need to comply when entering US waters, and existing vessels will follow shortly after. IMO’s Ballast Water Management Convention entered into force for new-built vessels on September 8, 2017 after ratification by 52 States, representing 35.1441% of world merchant shipping tonnage. In July 2017, IMO decided that the phase-in period for ballast water system retrofits started on 8 September 2019. 

The company obtained type approval certificate from China’s Classification Society for its 200, 300, 500, 750, 1200 and 1250 Cubic Meters per hour BWTS in 2016.

The IMO convention stipulates that type approval for revised G8 requirements must be obtained for all BWTS installed on or after October 28, 2020, and the company have been in compliance with such requirements.

Its ballast water port solution, HarborBallast, is a system installed in port to offer ballast water treatment services for ocean-going ships without their own BWTS and for those with damaged BWTS.

Forward Looking Statements

Certain statements in this news release regarding the Company’s expectations, estimates, present view of circumstances or events, and statements containing words such as estimates, anticipates, intends, or expects, or words of similar import, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes. Specific risk factors may include, without limitation, having the Company’s offices and operations situated in Hong Kong and China, doing business in China, competing with Chinese manufactured products, competing with the Company’s own suppliers, dependence on vendors, and lack of long term written agreements with suppliers and customers, development of new products, entering new markets, possible downturns in business conditions, increased competition, loss of significant customers, availability of qualified personnel, negotiating definitive agreements, new marketing efforts and the timely development of resources. See the “Risk Factor” discussions in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F for its fiscal year ended December 31, 2024.

 

CONDENSED STATEMENTS OF OPERATIONS

(Dollar amounts in US$ thousands, except share and per share data)

Year Ended December 31,

2024

2023

Revenues

15,383

17,940

Net Income Attributable to the Company

734

1,828

Net Income Per Ordinary Share – Basic

$0.10

$0.24

 

Weighted Average Number of

    Ordinary Shares Outstanding –Basic

 

 

7,716,993

 

 

7,726,118

 

SELECTED BALANCE SHEET DATA

As of December 31,

2024

2023

Cash and Cash Equivalents

5,805

5,453

Total Current Assets

9,229

10,545

Total Assets

20,708

22,120

Total Current Liabilities

4,005

5,596

Total Liabilities

4,014

5,640

Total Euro Tech Shareholders’ Equity             

15,743

15,641

 

GreenTree Filed Annual Report on Form 20-F for Fiscal Year 2024

SHANGHAI, May 1, 2025 /PRNewswire/ — GreenTree Hospitality Group Ltd. (NYSE: GHG) (“GreenTree” or the “Company”), a leading hospitality management group in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (“SEC”) on April 30, 2025 U.S. Eastern Time.

The annual report can be accessed on the Company’s investor relations website at http://ir.998.com/ as well as the SEC’s website at http://www.sec.gov.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company’s IR Department at ir@998.com.

About GreenTree Hospitality Group Ltd.

GreenTree Hospitality Group Ltd. (“GreenTree” or the “Company”) (NYSE: GHG) is a leading hospitality and restaurant management group in China. As of December 31, 2024, GreenTree had a total number of 4,425 hotels and 182 restaurants. In 2023, HOTELS magazine ranked GreenTree 11th among the 225 largest global hotel groups in terms of number of hotels in its annual HOTELS’ 225. GreenTree was the fourth largest hospitality company in China in 2022 according to the China Hospitality Association. In 2023, GreenTree completed its acquisition of Da Niang Dumplings and Bellagio, two leading restaurant chain businesses in China.

GreenTree has a broad portfolio of diverse brands spanning from the economy to mid-scale, up-scale and luxury segments of the hospitality industry mainly in China. Through its strong membership base, expansive booking network, superior system management with moderate charges, and fully supported by its operating departments including Decoration, Engineering, Purchasing, Operation, IT and Finance, GreenTree aims to keep closer relationships with all of its clients and partners by providing a diverse brand portfolio that features comfort, style and value.

For more information on GreenTree, please visit http://ir.998.com.

Or contact:

GreenTree
Ms. Selina Yang
Phone: +86-158-2166-6251
E-mail: ir@998.com

Mr. Maple Miao
Phone: +86-181-0184-0639
E-mail: ir@998.com

Christensen
In Shanghai
Mr. Jerry Xu
Phone: +86-138-1680-0706
E-mail: jerry.xu@christensencomms.com

In Hong Kong
Ms. Karen Hui
Phone: +852-9266-4140
E-mail: karen.hui@christensencomms.com

In the US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
E-mail: linda.bergkamp@christensencomms.com

Kaleidescape Announces Distribution for Australia and New Zealand Marine and Superyacht Market

National AV Solutions Becomes Kaleidescape Marine Distributor

MOUNTAIN VIEW, Calif., May 1, 2025 /PRNewswire/ — Kaleidescape, maker of the ultimate movie platform, today announced National AV Solutions as the distributor for Australia and New Zealand’s vibrant marine market, delivering unparalleled entertainment experiences to luxury marine, yacht, and superyacht owners.

As the only digital movie provider with lossless audio and full reference video quality, Kaleidescape ensures yacht owners can enjoy an extensive catalog of 4K and HD titles with unparalleled clarity and performance. The system integrates seamlessly into marine AV and automation solutions, providing access to an extensive library of movies, TV series, and concerts.
As the only digital movie provider with lossless audio and full reference video quality, Kaleidescape ensures yacht owners can enjoy an extensive catalog of 4K and HD titles with unparalleled clarity and performance. The system integrates seamlessly into marine AV and automation solutions, providing access to an extensive library of movies, TV series, and concerts.

“Australia and New Zealand have a thriving yachting community that demands the very best in onboard entertainment,” said Priscilla Morgan, president and chief operating officer, Kaleidescape. “With Kaleidescape, yacht owners and designers can integrate the highest-quality cinematic experience into their vessels, ensuring guests enjoy pristine picture and immersive, lossless audio—no matter where their journey takes them.”

Kaleidescape’s partnership with National AV Solutions, a leading distributor specializing in AV solutions, will bring the company’s high-performance movie platform to luxury yachts across Australia and New Zealand. Partnering with National AV Solutions allows Kaleidescape to reach this discerning market with a premium entertainment solution tailored for the open sea.

“Kaleidescape is a game-changer for onboard entertainment,” said Claver Harper, Director, National AV Solutions. “Superyacht owners and their guests expect the best, and with Kaleidescape, they get a true cinematic experience that is seamless, reliable, and designed for the unique challenges of the marine environment. We are excited to bring this exceptional technology to our customers.”

As the only digital movie provider with lossless audio and full reference video quality, Kaleidescape ensures yacht owners can enjoy an extensive catalog of 4K and HD titles with unparalleled clarity and performance. The system integrates seamlessly into marine AV and automation solutions, providing access to an extensive library of movies, TV series, and concerts.

Australia and New Zealand marine customers will have access to Kaleidescape’s premium product lineup, including the Strato V, Strato C, and Strato M movie players, Terra Prime SSD in 8TB, 31TB and 123TB and the Terra Prime movie servers available in 12TB, 24TB, and 48TB configurations.

With this expansion, Kaleidescape continues to set the standard for high-end entertainment, ensuring that yacht owners can enjoy a world-class movie experience wherever their adventures take them. Customers can explore the full product range through www.nationalavsolutions.com.au with more details on availability and pricing.

About Kaleidescape (www.Kaleidescape.com)  

Kaleidescape is the ultimate movie platform. Kaleidescape has been designing, manufacturing, and selling state-of-the-art movie players and servers for over 20 years. Kaleidescape digitally delivers movies with lossless audio and reference video. Headquartered in Silicon Valley, Kaleidescape products are assembled in the USA.

Media Contact:
Kaleidescape, Inc.
Josh Gershman
Josh.Gershman@kaleidescape.com

Photo – https://laotiantimes.com/wp-content/uploads/2025/05/kaleidescape.jpg

Logo – https://laotiantimes.com/wp-content/uploads/2025/05/kaleidescape_logo.jpg

Natus announces integration of InVisus Pro NMUS into Natus Elite software

MIDDLETON, Wis., May 1, 2025 /PRNewswire/ — Natus Medical Incorporated has announced its InVisus Pro Neuromuscular Ultrasound system can now be seamlessly integrated with all Natus EMG systems via Natus Elite Software, providing users of the portable, stand-alone neuromuscular ultrasound with the same comfort, confidence, and quickness expected from the world’s most reliable EMG application.

The neuromuscular ultrasound (NMUS) option delivered by the latest upgrade to Natus Elite, long considered the gold standard in EMG, expands confidence for healthcare providers using InVisus Pro to confirm and localize pathology. NMUS Integration with one-click reporting also allows clinicians to easily manage the full patient journey.

“The portability, versatility, and high image quality of InVisus makes it perfect as a point-of-care diagnostic tool,” said Dr. Sanjeev Nandedkar, Natus Senior Consultant. “The integration of InVisus with the familiar environment of Natus Elite software allows seamless use with NCS/EMG testing in routine electrodiagnostic laboratories. The workflow is not altered, and a single report with all test modalities is generated. It also provides additional features such as comparison of results across test modalities and ‘on-screen’ comparisons with previous investigations. The net result is a better efficiency and better patient care.”

Combining InVisus Pro with Natus Elite makes it simple for doctors and clinicians to compare current and past exams to gain deeper insights. This includes side-by-side, real-time analysis of NMUS and nerve conduction studies (NCS).

Just as doctors benefit from the ability to make quick decisions based on more information, patients find parallel advantages of comfort with a non-invasive testing option and improved patient experience.

ABOUT NATUS 

Natus is trusted by healthcare providers around the globe as the solution source to screen, diagnose, and treat disorders affecting the brain and neural pathways. The best-in-class Natus solutions, including service, field support and education, enable clinicians to advance their standard of care, improving patient outcomes and quality of life. For more information on Natus, please visit www.natus.com/neuro.

CONTACT INFORMATION:
Lisa Schuler
Phone: +1 612 528-1332
Email: lisa.schuler@natus.com

The InVisus Pro Neuromuscular Ultrasound system can now be seamlessly integrated with all Natus EMG systems via Natus Elite Software, providing users of the portable, stand-alone neuromuscular ultrasound with the same comfort, confidence, and quickness expected from the world’s most reliable EMG application.
The InVisus Pro Neuromuscular Ultrasound system can now be seamlessly integrated with all Natus EMG systems via Natus Elite Software, providing users of the portable, stand-alone neuromuscular ultrasound with the same comfort, confidence, and quickness expected from the world’s most reliable EMG application.

 

Combining InVisus Pro with Natus Elite makes it simple for doctors and clinicians to compare current and past exams to gain deeper insights. This includes side-by-side, real-time analysis of NMUS and nerve conduction studies (NCS). Infographic: NMUS Integration workflow and Insight NCS
Combining InVisus Pro with Natus Elite makes it simple for doctors and clinicians to compare current and past exams to gain deeper insights. This includes side-by-side, real-time analysis of NMUS and nerve conduction studies (NCS). Infographic: NMUS Integration workflow and Insight NCS

 

Video – https://mma.prnewswire.com/media/2677187/InVisus_Pro_Integration_Press_Release_Quote_Sanjeev_Nandedkar.mp4 

 

Latham Bolsters Antitrust and Competition Practice in Germany

The addition of Dr. Tilman Kuhn upholds Latham’s legacy of cutting-edge legal excellence across its global platform.

DÜSSELDORF, Germany, May 1, 2025 /PRNewswire/ — Latham & Watkins LLP is pleased to announce that Dr. Tilman Kuhn will join the Düsseldorf office as a partner in its Antitrust & Competition Practice, and a member of the Litigation & Trial department. Dr. Kuhn is widely recognized as one of Germany’s leading antitrust lawyers, bringing extensive international experience across multiple jurisdictions to the firm.

Dr. Tilman Kuhn, Latham & Watkins
Dr. Tilman Kuhn, Latham & Watkins

Dr. Kuhn advises on a wide range of antitrust matters, including cartel matters, conduct investigations, civil litigation as well as merger control and FDI reviews. His expertise spans key industries such as oil & gas/chemicals, pharmaceuticals, consumer products, automotive, and technology.

“Tilman is highly regarded for the top-notch quality of his advice, creativity and commercial approach, making him a highly sought-after advocate and solutions provider,” said Michael Egge, Global Chair of Latham’s Antitrust & Competition practice. “His arrival reinforces our dedication to excellence in Antitrust & Competition, and we’re excited to see the impact Tilman will have on our clients and global platform.”

Latham’s Antitrust & Competition practice is internationally acclaimed for its exceptional multi-disciplinary expertise and unwavering excellence. Recently, the firm was distinguished as one of the leading competition practices worldwide by the Global Competition Review (GCR), securing a top-two ranking across all antitrust categories, including merger control, cartel, non-cartel, and litigation. This year proudly marks Latham’s 17th consecutive inclusion in GCR’s Global Elite ranking.

“We’re thrilled to welcome Tilman to the firm,” said Burc Hesse, Office Managing Partner in Germany. “His market reputation speaks positively to his leadership, work ethic, and entrepreneurialism, which aligns perfectly for Latham’s global platform. His addition reinforces our position as a leader in the antitrust and competition arena.”

“We’re delighted to have Tilman join our team,” said Max Hauser, Deputy Office Managing Partner in Germany. “We’ve gotten to know Tilman as a proven leader whose technical skills, personality, and business acumen make him an exceptional fit for our firm. We are confident that his expertise will greatly contribute to our continued success and growth.”

“I am excited to join Latham’s outstanding team of antitrust lawyers, who are strategically positioned across continents,” said Dr. Tilman Kuhn. “As part of this exceptional team, I look forward to advising clients on their most complex antitrust issues, while leveraging, and continuing to support the growth of Latham’s enviable global platform.”

Dr. Kuhn joins from White & Case. He holds an LLM from the University of Amsterdam in 2001 and received his Dr. jur from the University of Cologne in 2005.

NOTES TO EDITORS

Latham & Watkins operates worldwide as a limited liability partnership organized under the laws of the State of Delaware (USA) with affiliated limited liability partnerships conducting the practice in France, Hong Kong, Italy, Singapore, and the United Kingdom and as an affiliated partnership conducting the practice in Japan. Latham & Watkins operates in Israel through a limited liability company, in South Korea as a Foreign Legal Consultant Office, and in Saudi Arabia through a limited liability company.

CONTACTS

Michael Egge, Global Chair, Antitrust & Competition Practice, +1.202.637.2285

Burc Hesse, Germany Office Managing Partner, +49.151.16311760

Max Hauser, Germany Deputy Office Managing Partner, +49.176.24432535

 

Bybit & FXStreet Report: Gold could reach US$4,000 per ounce by 2025

DUBAI, UAE, May 1, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with FXStreet published a comprehensive report forecasting gold’s potential to reach US$4,000 per ounce by the end of 2025.

Key Highlights:

New record highs

Gold has recently surged to an all-time high of US$3,500 per ounce. The rally marks a 26% increase year-to-date and a 41% gain over the past 12 months — sharply outperforming equities, with the S&P 500 down 11% in the same period. This underscores gold’s renewed strength as a reliable safe-haven asset.

Safe-haven demand

Gold’s outperformance reflects a broader macroeconomic trend: investors fleeing volatility in traditional markets. A weakening US dollar, persistent inflation, and negative equity returns have made gold increasingly attractive. As fiat currencies lose purchasing power, gold’s status as a hedge against currency devaluation has been reaffirmed across global markets.

Tariff-driven uncertainty

Trade policies under U.S. President Donald Trump have reignited fears of a global tariff war. This uncertainty is driving capital towards gold as a politically neutral store of value. Tariffs on key commodities — and the possibility of levies on gold itself — are pushing exporters and importers to divest from vulnerable currencies such as the CAD, JPY, EUR, CNY, and MXN in favor of gold reserves.

Traditional safe-haven instruments like US Treasuries are seeing reduced demand from exporting nations affected by US tariffs. As Treasury yields lose their appeal, gold is increasingly seen as the only truly stable alternative for risk-averse capital.

Technical momentum

From a technical perspective, bullish signals remain in place. The MACD (Moving Average Convergence Divergence) remains positive, with the short-term (12-day) moving average staying above the longer-term (26-day) average — a classic sign of continued upward momentum. Meanwhile, the Relative Strength Index (RSI) stands at 60, indicating healthy momentum without entering overbought territory.

End-of-year target

Given the supportive macroeconomic backdrop, persistent geopolitical risks, and favorable technical setup, analysts are forecasting the rally will continue short-term. Gold appears poised to test its next resistance level at US$3,500, with a potential to climb to US$4,000 per ounce by year end if current momentum holds.

Diversification potential

Silver presents an overlooked but compelling opportunity for diversification. Historically moving in tandem with gold, silver remains significantly undervalued compared to its 2011 all-time high of US$50 per ounce. With industrial demand also contributing to its strength, silver could benefit from both defensive capital flows and cyclical economic recovery, offering investors an additional layer of resilience.

Conclusion

Gold’s rise to historic highs is the result of intersecting forces: economic headwinds, inflationary pressure, political uncertainty, and a global search for reliable stores of value. With traditional safe-havens underperforming and demand from markets like China rising, gold’s outlook remains strong. As momentum builds, both gold and silver are reasserting themselves as essential components of a diversified portfolio in 2025.

The full detailed report is available here.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press 

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

QATARI DIAR SIGNS STRATEGIC AGREEMENT WITH DAR GLOBAL TO DEVELOP TRUMP INTERNATIONAL GOLF CLUB AND TRUMP VILLAS, A BEACHSIDE ULTRA LUXURY COMMUNITY WITHIN SIMAISMA MASTERPLAN

DOHA, Qatar, May 1, 2025 /PRNewswire/ — Qatari Diar has signed an agreement with Dar Global to develop Trump International Golf Club Simaisma includes a luxury 18-hole golf course, golf club and an exclusive collection of Trump-branded luxury villas, as part of the landmark Simaisma coastal project located 40 kilometres north of Doha.

 

Trump International Golf Club & Villas
Trump International Golf Club & Villas

 

Occupying approximately 790,000 square meters within the broader 8 million square meters of Simaisma development, this collaboration will deliver a world-class 18-hole Trump International Golf Course, a Trump Golf Clubhouse, and approximately high-end branded villas overlooking the golf and the beach with direct access to beach and neighbouring anticipated luxury lifestyle destinations.

The larger Simaisma project, led by Qatari Diar, is set to transform Qatar’s eastern coastline and will feature a 650,000 square meters theme park (The land of Legends), tourism and hospitality zones, a yacht marina, beach club, and a curated mix of cultural, retail, and dining experiences.

His Excellency Abdullah bin Hamad bin Abdullah Al Attiya, Minister of Municipality and Qatari Diar Chairman, said: “We are delighted to partner with Dar Global to bring the prestigious Trump brand to Simaisma, reflecting our ongoing commitment to developing world-class urban projects that combine luxury with authentic Qatari identity. We are proud to add this landmark development to our growing portfolio — a distinctive addition that will enhance quality of life, elevate living standards, and support Qatar’s aspirations for sustainable development. Through this collaboration, we look forward to further strengthening Qatar’s position as a preferred destination for investment, tourism, and luxury living, both regionally and internationally.”

Eric Trump, Executive Vice President of The Trump Organization, commented: “We are incredibly proud to expand the Trump brand into Qatar through this exceptional collaboration with Qatari Diar and Dar Global. Trump International Golf Club Simaisma and our luxury villa community will reflect our highest standards of quality, prestige, and timeless elegance.”

Eng. Ali Mohamed Al-Ali, CEO of Qatari Diar Real Estate Investment Company, stated: “We commit to bringing the world’s leading brands and expertise to Simaisma, transforming our vision into a reality. Following the successful launch of Land of Legends, we are proud to introduce the Trump brand with the introduction of the Trump International Golf Club and the luxury villa community. With this new landmark, we are taking another major step toward delivering a world-class destination that sets new standards for luxury living and leisure along Qatar’s eastern coastline.”

Ziad El Chaar, CEO of Dar Global, added: “Dar Global is honoured to partner with Qatari Diar to deliver this iconic development. With the Trump brand’s global prestige and our deep expertise in creating world-class residential destinations, Trump International Golf Club Simaisma will raise the bar for ultra-luxury coastal living in the region.”

This partnership combines Qatari Diar’s leadership in large-scale national development with Dar Global’s international track record in branded real estate. The Trump-branded enclave will be a key highlight within the Simaisma project, reinforcing Qatar’s position as a global hub for luxury, tourism, and investment.

Disclaimer: Trump International Golf Club Doha is not owned, developed or sold by The Trump Organization or any of their current or former principals or affiliates. Dar Global PLC, the owner and developer of the property, uses the “Trump” name and mark under license, which license may be terminated or revoked according to its terms.

About The Trump Organization

For more than four decades, The Trump Organization has set new standards of excellence in luxury real estate development representing the highest level of excellence in Five Star Luxury Hotels, Championship Golf Courses, Global Realty Services, Residential & Commercial Buildings, Property Management, Entertainment, Dining, Retail and more. With this enduring commitment, The Trump Organization is recognized as the preeminent developer of some of the most valuable and prized luxury real estate assets in the world.

https://www.trump.com/trump-international-realty

About Qatari Diar Real Estate Investment Company

Qatari Diar Real Estate Investment Company was established in 2005 by the Qatar Investment Authority, the sovereign wealth fund of the State of Qatar. Headquartered northeast of capital Doha on the coast of the Arabian Gulf.

Qatari Diar is entrusted to support Qatar’s growing economy and to coordinate the country’s real estate development priorities.

About Dar Global

DarGlobal PLC is an international real estate developer specializing in exclusive luxury developments across the world’s most coveted cosmopolitan cities.

Catering to global citizens seeking prime investments, second homes, and luxury living, DarGlobal transforms real estate into economic catalysts, unlocking opportunities for both investors and the countries it enters.

DarGlobal has partnered with over 10 world-renowned luxury brands, including Trump Organization, Aston Martin, Automobili Lamborghini, Fendi, ELIE SAAB, Marriott Residences, Missoni, Mouawad, Pagani Automobili, and W Hotels. These collaborations offer unique investment opportunities in global cities, providing both wealth growth and protection.

Listed on the London Stock Exchange, DarGlobal goes beyond property development, it drives economic transformation by attracting international clients and Foreign Direct Investment (FDI). By injecting capital, confidence, and industry expertise, DarGlobal enhances local infrastructure while elevating the global appeal of each destination.

With a presence in 14 international cities across 9 countries, DarGlobal’s portfolio spans the United Kingdom, Spain, Greece, Saudi Arabia, the UAE, Oman, and Qatar.

 

Qatari Diar & Dar Global Partnership -Trump International Golf Club and Villas at Simaisma
Qatari Diar & Dar Global Partnership -Trump International Golf Club and Villas at Simaisma

 

His Excellency Abdullah bin Hamad bin Abdullah Al Attiya, Minister of Municipality and Qatari Diar Chairman and Eric Trump, Executive Vice President of The Trump Organization
His Excellency Abdullah bin Hamad bin Abdullah Al Attiya, Minister of Municipality and Qatari Diar Chairman and Eric Trump, Executive Vice President of The Trump Organization

 

QATARI DIAR SIGNS STRATEGIC AGREEMENT WITH DAR GLOBAL TO DEVELOP TRUMP INTERNATIONAL GOLF CLUB AND TRUMP VILLAS, A BEACHSIDE ULTRA LUXURY COMMUNITY WITHIN SIMAISMA MASTERPLAN

DOHA, Qatar, April 30, 2025 /PRNewswire/ — Qatari Diar has signed an agreement with Dar Global to develop Trump International Golf Club Simaisma includes a luxury 18-hole golf course, golf club and an exclusive collection of Trump-branded luxury villas, as part of the landmark Simaisma coastal project located 40 kilometres north of Doha.

 

Trump International Golf Club & Villas
Trump International Golf Club & Villas

 

Occupying approximately 790,000 square meters within the broader 8 million square meters of Simaisma development, this collaboration will deliver a world-class 18-hole Trump International Golf Course, a Trump Golf Clubhouse, and approximately high-end branded villas overlooking the golf and the beach with direct access to beach and neighbouring anticipated luxury lifestyle destinations.

The larger Simaisma project, led by Qatari Diar, is set to transform Qatar’s eastern coastline and will feature a 650,000 square meters theme park (The land of Legends), tourism and hospitality zones, a yacht marina, beach club, and a curated mix of cultural, retail, and dining experiences.

His Excellency Abdullah bin Hamad bin Abdullah Al Attiya, Minister of Municipality and Qatari Diar Chairman, said: “We are delighted to partner with Dar Global to bring the prestigious Trump brand to Simaisma, reflecting our ongoing commitment to developing world-class urban projects that combine luxury with authentic Qatari identity. We are proud to add this landmark development to our growing portfolio — a distinctive addition that will enhance quality of life, elevate living standards, and support Qatar’s aspirations for sustainable development. Through this collaboration, we look forward to further strengthening Qatar’s position as a preferred destination for investment, tourism, and luxury living, both regionally and internationally.”

Eric Trump, Executive Vice President of The Trump Organization, commented: “We are incredibly proud to expand the Trump brand into Qatar through this exceptional collaboration with Qatari Diar and Dar Global. Trump International Golf Club Simaisma and our luxury villa community will reflect our highest standards of quality, prestige, and timeless elegance.”

Eng. Ali Mohamed Al-Ali, CEO of Qatari Diar Real Estate Investment Company, stated: “We commit to bringing the world’s leading brands and expertise to Simaisma, transforming our vision into a reality. Following the successful launch of Land of Legends, we are proud to introduce the Trump brand with the introduction of the Trump International Golf Club and the luxury villa community. With this new landmark, we are taking another major step toward delivering a world-class destination that sets new standards for luxury living and leisure along Qatar’s eastern coastline.”

Ziad El Chaar, CEO of Dar Global, added: “Dar Global is honoured to partner with Qatari Diar to deliver this iconic development. With the Trump brand’s global prestige and our deep expertise in creating world-class residential destinations, Trump International Golf Club Simaisma will raise the bar for ultra-luxury coastal living in the region.”

This partnership combines Qatari Diar’s leadership in large-scale national development with Dar Global’s international track record in branded real estate. The Trump-branded enclave will be a key highlight within the Simaisma project, reinforcing Qatar’s position as a global hub for luxury, tourism, and investment.

Disclaimer: Trump International Golf Club Doha is not owned, developed or sold by The Trump Organization or any of their current or former principals or affiliates. Dar Global PLC, the owner and developer of the property, uses the “Trump” name and mark under license, which license may be terminated or revoked according to its terms.

About The Trump Organization

For more than four decades, The Trump Organization has set new standards of excellence in luxury real estate development representing the highest level of excellence in Five Star Luxury Hotels, Championship Golf Courses, Global Realty Services, Residential & Commercial Buildings, Property Management, Entertainment, Dining, Retail and more. With this enduring commitment, The Trump Organization is recognized as the preeminent developer of some of the most valuable and prized luxury real estate assets in the world.

https://www.trump.com/trump-international-realty

About Qatari Diar Real Estate Investment Company

Qatari Diar Real Estate Investment Company was established in 2005 by the Qatar Investment Authority, the sovereign wealth fund of the State of Qatar. Headquartered northeast of capital Doha on the coast of the Arabian Gulf.

Qatari Diar is entrusted to support Qatar’s growing economy and to coordinate the country’s real estate development priorities.

About Dar Global

DarGlobal PLC is an international real estate developer specializing in exclusive luxury developments across the world’s most coveted cosmopolitan cities.

Catering to global citizens seeking prime investments, second homes, and luxury living, DarGlobal transforms real estate into economic catalysts, unlocking opportunities for both investors and the countries it enters.

DarGlobal has partnered with over 10 world-renowned luxury brands, including Trump Organization, Aston Martin, Automobili Lamborghini, Fendi, ELIE SAAB, Marriott Residences, Missoni, Mouawad, Pagani Automobili, and W Hotels. These collaborations offer unique investment opportunities in global cities, providing both wealth growth and protection.

Listed on the London Stock Exchange, DarGlobal goes beyond property development, it drives economic transformation by attracting international clients and Foreign Direct Investment (FDI). By injecting capital, confidence, and industry expertise, DarGlobal enhances local infrastructure while elevating the global appeal of each destination.

With a presence in 14 international cities across 9 countries, DarGlobal’s portfolio spans the United Kingdom, Spain, Greece, Saudi Arabia, the UAE, Oman, and Qatar.

Infographic: https://laotiantimes.com/wp-content/uploads/2025/05/qatari_diar_trump_int_infographic.jpg
Photo: https://laotiantimes.com/wp-content/uploads/2025/05/qatari_diar_dar_global.jpg
Photo: https://laotiantimes.com/wp-content/uploads/2025/05/qatari_diar_dar_global_1.jpg

 

Qatari Diar & Dar Global Partnership -Trump International Golf Club and Villas at Simaisma
Qatari Diar & Dar Global Partnership -Trump International Golf Club and Villas at Simaisma

 

His Excellency Abdullah bin Hamad bin Abdullah Al Attiya, Minister of Municipality and Qatari Diar Chairman and Eric Trump, Executive Vice President of The Trump Organization
His Excellency Abdullah bin Hamad bin Abdullah Al Attiya, Minister of Municipality and Qatari Diar Chairman and Eric Trump, Executive Vice President of The Trump Organization