Morning round-up: Abu Dhabi under pressure

Aldar Properties

, with an operating loss of Dh22m and an absence of sales. The company's troubles, and those of

Sorouh

, are proof that Abu Dhabi is now fully enmeshed in the property downturn. Still, both companies seem confident that things will pick up later this year when big projects come online.

during the first six months of the year, compared to the year-earlier period, Emirates Business 24/7 reports. The data comes from the

Directorate of Contractors' Classification and Consultants' Registration at the Department of Economic Development

. That is a serious name.