DEWA to be listed on Dubai Financial market ‘soon’

Listing is part of the Securities and Exchange Higher Commission’s strategy to increase the Dubai stock market to $816.5bn. Sheikh Maktoum bin...

Saudi Arabia’s REDF signs deal to refinance $2.6bn real estate portfolio

Funding partnership agreement will enhance the financial sustainability of the fund. The Real Estate Development Fund has announced the signing of a...

Empower acquires Dubai International Airport’s district cooling systems for $299mn

Facility’s capacity is said to be equivalent to 11 times the consumption of the Burj Khalifa. The district cooling system for Dubai...

India minister tells Expo 2020: “We need to spend $700bn on urban infrastructure”

Modernisation of urban transport central to country's plans to expand economy, says minister. Kunal Kumar, Joint Secretary and Mission Director (Smart Cities...

Hussain Sajwani-owned investment vehicle makes bid to acquire 100% of DAMAC Properties

Maple Invest Company looks to purchase 100% of the issued and paid-up ordinary share capital of Dubai-based luxury property developer. Maple Invest...

NBB extends financing support to new hospital to include installation of solar panels

The hospital will occupy an area of 57,000sqm in A’Ali Bahrain and is expected to open in 2022. The National Bank of...

Saudi Arabia’s PIF announces new tourism project on offshore platforms

The project was inspired by offshore oil platforms and will be located in the Arabian Gulf. ‘The Rig’ has been announced by...

KSA and Egypt sign $1.8bn worth of contracts with consortiums to connect the nations’ power grids

Electric grid interconnection project between the two countries aims to exchange electrical capacities amounting to 3,000MW with a 500kV HVDC technology. Saudi...