Financial
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FIM Partners, HIVE, and Rafal Real Estate Development Company to establish $150mn development fund
The strategic partnership aims to address the growing demand for flexible living spaces in Riyadh. HIVE, Rafal Real Estate Development Company and...
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ACCIONA secures US $317mn in sustainable financing for projects in the GCC
The sustainable financing is structured as a green loan with local impact, aligned with ACCIONA’s Sustainable Impact Financing Framework. ACCIONA has secured...
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Masdar closes acquisition of 50% stake in Terra-Gen
Terra-Gen is currently developing more than 12GW of wind, solar and battery storage projects in the US. Abu Dhabi Future Energy Company...
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Sobha Realty complete US $230mn Sukuk Tap
With the completion of this tap, Sobha Realty’s total sukuk issuance now stands at $500mn. Sobha Realty has announced the execution of...
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Record approvals for home-construction VAT refunds
The FTA explained that in the year between the end of June 2023 and the end of June 2024, 7,580 new applications...
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NMDC secures approval for IPO of NMDC Energy Shares
NMDC Energy provides integrated solutions in the energy sector. NMDC Group has received approval from the Securities and Commodities Authority and the...
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Meteora acquires fractional real estate ownership platform Maisour
The acquisition aligns with both companies’ visions to democratise real estate investment and capitalise on Dubai’s booming property market. In a strategic...
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TECOM Group expands commercial portfolio in Dubai
The new strategic acquisitions and projects reflect TECOM's vision of fostering sustainable growth, it said. TECOM Group has completed the acquisition of...
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Investment booming for Nizwa Industrial City
Madayn has successfully capitalised four new projects worth over US $14.2mn in H1 2024. Nizwa Industrial City has successfully capitalised four new...
