UAE is ranked 4th globally for renewables FDI

2022 saw funding of $36bn for sustainable energy projects from 170 nations. In 2022, the UAE successfully attracted nearly US $36bn in...

ACWA Power achieves financial close for ten projects worth over US $14bn

The firm currently has 75 assets in various stages of development and in operation, in geographies including the Middle East, Africa, Central...

Successful Q2 for Abu Dhabi’s construction sector says authorities

19.1% growth is the biggest quarterly addition since 2014, exceeding $6.8bn. In Q2 2023, Abu Dhabi saw exceptional growth in the construction...

AMEA Power achieves financial close on US $86mn solar PV project in Tunisia

The government of Tunisia said that it aims to increase the share of renewable energy in its energy mix to 35% by...

Financial specialist Alantra opens office in DIFC

Spanish firm can play a major role in fostering trade and investment opportunities across real estate, healthcare and maritime sectors. Alantra, an...

UAE Central Bank budget reaches record levels in H1

Levels surge by more than 32% year-on-year and represent largest sums ever recorded. The Central Bank of the UAE's public budget reached...

Emaar Properties delivers strong H1 performance

Net profit group-wide grows by 15% with property sales exceeding $5.4bn and mall occupancy at 96%. Emaar Properties has announced first half...

SFD inks US $75mn deal to rebuild hospital in Saint Lucia

The agreement is part of the SFD’s efforts to support sustainable development. A loan agreement worth US $75mn has been signed by...

RAK Properties triples H1 profit in 2023

Strong first half-year for developer, as intense demand drives revenues to $140mn. RAK Properties has recorded solid growth for the first half...

Non-oil activities have greater role in Saudi Arabia economy

Figures for Q2 2023 show some decrease in oil income but strong performance in diversified sectors. The real GDP of Saudi Arabia...

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