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...

Rawabi Energy closes $1.9bn syndicated deal

Scale of transaction demonstrates continuing widespread belief in solid growth of Saudi market. Rawabi Energy and its subsidiaries have announced the successful...

Middle East markets offer strong cost-to-build value

The region remains a ‘bright spot’ in an otherwise challenging global construction scenario according to Turner & Townsend. Leading Middle East markets...

Major Saudi-Chinese credit deal signed as ACWA secures portfolio funding

New RCF agreement releases $100m for up-scaling power and water generation. Acwa Power, a Saudi developer, investor, and operator of power generation,...