Sheikh Mohammed bin Rashid launches the Dubai Economic Agenda ‘D33’

The agenda outlines economic targets of US $8.71tn over the next 10 years as well as the rollout of several other key...

AMF: Construction sector worth $187bn to regional recovery with KSA leading the way

Latest round-up of 2021 figures shows the industry now buoyant after Pandemic:: Saudi Arabia accounts for more than a quarter of region...

Dubai unveils $56bn budget for 2023-2025 fiscal cycle

The financial plan for the next three years shows the government's commitment to providing the highest economic stability and stimulating growth. His...

Majid Al Futtaim secures sustainability-linked loan for $1.25bn

The facility is said to position the organisation as the largest SLL borrower in the Middle East. Mall and leisure specialist Majid...

Saudi Arabia’s PIF and BlackRock sign MoU to jointly explore Middle East infrastructure projects

The target projects are across a range of sectors including energy, power, utilities, water, environment, transportation, telecommunications, and social infrastructure. Saudi Arabia’s...

Emaar Development records highest-ever property sales of $6.31bn in first three quarters of 2022

The company said it had successfully launched twenty projects in various master plans during the first nine months of 2022. Developer Emaar...

Dubai Investments enjoys 227% growth in net profit

The exceptional results are said to be due to a highly-organised divestment strategy unlocking massive value. Dubai Investments PJSC has reported net...

JODC registers 407% increase in revenue in Q3 2022

A notable development during the period was the company’s successful close of the Alinma Fund debt-to-equity transaction, the company said. Saudi-based developer...

Nakheel secures $4.6bn in strategic financing

A spokesperson said that the transactions will further strengthen Nakheel’s financial position and reflect the confidence of banking institutions in the new...