Dar Al Majed seals credit facilities deal with Banque Saudi Fransi

Saudi-based Dar Al Majed Real Estate Company has announced the signing of an addendum to the credit facilities agreement previously established with...

Financial

Red Sea Global secures $1.73bn funding for AMAALA

Developer Red Sea Global (RSG) has secured a US $1.73bn credit facility specifically designed for the development of AMAALA. The funding initiative...

Financial

Sobha Realty raises $2.1bn with green sukuk

Sobha Realty has announced the successful issue of its inaugural US $750mn green sukuk. The largest transaction in the company's history -...

Property

Palm Jumeirah and Jumeirah Bay Island remain top choices for UHNWIs

Palm Jumeirah and Jumeirah Bay Island are the top choices for ultra-high-net-worth individuals (UHNWIs) in Dubai, accounting for a substantial 48% of...

Financial

NMDC reports outstanding growth for H1 2024

Abu Dhabi-based NMDC Group, a specialist in engineering, procurement, construction, and marine dredging, has recorded strong results for H1 2024, with a...

Financial

ACWA Power sells stake in IWSPP for $225mn

Acwa Power has said it has reached an agreement to sell 30% of its stake in the Rabigh Arabian Water & Electricity...

Infrastructure

EBRD to loan $255mn for construction of key road project in Armenia

A US $255mn loan has been approved by the European Bank for Reconstruction and Development (EBRD) for the construction of the southern...

Financial

Government commits new capital to RAK Properties

At its Annual General Meeting, RAK Properties, Ras Al Khaimah’s publicly-listed property developer, approved an increase in its capital by US $250mn...