Arada closes $100mn tap of Sukuk issuance

Developer Arada has successfully closed a US $100mn tap of its existing $350mn sukuk, which was issued in June and listed on...

Financial

Union Properties announces completion of $162mn debt restructure

Union Properties has announced the successful completion of a US $162mn debt restructuring, which includes the repayment of $60.7mn to lenders, as...

Property

Emaar buys out Dubai Holding stake in Dubai Creek Harbour for $2.04bn

Developer Emaar Properties has announced that it will fully acquire the Dubai Creek Harbour development from Dubai Holding for $2.04bn. The announcement...

Property

Houlihan Lokey secures funding for SPIPD’s Imperial Avenue project in Downtown Dubai

Global investment bank Houlihan Lokey has announced it has secured funding for Shapoorji Pallonji International Property Developers (SPIPD) to finance the completion...

Consultant

SAMA announces amendment articles of implementing regulations of finance laws

The Saudi Central Bank (SAMA) has amended several articles of the Implementing Regulations of the Finance Laws in Saudi Arabia. According to...

Construction

ADFD announces opening of bridge in key Somaliland corridor

The first bridge built as part of the Berbera-Hargeisa corridor project in Somaliland has been inaugurated according to the Abu Dhabi Fund...

Construction

$2bn of Saudi-based Azmeel’s debt restructured says Deloitte

Azmeel Contracting & Construction Corporation said Deloitte was its restructuring advisor and worked to prepare a business plan, a restructuring proposal compliant...

Construction

Dubai unveils $1.03bn in new housing projects for citizens

Housing projects worth $1.03bn have been announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler...

Consultant

Dubai’s Department of Finance announces $6.8bn worth of new PPP projects

More than $6.8bn of public-private partnership (PPP) projects have been announced by the Government of Dubai’s Department of Finance (DoF). The projects...