DMCC enjoys record Q1 2023

Dubai Multi Commodities Centre (DMCC) has reported its best Q1 results since its inception in 2002, with growth in traditional markets boosted...

Sustainability

OPEC Fund finances two 500MW wind farms in Uzbekistan

The OPEC Fund for International Development (OPEC Fund) and Saudi-based utility project developer Acwa Power have entered into two loan agreements worth...

Financial

Moody’s affirms A1 issuer rating for PIF

Moody's Investors Service has maintained the long- and short-term issuer ratings of Saudi Real Estate Refinance Company (SRC) at 'A2/P-1' and changed...

Financial

Emaar Properties approves $598mn cash dividends

Leading UAE developer Emaar Properties has announced that its Board has approved the distribution of cash dividends worth US $598mn to its...

Financial

Arada successfully closes $50mn second tap of sukuk

Sharjah-based developer Arada has successfully closed a $50mn second tap of its existing $450mn sukuk, which was issued last June and listed...

Financial

PIF raises US $5.5bn with second green bond

Saudi Arabia’s Public Investment Fund (PIF) has completed its second green bond issuance, which raised US $5.5bn to finance or refinance its...

Financial

GFH acquires majority stake in healthcare real estate asset manager, Big Sky

Bahrain-based GFH Financial Group has acquired a majority stake in Big Sky Asset Management, a US-based real estate asset manager focused on...

Financial

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

Saudi Arabia’s Public Investment Fund (PIF) has signed a non-binding Memorandum of Understanding with global investment company BlackRock to anchor the latter’s...

Financial