Tanzania plans 50km long bridge to boost Zanzibar islands’ economy

Plans to build the largest bridge in Africa have been unveiled by Tanzania. The 50km structure will connect the mainland to the...

Property

Abu Dhabi releases housing benefits worth US $746mn

The Abu Dhabi Executive Council has approved the disbursement of housing benefits worth a total of US $746mn to 1,800 Emirati citizens...

Financial

$344.5mn in financing for electric express train project in Egypt green-lit by IsDB

Projects worth US $403mn have been approved by the Islamic Development Bank (IsDB) in its member countries including Egypt, Kyrgyzstan and Tajikistan...

Financial

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

Mall and leisure specialist Majid Al Futtaim has inked its second sustainability-linked loan (SLL), which has been structured as a US $1.25bn...

Financial

Nakheel secures $4.6bn in strategic financing

UAE-based developer Nakheel has secured US $4.6bn in strategic financing – refinancing an initial $3bn and agreeing additional funds of $1.63bn –...

Construction

Bank Nizwa signs $650mn agreement with Palm Beach for Al Nakheel project

Bank Nizwa has signed a US $650mn agreement with Palm Beach for the Al Nakheel Project, an integrated tourism complex that will...

Infrastructure

UAE’s Masdar backs flagship Azerbaijan project with $21.4m financing

Masdar Azerbaijan Energy LLC (MAE) has signed a $21.4mn loan agreement with the Asian Development Bank (ADB) to finance its 230MW Garadagh...

Property

DGDA signs agreement with Al Rajhi Bank to provide financing options to customers

The Diriyah Gate Development Authority (DGDA) has announced the signing of a deal with Al Rajhi Bank, a leading financial group in...

Construction

TDF to finance development of Nobu complex in Eastern Province of KSA

Saudi Arabia’s Tourism Development Fund (TDF) signed a financing agreement with Rimal AlKhobar Real Estate Company to develop the first Nobu complex...