02/22/2018
Damac to experience 'cash flow pressure' in 2018, says EFG Hermes
Real estate developer expected to raise debt this year to meet refinancing obligations
Alternative Investments
02/22/2018
Turkey-based Limak Holding wins bid for construction of KIA new terminal
The team won after bidding $4.34 billion for the project, Trade Arabia notes.
02/22/2018
Property market dubai will continue downtrend 2020
The property prices have fallen by 16-19% over their peak three years ago, shows a report of the Kuwait National Bank.
02/21/2018
Saudi Sovereign Fund Seeks 15% Stake in Accor's Unit
A deal is likely to value AccorInvest at about $7.64 billion
02/21/2018
Bahrain's sovereign fund in talks to invest in SoftBank's Vision Fund: CEO
The Bahrain fund, which holds the state’s stakes in companies including Aluminium Bahrain and telecoms company Batelco, has a portfolio valued at over $10 billion.
02/20/2018
ADFG eyes private equity deals in Latin America, to launch debt fund in 2018
Investment firm eyes IPO of Etihad Reit in 3-6 months
02/20/2018
Dubai’s Investment Corp Seeks $1 Billion Refinancing
HSBC Holdings Plc, Citigroup Inc., Standard Chartered Plc, Emirates NBD and Dubai Islamic Bank were among lenders that provided the original loan.
02/20/2018
Dubai’s real estate slump to last until 2020: S&P analysts
Rents in both residential and retail markets will also remain under pressure, and hotels will be forced to accept lower average daily room rates to maintain occupancy levels, S&P said.
02/19/2018
Nasdaq Dubai launches futures on DFM General Index
The DFMGI tracks diverse companies in sectors including property, banking, telecoms, insurance and transport.
02/19/2018
Education a key driver for Middle East property investors
Knight Frank Middle East places school and university access at the heart of their pitch for Chelsea Creek
02/19/2018
Emirates REIT continues to drive the regional industry standard in FY 2017
Progress continues with the leasing of commercial space at Index Tower reflecting the growing interest and popularity of the prime asset and location with its upcoming integration into DIFC’s Gate Avenue.
02/18/2018
Oman Gas working with banks on $1 bln bridge loan -sources
One of the sources said the loan talks were at an early stage with “a lot of building blocks” still needed before it can be completed.
02/18/2018
Egypt aims to sell Eurobonds worth $3-$4bln in FY18/19- deputy finance minister to Al Arabiya
Egypt raised $4bln in a dollar-denominated Eurobond sale that closed late on Tues.
02/15/2018
Malaysian wealth fund Khazanah unit said to be in talks to sell Turkish insurer
Barclays and Khazanah declined to comment, while calls to numbers provided on Acibadem Sigorta’s website weren’t answered.
02/15/2018
Saudi Arabia's equity market is trading at attractive valuations, says BofAML
Tadawul is benefiting from government reforms, oil price hike
02/14/2018
Arqaam Capital maintains buy rating and take profit call for Mazaya
The real estate company delivered 480 apartments in 2017.
02/14/2018
Damac revenue up 4% to Dh7.5b for 2017
Damac's booked sales stood at Dh7.5 billion versus Dh7 billion in 2016. The company completed 2,304 units during the year, bringing a total of 20,236 unit deliveries to date.
02/14/2018
Iran holds 100 traders and freezes accounts in dollar crackdown
Operation to halt slide in rial viewed as signal of economic trouble
02/13/2018
Global supports Yargıcı in franchising its lifestyle retail brand into Saudi Arabia and Kuwait
The stores will feature women fashion including clothing, shoes, bags and accessories.
02/13/2018
Japanese investment on the rise in Turkey
These are only a few examples of the recent Japanese investment wave in Turkey, which is not geographically limited to the province of Manisa.