08/24/2017
Emirates REIT acquires European Business Centre for $35.42mln
The European Business Centre is a ground plus three storey commercial building with a net leasable area in excess of 273,164sqf.
Alternative Investments
08/24/2017
China, Saudi plan US$20 billion joint investment fund
Falih was speaking on the sidelines of an economic conference of senior officials and businessmen from the two countries in Jeddah.
08/24/2017
Saudis may seek funding in Chinese yuan
Panda bonds are yuan-denominated bonds from non-Chinese issuers which are sold within China.
08/22/2017
Turkey Firms Ready $64 Billion Spending Spree to Leave Home
The political fallout from a failed coup in July last year is hindering economic growth and making it harder for firms to operate in a market many see as saturated, cluttered with red tape and expensive for acquisitions.
08/21/2017
Jewel of the Nile: Egypt lures back investors with higher rates, quickening growth
Egypt's civil conflict isn't scaring off investors, who have flocked to the country's high interest rates.
08/21/2017
Funding squeeze hastens take-off of non-bank lending in Middle East
Many banks in the Gulf have tightened their policies on lending in the past two years as low oil prices and sluggish economic growth aggravate non-performing loans.
08/21/2017
Abu Dhabi's residential sales set for further declines, says Core Savills
Lower household income, jobs cuts and rising inflation behind recent price drops
08/20/2017
Dubai real estate market sets the pace for renewed growth in the GCC
Emirati investors ranked first with transactions worth $4.1 billion, followed by Saudi nationals who were involved in deals worth $1.1 billion.
08/20/2017
Kuwait’s real estate market liquidity up 7% in July
The commercial sector meanwhile turned in 13.7 million dinars in July, 27 percent higher than the 10.9 million registered a month earlier.
08/20/2017
Huge appetite for Oman's debt in global markets says Standard Chartered
There is strong appetite for Oman’s debt in the international markets.
08/19/2017
China’s Space Silk Road and the Middle East, Part One
It was the end of an era that pioneered globalization
08/17/2017
Merger set to create largest takaful firm
A statement earlier this month said shareholders of the two companies had already approved the merger terms and the consolidation is expected in December this year.
08/17/2017
Middle East firms face weakening working capital performance
UAE firms continue to report relatively strong liquidity
08/17/2017
Qatar Lament Gulf Trust Lost
The Saudi-led countries have also imposed sanctions including restrictions on Qatari aircraft using their airspace.
08/17/2017
Most Middle East markets up, Qatar index sinks 1.2%
Real estate developer Ezdan dropped 2.7 percent and Investment Holding Group, which had tumbled 13 percent from its initial public offer price in the past two days after listing on Monday, lost a further 3.4 percent.
08/16/2017
Gold prices in Dubai fall by more than Dh1 per gram
Today may be a good time to stock up on gold jewellery, as retail rates have just dropped
08/16/2017
Saudi Arabia plans to launch second local currency sukuk issuance next week
Saudi Arabia made its first offer of riyal-denominated sukuk, or Islamic bonds, in late July.
08/15/2017
Indian buyers overtake Arabs as biggest investors in prime London property
The Middle East slipped into third place this year, representing 21 percent of sales.
08/15/2017
Saudi to resume building mega $3.5bn Abraj Kudai hotel in Makkah
The hotel is expected to have about 10,000 rooms, 70 restaurants and several helipads when completed
08/15/2017
Dubai's Union Properties reports $624 mln loss
It did not say whether the authorities would take any action.