07/25/2022
Dubai billionaire to build Africa’s tallest building in Zimbabwe
The $500mln Zim Cyber City is a mixed-use hi-tech park on the outskirts of Harare being developed by UAE-based Mulk International
Alternative Investments
07/25/2022
Markaz report forecasts positive outlook for Kuwait real estate sector after modest rebound in H1 2022
On the back of high oil prices and recovery in non-oil activity that signal sustained acceleration in national economy despite rising inflation
07/25/2022
Abu Dhabi records over AED 22.5bln total of real estate transactions in first half of 2022
Confidence among investors indicates the market's attractiveness and a sustainable growth trajectory
07/25/2022
EFG Hermes successfully concludes advisory on Orascom Development Egypt’s flagship project “O West” EGP1.5bln financing
The financing of O West will help accelerate the construction of the launched phases allowing it to commence unit deliveries in Q1 2023
07/22/2022
Luxury stores hold premium space in Middle East retail sector
The Kingdom is on top of the agenda for many brands.
07/22/2022
Kuwait sovereign wealth fund fires head of London office
Saleh al-Ateeqi’s tenure at secretive investor characterised by high staff turnover and legal battles with former employees
07/22/2022
Watch: On gold imports, UAE to bring tough rules on sourcing
Effective Jan. 2023, rules outline what related businesses need to do on gold shipments
07/22/2022
Prince Alwaleed's Kingdom Holding invests $268m in Europe's M&G
Riyadh company is focusing on investments in 'global market leaders'
07/21/2022
Saudi Arabia leads GCC with 77% growth in project contract awards in Q2
MEED previously reported that three out of the ten big projects awarded in the Kingdom were for the NEOM project.
07/21/2022
Moody’s expects Saudi economy to grow an average of 3.9% for next four years
Some of the challenges faced by Saudi Arabia include its high economic and fiscal exposure to declines in global oil demand and prices, longer-term risks stemming from the global carbon transition and challenges posed by elevated unemployment, the report
07/21/2022
National Bank of Kuwait reports net profit of KD 237.8mln for the first half of 2022
NBK continued its growth momentum buoyed by the economic recovery and normalization of business activities
07/20/2022
Saudi Arabia embracing a more sustainable industrial development
The 4th industrial revolution will however come at a hefty price, if not sustainably managed, since today’s supercharged pace of industrial production is coupled with a drainage of resources and rising emission levels.
07/20/2022
The commercial real estate market witnessed 89% growth in sales for H1 2022
Reflecting the confidence in the market by businesses, investors, and all stakeholders
07/20/2022
Venture Capital investments in Saudi Arabia up 244% during H1 2022
To a record-high of SAR 2.19 billion
07/19/2022
Middle East investors revisiting asset allocation amid inflation concerns
Inflation is surging, global growth is slowing and geopolitical tensions are rising.
07/18/2022
Saudi Arabia is among the highest performing venture capital markets in the region in 2022
Nama Ventures has been an active investor in startups worldwide and is currently focusing on tech-based early-stage ventures.
07/18/2022
Egyptian real estate group MNHD urges SODIC to revise takeover offer
MNHD's board said it was prepared to restart work to conclude a deal if SODIC put forward an offer matching its fair value
07/18/2022
Kuwait Zain's Q2 net profit rises 22% to $165mln; beats estimate
Declares H1 dividend of 10 fils per share
07/14/2022
Dubai real-estate sales strong in Q2 2022, US Fed rate increases may hamper mortgage growth
Most loan takers opted for a fixed-rate structure to prevent future anticipated rate hikes that may be imposed to curb rising global inflation
07/14/2022
Bahrain national product exports jump 43% to $3.59bln in Q2
The top 10 countries in terms of the value of exports of national origin purchased from Bahrain accounted for 71% of the total value