09/27/2022
Dubai developer Nakheel nears $4.6bn debt restructuring to fund expansion
Government-owned property group seeks to kickstart work at stalled seafront site Palm Jebel Ali
Alternative Investments
09/27/2022
A European retreat opens the door to Middle East banks in Africa
As European and Chinese banks scale back in Africa to cut costs and redeploy capital to core markets, Middle East lenders are happily jumping in to fill the gap, buying assets and putting more boots on the ground as bilateral trade between the regions inc
09/26/2022
UAE healthcare firm Burjeel plans 11% stake sale in IPO
Final offer price will be announced on October 5
09/23/2022
UAE In-Focus — Salik raises over $1bn in oversubscribed IPO
Nutresa stake offered at $2bn by Abu Dhabi royal firm
09/23/2022
Abu Dhabi Government to showcase more than 100 innovative digital initiatives and projects at “GITEX Global 2022”
More than 30 Government and Academic Entities Gather Under One Roof to Support Digital Transformation in Abu Dhabi
09/22/2022
Marriott International to open over 20 properties across the Middle East
Marriott International’s current portfolio across the Middle East comprises 150 properties with more than 40,000 rooms across 21 brands, in 11 countries and territories
09/22/2022
Emaar Properties fully acquires Dubai Creek Harbour
Shareholders approved a motion to acquire assets from Dubai Holding and the issuance of a mandatory convertible bond
09/22/2022
Saudi Arabia's non-oil exports rose 26% to $7bln in July 2022
Oil exports rose 69% for the period
09/21/2022
Abu Dhabi TAQA’s subsidiary MIPCO secures more than $1bln in financing
The loan will be used to refinance existing debt
09/21/2022
ENOC Group announces 50% Emiratisation during Careers UAE 2022
The various energy career opportunities were revealed during ENOC’s participation at the 21st edition of Careers UAE
09/21/2022
Dubai’s property market urgently needs those new offplan projects
Readily available stock has already been bought, and sellers taking their time on others
09/20/2022
Citibank honours QIIB with ‘STP Award’
“This stems from persistent efforts being exerted whether in relation to training, qualification, and attracting expert cadres or in relation to banking technology used by the bank and keeping pace with the latest technological updates,”
09/19/2022
Oman sovereign fund woos foreign investors as part of diversification push
With the lowest GDP per capita in the GCC, Oman hopes to bolster non-oil income through economic reform
09/16/2022
Saudi ministry signs infrastructure financing deals with banks worth $6.65 billion
Saudi Arabia’s planned projects seek to highlight the Kingdom’s efforts toward economic, social, and cultural diversification in line with Vision 2030.
09/15/2022
EBRD supports green, low carbon investments in Turkey
The EBRD continues to work towards a sustainable future in Turkey by focusing on green financing in the county.
09/15/2022
US$13 billion in Gulf deposits allays some pressure on Egypt following capital flight from emerging markets
The Gulf deposits acted to bolster stocks of foreign currency that were heavily depleted over the past year.
09/14/2022
High mobility, air travel help boost oil demand in Middle East: OPEC
Strong economic activity will continue to support demand in the near future
09/14/2022
G20 told Saudi Arabia backs role of culture in efforts to promote sustainability and development
Comments, from Kingdom’s Minister of Culture Prince Badr bin Abdullah bin Farhan came during meeting of G20 culture ministers in Indonesia
09/14/2022
ADNOC Refining to complete first phase of Waste Heat Recovery Project in Ruwais
The project recycles waste heat from ADNOC Refining’s plant in Ruwais, increasing power production and thermal efficiency of the facility by around 30 per cent with no additional emissions
09/14/2022
Businesses in UAE ask for bank guarantees to counter risk from bounced cheques
More firms ask for bank guarantees to ensure safeguards against cheque defaults