Abu Dhabi sees 26.4% reduction in realty service fees in development projects
The Department of Municipalities and Transport (DMT) has revealed that service fees for real estate units’ owners and investors in…
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Dubai’s Shuaa Capital lists $100m SPAC on Nasdaq New York
Shuaa Capital, a Dubai-based asset management and investment banking platform, has priced its initial public offering (IPO) of 10,000,000 units…
Gulf markets gain; Abu Dhabi jumps over 2%
Major Gulf bourses rose for a third straight session on Tuesday as higher oil prices boosted energy stocks, although investors…
PwC reports hightlights trend in Qatar’s real estate sector
A new analysis by PwC Middle East indicates that five key factors will drive Qatar’s real estate sector in 2022…
Dubai tops 100 international cities in luxury homes price rise: Knight Frank
Luxury home prices rose at fastest rate on record with Dubai leading at 44 percent in a year, according to…
Saudi Arabia's actual budget deficit in 2021 narrows to $19.6bn
Saudi Arabia reported a narrower budget deficit for 2021 from what was previously estimated in December, Ministry of Finance showed…
Large UAE banks to attain pre-pandemic level profitability in 12-18 months: Moody’s
The profits of large UAE banks will reach pre-pandemic levels in the next 12-18 months, according to a report published…
Turkey’s banks may need capital increase, Fitch Ratings says
Capital increases may be needed at Turkish banks with fairly thin buffers or to support economic growth, Lindsey Liddell, a…
What are the implications of the UAE's monopoly on issuing Egyptian sovereign bonds?
Emirati banks' issuance of Egyptian sovereign bonds and the arrangement and provision of loans, raised several questions about the significance…
Regulating crypto assets continues to be a tough feat
The introduction of any innovative technology always comes with numerous challenges. Technological innovations such as blockchain, artificial intelligence and machine…
Egypt on green, sustainable finance map: Finance Minister
Minister of Finance Mohamed Maait said that there is a presidential mandate to expand green and sustainable financing in the…
CleanTech innovation offers opportunities for Saudi investors
Innovation is needed to achieve a net-zero future and this is something the recently launched Saudi UK Tech Hub plans…