Business & Money | Tuesday 28 May, 2024 10:51 am

Investor confidence on the surge in GCC’s healthcare market which is slated to reach USD 135 billion by 2027: JLL

JLL, a leading professional services firm specialised in real estate, investment management, and development consultancy services, has highlighted that as governments in the Middle East push for increased localisation to attain self-sustainability in the healthcare sector, the heightened investor...

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Business & Money | Tuesday 28 May, 2024 10:48 am

DIFC Publishes Regional Outlook for Banking and Capital Markets.

 Dubai International Financial Centre (DIFC), the leading global financial centre in the MEASA region, has published a ‘Regional Outlook for Banking and Capital Markets’ report in partnership with LSEG Data & Analytics.  The report focuses on how regional IPO growth is...

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Business & Money | Tuesday 28 May, 2024 10:27 am

World-first earth-built property now open in AlUla, Saudi Arabia

The Dar Tantora The House Hotel, AlUla Old Town, Saudi Arabia is officially open for bookings now.  Operated by Kerten Hospitality, this unique 30-room boutique eco-community, designed in collaboration with Egyptian Architect Shahira Fahmy sits in the heart of AlUla’s Old Town - a...

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Business & Money | Tuesday 28 May, 2024 9:47 am

SRC Extends its Refinancing Agreement with arab national bank (anb) with an Additional SAR 500 million

The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund (PIF) company, has extended its refinancing agreement with arab national bank (anb) with an additional SAR 500 million. This is the second refinancing agreement between both entities.  The agreement was signed by...

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Business & Money | Tuesday 28 May, 2024 8:28 am

Saudi Arabia starts sale of 3-tranche sukuk: Report

Saudi Arabia started selling Shariah-compliant sukuks, divided into three tranches with tenors of three years, six years, and 10 years, Reuters reported citing IFR news service.   Initial guidance was placed around 85 basis points (bps) over US Treasuries (UST) for the three-year...

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Business & Money | Tuesday 28 May, 2024 7:26 am

ADNOC boosts local manufacturing target to AED90 billion by 2030

ADNOC announced today at the “Make it in the Emirates” forum an increase in its local manufacturing target for critical industrial products in its procurement pipeline to AED90 billion (US$24.5 billion) by 2030 to propel UAE’s economic diversification, strengthen the industrial sector and...

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Business & Money | Tuesday 28 May, 2024 6:02 am

Aramco interested in buying minority stake in Repsol's renewable unit: Report

Saudi Aramco showed interest in acquiring a minority stake in the renewable unit of Spanish oil company Repsol, Reuters reported, citing two people familiar with the matter. Repsol has opened its renewable projects to investors willing to take minority stakes in portfolios of wind farms and...

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Business & Money | Monday 27 May, 2024 2:08 am

Top 17 companies in Investment Readiness Acceleration Programme for Women Entrepreneurs announced

The Ministry of Economy and the European Women's Association (EWA) today announced the names of the top 17 companies in the Investment Readiness Acceleration Programme, launched in March 2024. The "Investment Readiness Acceleration Programme for Women Entrepreneurs" aims to support the growth...

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Business & Money | Monday 27 May, 2024 1:51 am

NEW MURABBA'S ICONIC MUKAAB OPENS PARTNERSHIP DOORS TO WORLD-CLASS CONTRACTORS

The New Murabba Development Company – Owned by Public Investment Funds, is inviting the world’s leading contractors to take part in bringing its groundbreaking Mukaab to reality. An icon and cornerstone of Riyadh's New Murabba mixed-use development, the Mukaab will feature the latest immersive...

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Business & Money | Monday 27 May, 2024 1:44 am

Aramco plans sale of nearly $10B shares: Report

Saudi Arabia is planning a $10 billion share sale in Aramco, Reuters reported.The share sale is expected to take place as soon as June in what would be one of the region's biggest stock deals.The preparations are ongoing and the details could still change, two sources said. ...

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