Tag: finance

Construction & Real Estate

Abu Dhabi bolsters position as global financial and AI hub

Abu Dhabi's has bolstered its position as a global financial and technology hub, supported by expanding financial services activity, strong investment inflows and sustained demand for prime office space....

Construction & Real Estate

Al Ahly Sabbour unveils its first luxury residential offering in Oman

Egyptian developer Al Ahly Sabbour Real Estate has announced the launch its first luxury residential offering in Oman as part of the Wadi Zaha development within the Sultan Haitham City. The Zaha Residence comprises a mix of studios and one- to three-bedroom apartments as well as other premium amenities. ...

Construction & Real Estate

Driven | Forbes Global Properties names new financial head

UAE-based Driven | Forbes Global Properties has appointed Emre Okay as its new Group Chief Financial Officer. An industry veteran, Okay has proven expertise spanning large-cap private equity in Europe and investment banking at UBS in New York. ...

Construction & Real Estate

DIB launches new off-plan home finance solutions in UAE

DIB, a leading Islamic bank in UAE, has launched a new off-plan home finance proposition designed to support customers purchasing freehold properties from leading developers across the UAE during the under-construction phase. ...

Construction & Real Estate

Makkah Construction and Development renews $235m credit facility

Saudi-based Makkah Construction and Development Company said it had renewed an existing SAR880 million ($235 million) shariah-compliant financing facility with Bank AlJazira. It will be used to meet liquidity requirements and fund strategic projects. ...

Construction & Real Estate

Riyadh's KAFD DMC secures $3.2bn finance facility

King Abdullah Financial District Development and Management Company (KAFD DMC), the developer and operator of Riyadh’s premier business and lifestyle destination, has secured a SAR12 billion ($3.2 billion), 15-year, senior-secured Murabaha facility, its first independently secured debt facility. ...

Construction & Real Estate

Bahrain launches international tender for Bilaj Al Jazayer Solar IPP

Bahrain's Electricity and Water Authority (EWA) has announced the launch of an international tender for the development of Bilaj Al Jazayer Solar IPP with a planned capacity of up to 100 MWac. The key solar farm is set for commercial operations in September next year. ...

Construction & Real Estate

Sustainability Forum Middle East ends on successful note

Sustainability Forum Middle East (SFME) concluded its fourth edition on a successful note in Bahrain following two days of high-level dialogue on energy transition, sustainable finance, and long-term competitiveness and climate transformation featuring more than 650 regional and global leaders. ...