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Al Mal Capital REIT announces final dividend for FY 2024Al Mal Capital REIT, the first real estate investment trust managed by Al Mal Capital, a diversified, multi-line investment company and a subsidiary of Dubai Investments, has delivered yet another strong financial performance for FY 2024, setting the final dividend at AED20.5 million ($5.6 mi More… |
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Telr wins Retail Payment Services Licence in UAETelr, an award-winning leader in digital payments across MENA, has secured a Retail Payment Services License (RPS) by the Central Bank of the UAE, marking a transformative milestone in its mission to drive financial innovation and seamless digital transactions. More… |
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Bapco Energies completes $1bn Reg S sukuk issuanceBapco Energies, the integrated company leading the energy transition in the Kingdom of Bahrain, has successfully completed a landmark $1 billion Reg S Sukuk issuance with a concurrent capped tender offer for up to 25% of its outstanding $1 billion 7.5% Notes due 2027, thus reinforcing its com More… |
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GCC construction booming; but hidden rework costs looming largeThe construction sector in the GCC is undergoing rapid transformation, driven by large-scale infrastructure, real estate and commercial projects. And with billions of dollars invested in smart cities, transport networks, and urban developments, efficiency and More… |
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IndusInd International completes $1.17bn Reliance Capital acquisitionIndusInd International Holdings (IIHL), which has a significant shareholding from the UAE out of the 600 plus globally dispersed Ultra HNWI stakeholders, today said it has completed the acquisition of Anil Ambani’s Reliance Capital (RCAP) at $1.17 billion, strengthening its resolve for More… |
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GII Saudi Arabia plans to double its US investmentsGulf Islamic Investments group (GII) plans a significant expansion of its US assets, aiming to double its existing portfolio of $750 million through GII Saudi Arabia in the next four years. The successful public offering of an allocation of zSpace’ More… |
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GCC economy to stay strong amid uncertain global outlookThe GCC economy is expected to show resilience in the face of rising global protectionism and geopolitical tensions, according to the latest ICAEW Economic Insight report prepared by Oxford Economics. Despite the uncertain global outlook, the report fore More… |
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Bahrain non-oil exports up in JanuaryThe total value of Bahrain’s non-oil exports (national origin) increased slightly by 0.3% to reach BD351 million ($931.6 millon) during January 2025, compared to BD350 million for same month in 2024. The top 10 countries in exports accounted for 74 More… |
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Global Partners awards contract for Dubai Water Canal projectGlobal Partners Limited, a DFSA-regulated institutional fund manager specialising in alternative investments, has signed up Dubai Contracting Company (DCC) for its premium project - Eden House The Park, featuring one- to four-bedroom apartments and penthouses set within a vibrant, walkable en More… |
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Entaj lists shares on Saudi Exchange after IPOArabian Company for Agricultural and Industrial Investment (Entaj), one of the leading poultry brands in Saudi Arabia, announced today the listing of its shares on the main market of the Saudi Exchange. This follows the successful completion of its initial pub More… |
