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investment
Hospitality & Tourism
Diriyah project attracts $6 billion in private sector investments
Company to break ground on 11 new assets by the end of 2024
Real Estate
Aldar Properties awards $6 billion development contracts in 2023
Significant investments to boost Abu Dhabi's development
Hospitality & Tourism
Rua Al Madinah secures contracts worth over $79 million to drive hospitality industry forward
Deals were signed during PIF Private Sector Forum
Real Estate
DLD sets record with 1.6 million transactions in 2023
Dubai's real estate sector thrives spurred by ambitious goals and increased investor confidence
Saudi Arabia
PIF Private Sector Forum: stc Group signs raft of strategic agreements to enhance local content
Agreements align with the objectives outlined in Vision 2030
Markets
Saudi Arabia’s traded shares exceed $52 billion in January
Despite global uncertainties, Saudi stock indexes reflect stability and growth
Economy
Saudi Arabia’s PIF attracted over $25 billion worth of investments in three years
New Contractor Financing Program launched
Bahrain
Bahrain’s $2 billion sukuk and bond issuance reaps over $14 billion windfall
Strong investor demand enabled the kingdom to tighten pricing by lowering yields
Industry
Saudi Arabia launches National Automotive and Vehicles Academy, establishes Automotive Manufacturers Association
Training program to produce qualified staff for local car manufacturing companies
Energy
Duqm refinery, a $9 billion joint venture between Oman and Kuwait to launch tomorrow
New refinery boasts a daily refining capacity of 230,000 barrels of crude oil
Banking & Finance
EFG Hermes concludes advisory on Kazyon’s acquisition of 50 percent stake Dukan in Saudi Arabia
Following collaboration in Kazyon's $76.5 million capital raise/private placement in 2014
Economy
Saudi Arabia achieves $16 billion budget surplus in Q4 2023
Due to 40.7 percent YoY decline in government expenditures
Economy
Saudi Arabia’s PIF launches today second private sector forum, unveiling new local business opportunities
Event aims to cultivate partnerships between PIF, its portfolio companies, and the private sector
Markets
MENA IPO market soars with 48 IPOs in 2023, reaping $10.7 billion
Energy and logistics sectors lead as MENA continues to attract global investments
Banking & Finance
ADGM embarks on international roadshow as investor interest rises
Cementing Abu Dhabi's position as a leading international financial center
Economy
CBE launches $1 billion treasury bills
One-year treasury bills aim to attract investors despite rising global rates
Economy
SEF 2024: Invest in Sharjah, SAEED highlight Sharjah’s investment opportunities
Two key players share a joint commitment to empower startups and entrepreneurs
Real Estate
Dubai real estate market records over $9.6 billion in sales in January 2024
Market experienced a YoY growth of 17 percent in recorded sales transactions
Markets
DFM gains $1.91 billion, records its highest levels since April 2015
Leading banking and real estate stocks support the growth of UAE’s financial markets
Industry
Alat: Saudi Arabia’s Crown Prince launches new company with projected $9.3 billion GDP impact by 2030
New company to help turn Kingdom into electronics, advanced industries hub
Banking & Finance
Julius Baer to exit private debt business following $689 million Signa losses
Annual profits plummeted 52 percent
Energy
QatarEnergy expands production in largest oil field with $6 billion contracts
Developing 550+ barrels of oil in 5 years
Banking & Finance
GCC banks to prove resilient in 2024 amid geo-economic challenges: S&P Global
Robust capitalization and profitability to uphold GCC banks, despite emerging risks
Markets
Aramco: Saudi Arabia considering a $10 billion share sale
As soon as February
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