investment

Key trends shaping Abu Dhabi’s property market in Q3 2024

Al Reef, Al Ghadeer, and Masdar City emerged as key locations among those looking to purchase affordable apartments in Abu Dhabi

Dubai real estate trends: Most popular areas to buy and rent property in Q3 2024

Dubai recorded an 11.19 percent increase in total sales transaction volume compared to Q2 2024

Sharjah Islamic Bank profit before tax up 29 percent to $270.1 million for nine months ending September

The bank is diversifying its financing portfolio, with total customer financing at AED36.6 billion

U.S.-UAE Business Council delegation visits Ras Al Khaimah to discuss growing trade, cooperation

Meeting explored ways to further strengthen cooperation and strategic partnerships across key sectors

Oman’s OQEP raises $2 billion in IPO

Global institutional support in the Category I offering exceeded OMR1.0 billion (excluding anchors)

ADNH Catering raises $235.2 million in IPO

ADNH Catering offered 900 million shares, or 40 percent of its capital 

Sheikh Maktoum seeks stronger ties across key sectors at GCC-European Union Summit

In 2023, the EU became the second-largest trading partner of the GCC region, with total trade reaching €170 billion

Nakheel awards $1.36 billion in contracts for luxury villa construction on Palm Jebel Ali

Luxury villas feature expansive built-up areas ranging from 8,000 to 15,000 square feet

ADQ, Bank Audi sign definitive agreement to acquire 96 percent of Odea Bank

This move would accelerate Odeabank’s growth and drive tech advancements in financial services

Masdar, Iberdrola complete wind turbine installation at Germany’s Baltic Eagle offshore wind farm

By 2026, Iberdrola's Baltic Hub will have a total capacity of more than 1.1 GW and trigger investments of around €3.7 billion

DP World secures 47,000 TEUs to enhance capacity and customer experience

This acquisition reflects its dedication to offering customers dependable and efficient equipment

Middle East sustainable bond issuances hit $16.7 billion in first nine months of 2024: S&P

Total volume of sustainable sukuk globally reached $7.1 billion in the first nine months of 2024, down 11 percent year-on-year

Expand North Star 2024 draws 65 unicorns valued at $400 billion

CEOs of unicorns noted that Dubai is an ideal gateway for launching global digital initiatives

Khazna to build MENA region’s first AI-optimized data center in Ajman, largest in UAE

Khazna’s latest 100k SQM facility features 20 data halls each with 5MW capacity

Microsoft’s cloud ecosystem to add $74.4 billion to UAE economy, create over 150,000 new jobs: Report

The Microsoft ecosystem will be responsible for adding over 41,800 new skilled IT jobs into the UAE economy

Abu Dhabi’s Masdar, Presight forge partnership to create AI-driven asset management tool

Masdar aims to digitize its global operations, transitioning from a reactive to a predictive model

AWS and e& sign $1 billion agreement to enhance cloud solutions, support AI for digital transformation

The focus will be on cloud services like storage, computing, networking, cybersecurity, and AI/ML advancements

RAK Properties collaborates with Commercial Bank of Dubai on $544.5 million financing agreement

The funding will support RAK Properties' projects, including luxury hotels and residential communities in Mina Al Arab

Expand North Star 2024: Dubai Chamber of Digital Economy highlights emirate’s business environment advantages

The emirate is fostering digital companies, boosting its reputation as a global digital economy capital

Gitex Global 2024: Khalifa Fund launches AI platform to enhance operational efficiency, transform public services

The platform aims to improve government solutions for better service delivery and adaptability

Saudi Arabia, Egypt ink maritime connectivity agreement to enhance passenger transport and expertise exchange

The collaboration areas include yacht and marine passenger transport, plus passenger ferries

Gitex Global 2024: Saudi pavilion showcases 40 tech companies

The participation highlights Kingdom's dedication to enhancing the global footprint of its businesses