🇦🇪UAE Legal News

Dar Al Majed Real Estate Company has inked a 500 million riyal ($133.3 million) Shariah-compliant facility with Arab National Bank, marking a key step in its growth playbook. The financing spans up to five years and includes a two-year grace period, underpinned by promissory notes. The move comes alongside a separate Shariah-compliant credit arrangement with …

Dar Al Majed Secures $133 Million Shariah-Compliant Boost for Expansion Drive Read More »

Dubai-listed Unikai Foods has been approached with a cash proposal that could hand control of the company to a Kuwaiti investor. Al Wafir for Marketing Services has made a conditional offer to purchase a controlling stake in the food company, targeting anywhere between 50 per cent plus one share and a maximum of 51 per …

Kuwaiti Group Tables Majority Buyout Proposal for Dubai’s Unikai Read More »

Issuers across the Middle East and Turkey wasted little time stepping into debt markets at the start of the year, choosing speed over hesitation as global uncertainties loomed large. From sovereigns to banks and corporates, the message was clear: lock in favourable pricing now, before shifting geopolitics and macro risks redraw the cost of borrowing. …

Racing the Clock: Middle East Issuers Flood Bond Markets Before Volatility Creeps In Read More »

European carriers are keeping their distance from Iranian and Iraqi airspace, even after official restrictions were lifted, choosing longer arcs over Central Asia instead of a straight shot across the Middle East. Flight tracking data on Thursday showed aircraft operated by airlines such as Wizz Air, Lufthansa and British Airways threading routes over Afghanistan and …

Europe’s Skies Bend East as Airlines Steer Clear of Iran and Iraq Read More »

Critical Metals is planting a firm flag in the Middle East’s industrial landscape, sealing a joint venture with a Saudi-based conglomerate to build and run a rare earth processing facility inside the kingdom. The partnership brings together Critical Metals and Tariq Abdel Hadi Abdullah Al-Qahtani & Brothers Company in a 50–50 venture aimed at strengthening …

Saudi Arabia Steps Into Rare Earths With New Processing Alliance Read More »

Saudi Arabia closed 2025 with a modest uptick in price pressures, as annual inflation edged up to 2.1 percent in December, compared with 1.9 percent a year earlier. The increase was largely driven by higher living costs. Housing-related expenses — including rents, utilities, gas and other fuels — climbed 4.1 percent, continuing to be the …

Rising Rents and Services Nudge Saudi Inflation Higher at Year-End Read More »

Saudi Electricity Company is preparing to return to the debt markets, lining up a broad syndicate of regional and international banks for a potential dollar-denominated, senior unsecured sukuk. The move comes alongside a newly arranged five-year financing facility that could reach up to $1.5 billion, underscoring the utility’s active fundraising streak as it strengthens liquidity …

Saudi Power Giant Lines Up Global Lenders for Fresh Dollar Sukuk Push Read More »

An Abu Dhabi-based fintech newcomer has burst onto the regional investment scene with a funding round that turns heads well beyond the Gulf. Startup Mal has raised $230 million at the seed stage, a figure widely described as the largest of its kind across the Middle East and Africa. The capital was anchored by global …

A $230 Million Opening Act: Abu Dhabi Startup Mal Sets Its Sights on Islamic Digital Banking Read More »

Emirates NBD has stepped into the digitally native debt space with a benchmark-sized issuance, pricing a three-year, AED1 billion dirham-denominated note at a 4.25% coupon, offered at par. Investor demand came in strong. Order books crossed AED1.3 billion, even before accounting for interest from joint lead managers, signalling solid appetite for the UAE lender’s first …

Emirates NBD Taps Digital Markets With AED1 Billion Dirham Note Sale Read More »

First Abu Dhabi Bank has returned to the debt markets with confidence, sealing a $750 million five-year senior unsecured bond that drew deep global interest. The dollar-denominated note was issued under Regulation S at a fixed coupon and yield of 4.299%, priced at par. The spread was set at 60 basis points over US Treasuries, …

FAB Locks in Five-Year Dollar Funding as Demand Swells Past $2.8 Billion Read More »