Dubai’s future, Sheikh Mohammed bin Rashid Al Maktoum has said, will be shaped not only by infrastructure and economic progress but by the people equipped to lead the country through a rapidly changing world. The Vice President, Prime Minister and Ruler of Dubai stressed that investing in human capital, encouraging a culture of learning and …
Saudi Arabia’s New Murabba has appointed Sabah Barakat as acting chief executive, marking another leadership change at one of the kingdom’s headline real estate developments as Riyadh recalibrates parts of its ambitious economic transformation programme. Barakat, a senior executive at the Public Investment Fund (PIF), takes over the acting CEO role from Michael Dyke, the …
Saudi Arabia’s New Murabba Names New Acting CEO as Gigaproject Faces Reset Read More »
Qatar’s office property market is proving more resilient than expected despite regional uncertainty, with long-term corporate leases and continued demand from government-linked organisations helping keep the sector stable. A recent market assessment by Cushman & Wakefield found that multi-year commitments from businesses have provided a buffer against short-term geopolitical turbulence. Government and semi-government organisations have …
Qatar’s Prime Office Market Holds Firm as Corporate Demand Stays Strong Read More »
Saudi Arabia’s logistics and industrial property markets are gaining further momentum as companies rethink supply chains, diversify operations and seek greater protection against regional disruptions, according to JLL. The Kingdom’s expanding industrial base and strategically positioned ports are helping sustain strong demand for warehouses and logistics facilities, with occupancy remaining above 90% across the key …
Saudi Arabia Cements Logistics Hub Status as Trade Routes Realign Read More »
Amali Properties has completed the sale of Villa Avatea at Amali Island, The World Islands, for AED220 million (about $60 million), placing the property among Dubai’s most notable residential transactions of 2026. The sale marks a major milestone for the Dubai-based developer, which was co-founded by Ali and Amira Sajwani, and comes as demand for …
Dubai’s Ultra-Luxury Market Lands $60 Million Deal for Private Island Villa Read More »
Oil and gold moved higher on Wednesday as fresh attacks on shipping and renewed military tensions in Asia pushed investors toward traditional safe-haven assets, while markets awaited the latest US inflation figures for clues on the Federal Reserve’s next move. US crude futures climbed 0.89% to $83.94 a barrel, while Brent crude added 0.78% to …
Oil, Gold Gain as Middle East Risks Intensify Ahead of US Inflation Data Read More »
Egypt is earmarking EGP 6 billion ($119 million) for the third round of lump-sum payments aimed at clearing export subsidy dues owed to companies for shipments made before July 1, 2024. Finance Minister Ahmed Kouchouk said exporters seeking to participate in the latest settlement round can submit applications from August 16 through October 1. Payments …
Egypt Sets Aside $119 Million for Third Round of Export Subsidy Payments Read More »
Shipping activity through the Strait of Hormuz has dropped to its lowest level in a week as operators continue to steer clear of the strategic waterway amid escalating tensions in the Middle East. Only eight vessels were recorded passing through the strait on Tuesday, according to Kpler data. The figure was well below the roughly …
Hormuz Shipping Traffic Slumps as Conflict Keeps Vessels Away Read More »
Oman’s Bank Nizwa has unveiled plans to merge with Alizz Islamic Bank in a proposed deal that would also see investment company Ominvest become a strategic shareholder in the Islamic lender. Under the preliminary proposal, Ominvest could acquire as much as a 20% stake in Bank Nizwa by subscribing to newly issued shares. The shares …
Bank Nizwa Moves to Absorb Alizz as Ominvest Lines Up 20% Stake Read More »
Dana Gas has suspended operations at the main production facilities of Iraq’s Khor Mor gas field, citing credible security threats and rising tensions across the region. The company is monitoring developments closely, a spokesperson said. Khor Mor, located in Iraq’s Kurdistan Region, is a key gas-producing facility. The shutdown comes as heightened regional instability raises …
Dana Gas Halts Khor Mor Operations as Security Risks Escalate Read More »
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