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Binghatti $500m benchmark sukuk oversubscribed five-fold

Binghatti Holding one of the UAE s fastest growing real estate developers has successfully priced a 500 million senior unsecured sukuk under its 1.5 billion trust certificate issuance programme a transaction...

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SRC signs real estate finance portfolio purchase deal with Bank Albilad

The Saudi Real Estate Refinance Company (SRC) a PIF company has signed a real estate finance portfolio purchase agreement with Bank Albilad. The signing took place in the presence of Majid bin Abdullah...

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Mott MacDonald makes key appointments for Middle East

Mott MacDonald has appointed Rick Hopper as Managing Director of its Middle East business and Jonathan Looker as Divisional General Manager for Saudi Arabia. The changes respond to growing client demand...

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Roberto Cavalli is not for sale, Damac asserts

Damac Group has affirmed that it has no plans to sell the Roberto Cavalli business denying speculation in the press regarding this. Damac said in a statement that addressing recent speculation in the press...

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NMDC Group revenues hit $3.65bn in H1

NMDC Group a global leader in engineering procurement construction and marine dredging reported a revenue of AED13.4 billion ( 3.65 billion) for the first six months of 2025 representing a 10 percent year-on-year...

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Beyon's revenue surges 9pc in H1; net profit hits $93m

Leading Bahrain technology group Beyon has delivered solid results for the first six months of 2025 with its revenue surging by 9% to hit BD242.8 million ( 644 million) while its net profit attributable...

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DGDA in deal to boost environmental sustainability in Diriyah

Diriyah Gate Development Authority (DGDA) and the National Center for Waste Management (MWAN) signed a memorandum of understanding to enhance cooperation in waste management support environmental sustainability...

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Omrania names new landscape director for Middle East ops

Omrania part of 10N - Egis Group s global architecture collective has appointed Jon Clokie as Director of Landscape Architecture. This strategic leadership addition reinforces Omrania s commitment to delivering...

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Binghatti Holding’s $500m sukuk 5 times oversubscribed

Binghatti Holding one of the UAE s fastest growing real estate developers has priced a 500 million 5-year Senior Unsecured Sukuk under its 1.5 billion Trust Certificate Issuance Programme a transaction...

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Acwa consortium wins $3.4bn funding for Saudi power projects

Saudi utility major Acwa Power has announced that its consortium with Saudi Electricity Company (SEC) and Korea Electric Power Corporation (Kepco) has secured SAR12.8 billion ( 3.4 billion) in senior debt...

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Work starts on Oman's prime Al Ashkhara Waterfront Project

Omani authorities have announced the ground breaking of the Al Ashkhara Waterfront Project a major coastal development in the sultanate aimed at boosting tourism and economic activity in the wilayat of...

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Sikanta unveils 64-unit boutique oasis in Dubai South

Sikanta Developments one of Dubai s emerging real estate innovators has announced the launch of its flagship project Myra Residences featuring a collection of 64 premium homes nestled in the heart of Dubai...

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KACARE completes solar-powered desalination project in Riyadh

King Abdullah City for Atomic and Renewable Energy (KACARE) in collaboration with the Saudi Water Authority (SWA) has completed the development of an integrated water desalination system using solar thermal...

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UAE's non-oil foreign trade surges in H1, hits $462bn, says report

The UAE has achieved historic figures in non-oil foreign trade during the first half of 2025 with a growth rate exceeding 24.5% reported Wam citing a senior minister. Dr Thani bin Ahmed Al Zeyoudi Minister...

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EEC, Al Tahaluf ink deal for KAEC residential communities

Emaar The Economic City (EEC) the master developer of King Abdullah Economic City (KAEC) has signed an agreement with Saudi-American real estate venture Al Tahaluf for the development of two premium residential...

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Aldar first half net profit after tax rises 24% to $1.11bn

Aldar a leading developer in the region has reported a 35% increase in first half 2025 net profit before tax compared to the same period last year to AED4.7 billion ( 1.28 billion). Net profit after tax...

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