Union Properties agrees exit from the ownership of Motor City shopping centre under construction in Dubai

MoU valued at $114.3 million and was signed with a leading real estate developer in Dubai. Union Properties, the Dubai-based real estate...

Madayn eyes local and foreign investment across multiple projects

The new investment inflows targeted by Madayn are part of its Vision 2040 strategy. Oman’s Madayn has opened several industrial cities -...

Vertiv Holdings acquires E&I Engineering Group

Affiliate Powerbar Gulf also included in $1.8bn acquisition. Vertiv Holdings Co (Vertiv), a global provider of critical digital infrastructure and continuity solutions,...

Expo 2020 Dubai: At the heart of UAE’s Covid recovery

Chair of Expo 2020 Dubai committee His Highness Sheikh Ahmed bin Saeed Al Maktoum thanks firms for "choosing to be part of...

Is Dubai’s property glut a boon or bane for investors?

Madhav Dhar, co-founder and COO of ZāZEN Property Development, looks at what the oversupply in Dubai’s property market, could mean for the...

UAE property giants help drive Bahrain’s $492m tourism capital influx

Emaar and Eagle Hills make up bulk of investment as island country ranks first in MEA region for attracting investment into tourism...

China’s Baoshan signs MoU with Saudi Aramco for steel plate factory

Nonbinding MoU is one of several agreements signed by Aramco as it looks to expand industrial investment programme. Baoshan Iron and Steel...

Emaar EC eyes 33% capital hike as it looks to boost liquidity

Board of directors recommends increase of capital to $3bn ahead of shareholders’ vote on 12 September. Emaar EC, the master developer behind...

UAE targets doubling FDI in ‘next phase of growth’ as it launches 50 new projects

Economic and developmental projects will establish UAE’s regional and international status as a major economic hub. HH Sheikh Mohammed Bin Rashid Al...

SABIC JV signs $6bn agreement for Chinese petrochemical complex

SABIC to develop project in a 51:49 joint venture with Fujian Petrochemical Industrial Group. Saudi Basic Industries Corporation (SABIC) has signed an...

CIR