Cerberus buys HSBC France retail
The takeover was finalized for an undisclosed amount.Company News Business
Qatar’s foreign merchandise trade surplus $4.58 billion in Nov 2023
Doha, Qatar -- Qatar's foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus...Business
Fertiglobe revenues up 175 percent in Q3
The company expects the strong showing to continue in Q4.The adjusted EBITDA increased 257 percent to $371 million in Q3 2021 as compared to Q3 2020.
Fertiglobe will join ADNOC and ADQ as a partner in a new world-scale 1 million metric tons per annum blue ammonia project at TA’ZIZ in Ruwais.
Non-Saudis can now invest in real estate funds in two holy cities
The Capital Market Authority (CMA) of Saudi Arabia allowed the financial market institutions to accept the subscriptions of non-Saudis in...The ownership system for non-Saudis in the Kingdom stipulates that non-Saudis are allowed to own real estate for their own residence
It can happen after obtaining a license from the Ministry of Interior, and for foreign representations to own their official headquarters
Etihad Rail completes construction of UAE network’s first marine bridge
Etihad Rail has completed the construction of a rail bridge connecting Khalifa Port with the UAE National Rail Network. The...The bridge will play an important role in improving the transportation of goods in the region.
Etihad Rail recently completed construction works for Package A of Stage Two, which extends over 139 km.
Investcorp builds €1bn European real estate portfolio
Since launching its European real estate business in 2017, Investcorp has invested close to €1 billion into 80 properties across...Since launching its European realty business in 2017, Investcorp has invested €1 billion into 80 properties across the UK, Germany, The Netherlands, and Belgium
The recent industrial acquisitions comprise three multi-let and seven single-let industrial properties located in Bedford, Warrington, Stone, Gateshead, Stockton-on-Tees, etc
SoftBank posts $3.5bn loss
This is its first quarterly loss since January-March 2020.Japan's SoftBank Group has logged its first quarterly net loss in 18 months
The loss is due to the falling value of investments in its Vision Fund, including Chinese ride-hailing giant Didi Chuxing
Waha Capital reports AED 297mn profit
Net profit for the third quarter stood at AED 32 million.The company also maintained an efficient operating model, with a cost to income ratio of 24.5 percent for the trailing twelve months
The Private Investments business produced a net income of AED 1 million, with the global pandemic and market volatility impacting certain sectors within the portfolio
Colombia starts business forum at Expo 2020
The Matchmaking Forum is one of the most important commercial initiatives of ProColombia, which is being organized at Expo 2020...The Matchmaking Forum is being hosted by ProColombia from November 7 to 11
This event is expected to help companies and investors explore business partnerships
Dubai arbitration center board gets ruler nod
Sheikh Mohammed bin Rashid Al Maktoum has directed the Board of Directors of DIAC to establish Dubai as a leading...Dubai ruler Sheikh Mohammed in September ordered the formation of the DIAC
It saw the merger of the Emirates Maritime Arbitration Center and the Dubai International Financial Center Arbitration Institute
MENA marinas attract luxury yachts
The Middle East now accounts for more than 12.6 percent of the world’s luxury yachts as the services match the...Egypt's ports are notable for their capacity to accommodate a large number of yachts and for their ability to provide guests with the best nautical activities.
Sharm El-Sheikh port is one of the most significant seaports in South Sinai Governorate, serving as a hub for ships, yachts, and tourists.
Abu Dhabi Chamber discusses partnerships with Azerbaijan official
Two sides discussed the prospects of boosting trade exchange and the flow of goods between the two countries.Two sides discussed the prospects of boosting trade exchange and the flow of goods between the two countries
The countries will explore opportunities, especially in artificial intelligence, e-trade and food security as well as the fourth industrial revolution
