US sanctions Hong Kong, UAE firms over Houthi support
The move comes hours after US and UK forces launched strikes against the Houthi rebels, seeking to halt their repeated...Business Geostrategy
Oil prices rise after US, UK strike Houthi rebels
Oil prices surged four percent after US and UK forces launched strikes against Iran-backed Houthi rebels after attacks on ships...Business Economy Energy Geostrategy
Kuwait’s shopping mall, the Avenues, to open in Saudi Arabia
The largest shopping mall brand in Kuwait, the Avenues, is all set to venture into Saudi Arabia with the opening...It will launch the outlets in Riyadh and Alkhobar
The design for Riyadh is now complete and the contract is expected to be awarded soon
Q3 real estate transactions worth $1.55 billion recorded in Sharjah
Real estate transactions worth AED5.7 billion ($1.55 billion) were recorded in Sharjah during the third quarter of 2021, an increase...A total of 1,662 sales transactions were recorded during Q3 2021, showing an increase of 52.5 percent compared to the same period last year.
About 76 percent (1,262) of the sales transactions were made in the residential sector, followed by industrial sector (206), commercial (152) and agricultural (42).
Expo 2020 receives 3m visits in first five weeks
It has just been a little more than a month and Expo 2020 has received some three million visits, since...Organizers also said that the number of virtual visits to the Expo 2020 Dubai’s online platform has reached 14.8 million since October 1
Ticket sales for the fair have been beefed up to increase traffic to the fair
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
