Hurghada

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.

  • PickAlbatros has a portfolio of about 10,000 rooms across the Red Sea resort towns Vantage Capital partner David Kornik expects international beach tourism to pick up Vantage Capital, Africa’s largest mezzanine fund manager, announced Tuesday that it has provided $23 million of mezzanine debt funding to PickAlbatros Hotels. The proceeds...