SRC issued $933 million sukuk to boost real estate market liquidity.
Saudi Real Estate Refinance Company (SRC) has made a significant stride in enhancing liquidity within the Kingdom’s real estate market.
UAE’s Mirfa 2 RO plant achieves financial closure, raises $620m.
Abu Dhabi’s Mirfa 2 water desalination project has achieved financial closure after securing a funding of 2.3 billion dirhams ($620 million).
Amazon doubles storage capacity in Saudi Arabia with new Riyadh facility.
In a move aimed at expanding its presence and enhancing selling opportunities for small and medium-sized businesses (SMBs), Amazon has launched a new fulfillment center in Riyadh, Saudi Arabia.
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The UAE minister highlights the pivotal role of EVs in achieving sustainable and eco-friendly transportation.
Electric vehicles (EVs) are positioned to take center stage in the shift towards sustainable and environmentally friendly transportation, as nations strive to achieve net-zero emissions targets.
Red Sea Global is exploring potential strategic partnership opportunities in Egypt.
Red Sea Global, a Saudi Arabian company owned by the Kingdom’s Public Investment Fund, recently organized its second promotional procurement exhibition in Cairo, Egypt.
Dana Gas, based in the UAE, has increased its foreign ownership limit to 100%, according to recent news.
The United Arab Emirates (UAE) is taking significant strides towards fortifying its capital markets as Sharjah-based energy company Dana Gas plans to raise its foreign ownership limit to 100 percent.
According to the GASTAT, the education sector witnessed a significant increase in internet usage, with a reported rate of 98% in 2022.
Saudi Arabia’s establishments are rapidly adopting information technology, with education and manufacturing activities leading the way in internet usage, registering rates of 98.6 percent and 97.6 percent, respectively, last year. These findings were revealed in the 2022 Survey of Information and Communication Technology Access and Usage by Establishments conducted by the General Authority for Statistics […]
In 2022 FDI from the UAE into India witnessed a significant surge, reaching Dh56.5 billion.
Foreign direct investment from the UAE to India totalled Dh56.5 billion by the end of 2022 as both countries step up efforts to establish mechanisms that will increase the volume of mutual investments and diversify them into new sectors, Abdulla bin Touq Al Mari, UAE Minister of Economy, said.
The UAE’s FDI to India was mainly in renewable energy and telecommunications, roads infrastructure, real estate, and start-ups, while Indian FDI in the UAE rose to Dh30 billion in 2020, Al Mari said during his meeting with Piyush Goyal, Indian Minister of Commerce, Industry, Consumer Affairs, Food & Public Distribution and Textiles.
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The UAE minister said that the UAE-India relations have evolved into an exceptional model of bilateral cooperation and fruitful partnership aimed at promoting sustainable development, economic welfare, and the steady prosperity of their people.