Emaar Properties PJSC’s $1.5 billion initial public offering of its United Arab Emirates development business received bids for the entire amount within half a day of the issue’s opening, according to Bloomberg.
Airbus SE is working with Emirates, the biggest buyer of its A380 double-decker airliner, on a follow-up deal, which would bring much-needed relief to a program that’s running out of orders as carriers pick smaller more fuel-efficient aircraft, says Bloomberg
Crown Prince Mohammed bin Salman said Saudi Arabia is in talks with some of the world’s biggest companies to develop technologies that will power life in the $500 billion city he’s planning to build on the Red Sea, reports Bloomberg
A Dubai-owned ports operator that has weathered slower global growth since the financial crisis has emerged as the Gulf’s star performer in the bond market, according to Bloomberg.
Saudi Arabia raised pricing for December oil sales to Asia in a sign the world’s largest crude exporter is confident about strong demand in its biggest market, reports Bloomberg.
It’s here that Saudi Arabia’s crown prince plans Neom, a city from scratch that will be bigger than Dubai and have more robots than humans, reports Bloomberg. Crown Prince Mohammed bin Salman envisions it as a “civilizational leap for humanity”
All incoming flights to the United States will be subject to new security screening procedures before takeoff, including both American citizens and foreigners possibly facing security interviews from airline employees, the U.S. government said Wednesday, reports Bloomberg.
Saudi Crown Prince Mohammed bin Salman announced plans to build a new city on the Red Sea coast, promising a lifestyle not available in today’s Saudi Arabia as he seeks to remake the kingdom, reports Bloomberg.
It’s not that hard to see why the flying car never became the standard mode of transportation, writes Bloomberg. For one thing, the basic technology of vertical take-off and landing — which is required in order to avoid long runways — is fairly hard
The company that helped build entire neighborhoods in Dubai plans to sell part of its business in the United Arab Emirates in an initial public offering, according to Bloomberg.