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.
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.
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”
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.
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.
Hussain Sajwani wants the world to know he’s Donald Trump’s man in the Middle East. From his perch in Dubai, the billionaire real-estate mogul is busy working to strengthen — and promote — his relationship with the Trump Organization. And he’s making no apologies, whatever critics might say about potential conflicts for America’s first family, reports Bloomberg.
The retail-investor driven rally that’s made Damac Properties Dubai Co. PJSC the emirate’s best-performing stock this year may be over for now, at least one technical indicator suggests, according to Bloomberg.
Investors who bought contracts that entitle them to participate in Dubai construction company Arabtec Holding PJSC’s rights issue were left with a 33 percent loss at the end of the security’s single week of trading, reports Bloomberg.
Dubai’s gross domestic product will likely accelerate this year at a faster pace than most Arab economies, bolstered by local spending and a pick-up in global trade, the International Monetary Fund said on Tuesday, according to Bloomberg.