Arabian Gulf Business Insight on MSN1h
UAE to fund new luxury hotel near Egypt’s pyramids
The UAE will back the development of a five-star hotel near the pyramids in Giza outside Cairo, the capital, to support Egypt’s tourism, state-run Wam news agency reported. State-backed Abu Dhabi Fund ...
Arabian Gulf Business Insight on MSN21h
Aldar’s green sukuk seven times oversubscribed
Aldar Properties said the $500 million sukuk (Islamic bond) issued by its subsidiary was oversubscribed more than seven times. The sukuk order book of Aldar Investment Properties reached $3.6 billion, ...
Arabian Gulf Business Insight on MSN21h
Diriyah secures $1.6bn loan to back cultural destination
Wadi Safar is intended as an “exclusive residential development”, a statement read, “that will feature a selection of ultra-luxury hospitality, sports and leisure, and retail assets”. It lies just ...
Arabian Gulf Business Insight on MSN1d
Aramco Venture invests in global climate tech startups
The venture capital arm of state-controlled Saudi Aramco, the world’s largest listed oil major, has invested in two climate tech startups. Aramco Ventures has invested in Germany’s Ucaneo, which is ...
Arabian Gulf Business Insight on MSN1d
E-hailing boosts Dubai’s luxury transport sector
Trips in Dubai’s upmarket transport sector, mainly limousines, rose by nearly half last year, driven by increasing app usage, the state-run Wam news agency reported, citing the emirate’s Roads and ...
Arabian Gulf Business Insight on MSN2d
IMF releases fourth tranche of loan to Egypt
The International Monetary Fund (IMF) has approved the release of funds to Egypt following the fourth review of an emergency loan progamme but has warned the government that “more decisive ...
Arabian Gulf Business Insight on MSN3d
PIF launches Saudi Arabia’s first duty-free retailer
The Public Investment Fund (PIF) has launched Saudi Arabia’s first duty-free operator as the kingdom targets 150 million annual visitors by the end of the decade, according to a statement. Al Waha ...
Arabian Gulf Business Insight on MSN3d
AirAsia raises $226m but stays quiet on PIF
The parent company of Malaysian budget airline AirAsia has raised 1 billion ringgit ($226 million) to complete its reorganisation plan, according to a news report. “We have a 1 billion (ringgit) ...
As sought by the solicitor general, the bench granted more time to the Centre to place on record its decision on deporting ...
Dr. Pramod S Chinder is known for never turning away anyone in need of treatment. He goes beyond merely providing medical ...
Iron ore mining in Goa, halted since 2018, is expected to resume within six months, says Union Minister G Kishan Reddy. This ...
A Virat Kohli fan in Pakistan went out of his way to show his love for the India star as he printed his name and jersey number on his bike. Kohli recently scored a century against Pakistan in the ...