UAE, Saudi hotel sector set to bounce back; RAK bookings hit record

October 27, 2020     /

UAE, Saudi hotel sector set to bounce back; RAK bookings hit record The northern emirate has seen demand from domestic…

Tuesday Outlook: Gold prices rise supported by weaker dollar; Asian shares dip

October 27, 2020     /

Tuesday Outlook: Gold prices rise supported by weaker dollar; Asian shares dip Slow progress on a U.S. stimulus deal hits…

Dubai free economic zone open for international business without initial investment

October 26, 2020     /

Dubai free economic zone open for international business without initial investment The Dubai Multi-Commodities Centre offer is valid until December…

Saudi’s Alandalus Property Company sells land for $11.6mln

October 26, 2020     /

Saudi’s Alandalus Property Company sells land for $11.6mln 10,000sqm plot sold to real estate investment traded fund Alahli REIT Fund…

UAE’s ADNOC awards $324mln contracts to increase efficiency of assets

October 26, 2020     /

UAE’s ADNOC awards $324mln contracts to increase efficiency of assets The contracts were awarded to Galfar Engineering and Contracting (WLL…

Dubai developer Union Properties pays off $19mln of debt

October 26, 2020     /

Dubai developer Union Properties pays off $19mln of debt Developer says payment is part of debt restructuring announced in August…

DP World will meet targets despite uncertainty over COVID-19 second wave, US polls, trade wars – CEO

October 26, 2020     /

DP World will meet targets despite uncertainty over COVID-19 second wave, US polls, trade wars – CEO DP World throughput…