News

Saudi Arabia ratifies 785km high-speed rail link between Riyadh and Doha

King Salman bin Abdulaziz Al Saud has ratified the agreement for a 785km electric high-speed railway connecting Riyadh and Doha.

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DEWA raises Empower stake to 80% in premium transaction

Dubai Electricity and Water Authority has increased its ownership in Emirates Central Cooling Systems Corporation (Empower) from 56% to 80%, acquiring a 24%

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Mubadala Capital and TWG Global to acquire Clear Channel Outdoor in $6.2bn deal

Mubadala Capital and U.S.-based TWG Global have agreed to acquire Clear Channel Outdoor Holdings in an all-cash transaction valued at $6.2 billion.

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Saudi Arabia and Kuwait launch first joint private sector business body

Saudi Arabia and Kuwait have announced the launch of their first jointly established, private sector-led business body, marking a new phase in bilateral

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KKR opens Abu Dhabi office, reinforcing emirate’s private equity appeal

KKR has opened a new office in Abu Dhabi, underscoring growing confidence among US private equity firms in the emirate’s long-term investment environment.

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Red Sea Global and Bunat VC deepen AI push with Saudi-focused venture fund

Red Sea Global and Bunat Ventures have launched a dedicated artificial intelligence venture fund to support early- and growth-stage AI startups in Saudi

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News Real Estate

Dubai to enable secondary-market trading of tokenised properties

Dubai Land Department (DLD) will launch Phase II of its Real Estate Tokenisation Project on February 20, enabling the resale of tokenised properties

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Dubai launches Global Microbiome Ecosystem to drive health and longevity innovation

Dubai Future Foundation, the Dubai Department of Economy and Tourism (DET) and Crescent Enterprises have launched a Dubai-based global microbiome research and development

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News Real Estate

RAK Properties posts 44% profit rise as residential sales surge

Aldar and Dubai Holding have expanded their real estate joint venture with the acquisition of two major land plots in Dubai that will

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News Real Estate

Aldar and Dubai Holding expand partnership with 14,000-home development plan

Aldar and Dubai Holding have expanded their real estate joint venture with the acquisition of two major land plots in Dubai that will

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