Dubai: Non-oil business activities in Qatar remained stable in September, despite a decline in the Purchasing Managers’ Index (PMI) from 53.1 in August to 51.7 as reported by Qatar Financial Centre. The…
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Adani Enterprises' debut retail bond sale sees strong demand
The retail segment of the issuance was fully sold on day one as offers worth 2.5 billion rupees were received as compared to 2.4 billion rupees reserved for this category of investors….
Saudi Arabia sees 20 per cent increase in point-of-sale transactions
The education sector was the only one to see a decline, dropping 38.6 per cent to $137 million (Dh503 million). This decline marks the second consecutive decrease for the sector after four…
Qatar’s property market sees a surge in sales, decrease in rents
Between April and June, approximately 1,300 apartments and 120 villas were constructed. ValuStrat, based in Dubai, projects around 9,000 units will be completed by the end of the year, with an additional…
Dubai real estate market sees record Dh650 million land sale
The total value of real estate sales in Dubai has soared to Dh2 billion, driven by 494 transactions. Business Bay led the market with 696 transactions. Following Business Bay, Al Yafwa 1…
Emirates' Tim Clark now sees Boeing 777X aircraft delayed until 2026
“Nobody should be rushed, and any remediation work should be done openly, transparently and with whatever time it takes,” the executive said in an interview at the Farnborough International Airshow. The planemaker…
Delayed Marina 101 skyscraper in Dubai sees sudden rise in sales – will project soon be complete?
Dubai: Will work start again soon on the Marina 101, the Dubai skyscraper stuck at the 97 per cent completion stage for the last 8 years? Located in Dubai Marina and rising…
Philippines sees nuclear as long-term replacement for LNG
“After liquefied natural gas, we’re not sure what technology will be there to supply carbon-free baseload power,” said Lawrence Fernandez, head of utility economics at Meralco. “Nuclear is one, so that’s why…
Abu Dhabi real estate sees record Dh1.81 billion FDI in Q1 2024
The Abu Dhabi Real Estate Centre (ADREC) – the regulator of Abu Dhabi’s real estate sector – announced Friday record levels of foreign direct investment (FDI) into the emirate’s growing real estate…
More investments planned as Dubai sees 23-25 million visitors by 2025
Dubai: Dubai is well placed to enhance investments in the hotel sector, unveil additional attractions, and introduce innovative visa schemes to cater to the growing demand for tourism. Dubai is also working…