Dubai Holding is set to launch an initial public offering (IPO) for its Dubai Residential Real Estate Investment Trust (REIT) on the Dubai Financial Market (DFM). The IPO will offer a total of 1.625 billion shares, which accounts for 12.5 percent of the issued unit capital of Dubai Residential REIT. Credit: Reuters Trading is expected...
UAE-based food packaging company Hotpack has announced its decision to establish its first manufacturing and distribution hub in North America, located in New Jersey. This move is aimed at improving service delivery to Hotpack’s customers in the United States and underscores the company’s commitment to innovation and environmental responsibility in the global packaging industry. Last...
The Saudi Investment Recycling Company (SIRC), which is a wholly owned subsidiary of the Public Investment Fund (PIF), has officially signed a memorandum of understanding (MoU) with the US-based EIG Management Company, LLC. This agreement aims to foster collaboration in investment and diversify funding sources for the development and operation of infrastructure projects linked to...
The Saudi Tourism Authority (STA) has signed 14 memorandums of understanding (MoUs) and facilitated an additional 52 agreements with international tourism entities during the Arabian Travel Market (ATM) 2025. This event highlighted STA’s commitment to expanding its tourism sector, building on a record achievement of welcoming nearly 116 million visitors in 2024. Fahd Hamidaddin, the...
The Abu Dhabi Projects and Infrastructure Centre (ADPIC) has announced the launch of the Abu Dhabi Infrastructure Summit (ADIS), set to take place on June 17-18, 2025, at the Abu Dhabi Energy Centre. This summit aims to serve as a leading global platform for policymakers, investors, developers, contractors, and industry experts to discuss emerging investment...
Paytm Cloud Technologies Ltd (PCTL), a subsidiary of fintech company Paytm, has officially launched a wholly owned subsidiary in the United Arab Emirates (UAE). The new entity is named Paytm Arab Payments LLC and focuses on offering technology-driven merchant payments and financial services in the region. In an exchange filing, PCTL’s board confirmed an investment...
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Daniel Noboa, President of the Republic of Ecuador, met to discuss strengthening their bilateral cooperation. The dialogue focused on key areas including the economy, trade, renewable energy, sustainability, investment, tourism, and agriculture. The discussions aimed to foster mutual benefits and support the...
ALTÉRRA, recognized as the world’s largest private climate investment vehicle, has made a significant move by co-investing $100 million in the Indian renewable energy firm Evren. This investment, executed in collaboration with Brookfield Asset Management and other investors, is intended to enhance the deployment of clean energy in India, which is one of the fastest-growing...
Egyptian private real estate developer Mabany Edris has announced the launch of its new residential project, ‘Ons New Zayed,’ located in New Zayed City. The total investment for the project amounts to 13.5 billion Egyptian pounds, which is approximately $266 million. The project spans 84 acres and will consist of 1,012 units, featuring a variety...
ICICI Home Finance is planning to raise ₹5 billion (approximately $59 million) through the issuance of five-year bonds with an interest rate of 7.36%, as reported by market sources. The non-banking financial company is targeting ₹3.75 billion with an additional greenshoe option of ₹1.25 billion. Bids for these bonds will be accepted on the Bombay...