Abu Dhabi alternative investment manager Lunate is establishing a $1 billion joint venture with Brookfield focused on residential real estate in the Middle East. This announcement was made in a statement on Tuesday, outlining the venture’s aim to develop high-quality build-to-sell and opportunistic buy-to-sell residential assets across the UAE, Saudi Arabia, and other regional markets....
The Syrian government has entered into a memorandum of understanding with DP World to develop the port of Tartous, with the deal valued at $800 million. This agreement was reported by the Syrian state news agency SANA and follows the recent lifting of U.S. sanctions, which had previously hindered such developments. The agreement encompasses the...
Peru and Saudi Arabia are working to strengthen their diplomatic and economic cooperation, despite their geographical distance. Elmer Schialer, Peru’s Minister of Foreign Affairs, emphasizes the potential for collaboration rooted in economic complementarity. Both nations share a vision for global integration, aiming to build bridges that enhance their mutual interests. Strategically positioned on the Pacific...
Dubai’s NOVVI Properties is set to attract foreign investors through a series of roadshows in Italy, scheduled from May 23 to May 31. This initiative comes at a time when the US dollar has weakened against the euro and the British pound, making Dubai real estate more appealing. With properties now estimated to be 10...
Saudi Arabia’s Vision 2030 initiative has made significant strides, achieving 93 percent of its key performance indicators either fully or partially since its launch nine years ago, as reported in the latest official assessment. This assessment demonstrates the effectiveness of the program, which focuses on diversifying the economy, empowering citizens, and creating an appealing environment...
The Abu Dhabi Securities Market demonstrated strong performance in the first quarter of 2025, showing a significant increase compared to the same period in 2024. This growth was primarily driven by a notable rise in liquidity indicators and investment activity from foreign and institutional investors. According to market data, the value of foreign investors’ trading,...
Cerebras Systems Inc. has announced that it has resolved “all open issues” with the Committee on Foreign Investment in the US (CFIUS), marking a significant step forward for the chip startup as it prepares for its initial public offering (IPO). This development is particularly crucial as Cerebras aims to solidify its position in the competitive...
The UAE’s Comprehensive Economic Partnership Agreement (CEPA) programme, launched in September 2021, has successfully established 26 agreements with strategically important countries and international groups by the end of the first quarter of 2025. This initiative aims to strengthen the UAE’s economic position both regionally and globally. In 2025 alone, the UAE has signed five new...
The UAE property market is gaining traction among foreign institutional investors, who previously viewed it as speculative and unstable. This shift in perception is largely due to the potential for substantial returns and the country’s dependable rule of law. For a long time, many investors dismissed the UAE real estate sector as merely a luxury...
RIZ & MONA Consultancy, a prominent provider of corporate services, has officially announced its acquisition of IBGME, which is recognized for its expertise in corporate structuring and UAE company formation. This strategic acquisition is set to strengthen RIZ & MONA’s position within the business setup industry, enhancing its offerings in UAE company formation, offshore incorporations,...