Business & Money | Thursday 24 February, 2022 12:31 pm

ENBD REIT announces Q3 NAV of USD 168 million (USD 0.67 per share)

 Property portfolio value stabilising at USD 357 million Portfolio occupancy maintained at 77%Interim dividend paid on 28 December 2021 ENBD REIT(CEIC) PLC (“ENBD REIT”), the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management...

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Business & Money | Thursday 24 February, 2022 12:16 pm

Alhokair to bring Flying Tiger and Alo Yoga to Saudi Arabia

DUBAI: Saudi retail giant Alhokair is bringing Flying Tiger and Alo Yoga to the Kingdom.The arrival of American leisure brand Alo Yoga and Danish variety retailer Flying Tiger Copenhagen comes as Fawaz Abdulaziz Alhokair Co. looks to expand its offering after a tough year for the retail sector. It...

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Business & Money | Thursday 24 February, 2022 12:13 pm

Saudi Arabia’s real estate offers more profit than stock market investments: CMA chairman

Real estate investment trusts will offer more profit than stock market investments, said Mohammed bin Abdullah Elkuwaiz, chairman of Saudi Arabia’s Capital Market Authority.  Addressing the Real Estate Future Forum on Feb. 23 in Riyadh, the CMA chairman revealed that REITs offer returns ...

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Business & Money | Thursday 24 February, 2022 11:54 am

Response Plus Holding enters the FTSE Global Micro Cap Index

Response Plus Holding PJSC (RPM), the UAE leading healthcare services provider and Alpha Dhabi Holding subsidiary, announced its inclusion in the FTSE Global Micro Cap Index officially on Monday February 21st, 2022.  RPM's listing on the FTSE GEIS as a Micro-cap company validates the...

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Business & Money | Thursday 24 February, 2022 11:36 am

UAE Banks Federation (UBF) organizes webinar on latest update of ISO-20022 adoption programme

UAE Banks Federation (UBF), the sole unified voice and representative of UAE banks, together with SWIFT, held a free-of-charge webinar for all the members of UAE SWIFT Users Community, to discuss the latest update on ISO20022 adoption programme, which will go live on 19 November 2022. This will be...

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Business & Money | Thursday 24 February, 2022 11:32 am

Announcing the First Edition of Electric Vehicle Innovation Summit in Abu Dhabi

With the rising interest in electric vehicles spreading across the nation, the first-ever edition of the annual Electric Vehicle Innovation Summit (EVIS) is scheduled to take place in Abu Dhabi on 23rd – 25th May 2022. The event is organized by Nirvana Holding and will be hosted by...

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Tourism & Hospitality | Wednesday 23 February, 2022 6:26 pm

Revier Hotel celebrates one year of Swiss Hospitality in Dubai!

Hotel announces new offers to celebrate its first anniversary A 4-star lifestyle hotel modelled as a meeting point for today’s gen-X while offering Swiss Hospitality in Business Bay, is celebrating its first anniversary having opened on 1st March 2021. During the last year, Revier...

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Business & Money | Wednesday 23 February, 2022 3:52 pm

Top real estate investors flock to Riyadh forum to discuss sector’s future

With real estate the second largest contributing sector to Saudi Arabia's gross domestic product, investors are flocking to Riyadh to attend the Real Estate Future Forum. On its first day, the forum hosted top officials and executives in the sector, led by Majid Al-Hogail, minister...

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Business & Money | Wednesday 23 February, 2022 12:20 pm

Saudi Arabia’s residential real estate finance to be worth $162bn by 2030, says Housing Minister

Saudi Arabia's residential real estate finance is expected to exceed 1.2 million contracts with a value of SR600 billion ($162 billion) by 2030, according to the Minister of Housing.  Addressing the Real Estate Future Forum on Feb. 23 in Riyadh, Majid Al-Hogail noted that the real estate...

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Business & Money | Wednesday 23 February, 2022 12:05 pm

Volume of Saudi construction contracting to reach $75bn by 2024: SCA Governor

The volume of construction contracting in Saudi Arabia is expected to reach SR275 billion ($75 billion) by 2024, according to the Governor of Saudi Contractors Authority, Thabet Al-Sawyeed. Al-Sawyeed made these remarks while addressing the Real Estate Future Forum on Feb. 23 in...

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