Sunday 16 March 2025
 
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Qatar Fund seals landmark finance deal for Oman grid project

The Gulf Cooperation Council Interconnection Authority has sealed a landmark financing agreement with  Qatar Development Fund (QDF) that paves the way for a transformative direct grid connection project linking the GCCIA network with the

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Qatar Fund seals landmark finance deal for Oman grid project

The Gulf Cooperation Council Interconnection Authority has sealed a landmark financing agreement with  Qatar Development Fund (QDF) that paves the way for a transformative direct grid connection project linking the GCCIA network with the

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$2.4bn financing for Wynn Al Marjan Island completed

Wynn Resorts Limited (WYNN) has announced that Wynn Al Marjan Island has obtained a $2.4 billion construction facility with a global syndicate of lenders to finance the development of Wynn Al Marjan Island, the first integrated resort in the U

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$2.4bn financing for Wynn Al Marjan Island completed

Wynn Resorts Limited (WYNN) has announced that Wynn Al Marjan Island has obtained a $2.4 billion construction facility with a global syndicate of lenders to finance the development of Wynn Al Marjan Island, the first integrated resort in the U

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UAE issues cabinet decision on top-up tax for multinationals

The UAE Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on the introduction of the Top-up Tax for Multinational Enterprises, providing further details on the UAE Domestic Minimum Top-up Tax (UAE DMTT). 

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Mortgage financing for Bahrainis soars to $8bn in 2024

Bahrain's mortgage loans accounted for the largest share of total personal loans granted to the kingdom's citizens in 2024, surging to hit BD3.03 billion ($8 billion), thus posting a 5% growth when compared to BD2.88 billion ($7.6 bill

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Mortgage financing for Bahrainis soars to $8bn in 2024

Bahrain's mortgage loans accounted for the largest share of total personal loans granted to the kingdom's citizens in 2024, surging to hit BD3.03 billion ($8 billion), thus posting a 5% growth when compared to BD2.88 billion ($7.6 bill

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Industrial sector financing surges in UAE

The UAE's industrial sector received a significant increase in financing in 2024, driven by robust support from both government and private entities.    Banks operating in the UAE injected AED5.537 billi

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Omnivest seals $500m finance deal with global banks

Oman International Development and Investment Company (Ominvest) has announced a significant milestone in its growth trajectory with the signing of a $500 million facility arranged by Gulf International Bank (GIB) along with their partners ABK

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Bahrain developer Al Areen names new finance chief

Al Areen Holding, a leading real estate development company in Bahrain, has announced the appointment of Noor Abdulla AlKooheji as its new Chief Financial Officer (CFO).    AlKooheji has over 13 years of exp

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