UAE-based fäm Properties has announced that it has facilitated the sale of 40,000 sq ft of office space at Vision Tower in Business Bay for a record AED124 million ($33.8 million). It is the biggest commercial real estate deal of its kind recorded in Dubai.
Standard Chartered has announced its intention to explore the sale of its wealth and retail banking (WRB) business in the Kingdom of Bahrain, as it further sharpens focus on businesses and client segments. The bank will maintain its presence in Bahrain through corporate and investment banking franchise.
Bank Nizwa has joined the initial public offering of Oman India Fertiliser Company as a collecting bank, further strengthening its position as key provider of Islamic banking solutions. One of the top five fertiliser producers in the GCC, it is offering 25% of its share capital through the IPO.
Equitativa, a top REIT manager in the Gulf region, has announced the successful sale of its prime commercial building located on Sheikh Zayed Road. A mixed-use retail and office building, Indigo 7 enjoys excellent visibility and features 1,902 sq m of prime retail and office space.
The cement sales volumes across the Kingdom of Saudi Arabia declined by 6.7% y-o-y and 21.3% m-o-m to hit 3.37 MT, reflecting the holiday effect and recent geopolitical developments, according to a new report. The sales volume for the first three months fell by 4.7% y-o-y to 12.76 MT.
Dubai-listed Amlak Finance has announced that it has secured the investors' approval at the company's Annual General Meeting (AGM) for distribution of cash dividends worth AED735 million ($200 million) to its shareholders for FY 2025. This comes following a sharp rise in its annual profit for the 12-month period.
Dubai's property sector capped a historic year in 2025 with both primary and resale markets posting strong gains, while rising property values and accelerated construction activity signalled continued market strength heading into 2026, said a report.
SmartCrowd, a key player in the region’s evolving proptech investment landscape, has announced the successful exit of a three-bedroom duplex apartment in global commerce hub Dubai International Financial Centre (DIFC) following a targeted value-add renovation, achieving a record sale price of AED8.7 million ($2.3 million).
