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  • Real Estate
    Saudi Dar Al Arkan Lists $600M Sukuk on ‘Nasdaq Dubai’

    Dar Al Arkan Real Estate has listed its USD600 million Islamic bond on Nasdaq Dubai bringing the company’s total Sukuk value listed on Nasdaq Dubai to USD1.6 billion, following the listings of two Sukuks of USD500 million each in 2017 and 2018.

  • Hybrid Cities
    American firm JLL ranks Abu Dhabi, Dubai as ‘Hybrid’ cities

    In its report, titled 'Demand and Disruption in Global Cities', prepared alongside The Business of Cities, JLL said that both Abu Dhabi and Dubai have established themselves as centres of finance, business services, and retail.

  • Business Aviation
    Hub Dubai Holds Its Own as Saudis Sit Back

    Alnaqbi said the Iraqi bizav market is struggling. “There used to be a lot of [oil and gas] activity moving into northern Iraq. Now it's reduced. Baghdad is almost dead for business aviation. It's going to take time. All the Iraqis run their business from abroad.”

  • Religious Tolerance
    Secret synagogue in Dubai prays for Persian Gulf revival

    Thriving Jewish communities in the region once stretched from the neighborhoods of Baghdad and Tehran down to the island nation of Bahrain, and from the eastern coast of Oman, home to a purported tomb of the Prophet Job, to Yemen's southern shores.

  • 3D Printer Construction
    Dubai Municipality unveils largest 3D printed two-story structure

    “This project is a major turning point in the construction sector at the local and regional levels, and is based on the strategy of innovation in 3D printing technologies in construction, which in turn will increase the pace and speed of execution and completion of buildings in record time, and reduce construction costs, and contribute to the development of solutions to the demographics challenges by reducing the number of construction labour.”

  • Capital Markets
    Saudi stock market outperforms on Q3 results, Dubai ends losing streak

    Saudi Arabia's stock market rose sharply on Tuesday, outperforming other regional markets on the back of strong corporate earnings, while Dubai rebounded through gains in financials and property shares. The Saudi benchmark index added 1.4% with Al Rajhi Bank increasing 2.8% and Alinma Bank leaping 4.9%, its biggest intraday gain since April.

  • Solar Energy
    Solar prices fall to new record low in Saudi-led bid for 900MW Dubai project

    Dubai has often set record lows for solar power thanks to its low cost of finance, cheap labour and excellent solar resources, and intense competition from the likes of ACWA and Masdar, who have been rivals in numerous tenders in Dubai and across the Middle East and in north Africa.

  • UAE
    Two flights diverted from Dubai due to suspected drones

    Two flights were diverted from Dubai International Airport on Sunday due to suspected drone activity, the hub’s operator said, at least the second disruption of its kind there this year. Arrivals were disrupted for about 15 minutes after midday (0800 GMT), said a spokesman for Dubai Airports, which owns and manages the world’s busiest airport for international travel. The airport is usually quiet at that time of day.

  • Investment
    As Saudi Arabia Boosts Its International Outlook, Could it Rival Dubai?

    Clifford Chance Middle East partner James McCarthy says: “Dubai is still very much the hub for business in the Middle East and I don’t see that changing in the near term. At the moment, Riyadh and Doha are behind but we could see Riyadh, in particular, closing the gap given the level of investment.”

  • Education
    Dubai’s GEMS Education says Saudi venture buys Ma’arif

    Dubai-based school operator GEMS Education said on Monday its joint venture in Saudi Arabia had completed the acquisition of Ma’arif, the largest education company in the kingdom.