Dubai’s GDP grows 3.3% YoY in Q2
Dubai’s GDP for Q2 2024 rose 3.3 per cent year on year (YoY) to AED116 billion, contributing to a total of AED231…
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Real Estate
Qatar real estate transactions reach QR 111m in 1 week
Qatar's real estate market remained active with sales contracts totaling 111,956,851 Qatari riyal registered from…
Germany sees 24% drop in apartment building permits
Building permits for apartments in Germany dropped by 24 per cent in May compared to the previous year, according…
Germany sees 41% surge in company insolvencies in H1 ’24
Germany saw a 41 per cent increase in insolvencies among medium-sized and large companies in the first half of…
Global banks target carbon emissions in real estate loans
Loans to commercial real estate at major banks face new tests due to carbon emissions and green regulations, as…
Egypt’s central bank receives $250m from ICON
Egypt’s Prime Minister Mostafa Madbouly announced that the Ministry of Public Business Sector has received the…
German property lender Aareal incurs largest loss this century
German property lender Aareal set aside $478 million for soured loans in 2023, a record high due to a severe…
Gulf’s real estate to grow in H1 2024 – Markaz
The Gulf real estate sector will grow in the first half of 2024 due to increasing demand and government policies…
Egypt’s ICON secures majority stake in Legacy Hotels
The Arab Company for Tourism and Hotels Investments (ICON), a subsidiary of Talaat Moustafa Group Holding, has…
Egypt mulls issuing bonds in UAE, India currencies
The Egyptian government is considering issuing bonds in Emirati dirhams, Indian rupees, and Hong Kong dollars for…
