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Dar Global to build a Trump Tower in Jeddah
It’s the second partnership between Trump and Dar Global in the region
Bankers haven’t had to prop-up Aramco’s share price since it pulled trigger on USD 11.2 bn secondary offering
Plus: A unit of Dar Al Arkan is eyeing a USD 300 mn push into the US luxury housing market
Inflation holds steady for third consecutive month
Amid a 10.5% surge in Housing rents
Commercial rent jumps with fresh appetite for Saudi office space
Grade B rents in Riyadh jumped 26% y-o-y to SAR 1.2k per sqm in 1Q 2024
Opec+ will phase out voluntary production cuts starting this fall
Plus: Riyadh Air is build its international network, looking for US, Indian, and southeast Asian partners
More IPO news: Retail offerings for Rasan + Talco’s Tadawul debuts move ahead
PLUS: Alat, the PIF’s advanced technologies unit, just wrote a USD 2 bn cheque to Chinese PC-maker Lenovo
Surprising nobody looking to rent, Riyadh’s office market was strong in 1Q 2024
Grade A offices saw a 5% increase in rent over the quarter on the back of growing demand
Almarai inches closer to acquisition of Etmam Logistics. Plus: Arab Energy Fund will invest in Dussur projects
Almarai | Etmam Logistics | Chemanol | Global Company for Chemical Industries, Kingdom Holding, Retal Urban Development, Advance International
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