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Author Archives: enterpriseam admin
Lulu Retail IPO sells out within one hour
The company is on track to raise up to AED 5.27 bn
Mubadala gears up for an AED-denominated sukuk issuance
The certificates will be issued by Mubadala’s subsidiary Mamoura
Esyasoft makes unsolicited takeover proposal for Good Energy
PLUS: Bawan Signs SPA to acquire Petronash
Masdar and Emsteel kick off pilot operations at green steel plant
The pilot project could cut carbon emissions in the steel-making process by 95%
Residential and commercial prices rise in Abu Dhabi and Dubai in 3Q -ValuStrat
Property prices in Abu Dhabi continued to rise in 3Q 2024 despite a dip in off-plan sales, with ValuStrat’s price index rising 5.3% y-o-y and 1.7% q-o-q in the emirate during the quarter, according to a ValuStrat Real Estate Review (pdf). On the rentals side, rates in Abu Dhabi’s rental market grew 5.8% y-o-y in […]
S&P Global pushes back its expectation of a cooldown in the property market on persistent demand
S&P Global no longer expects Dubai’s residential property market to cool in 2024, citing sustained high demand in a recent report. A growing population — supported by recent visa reforms — is fueling demand, with Dubai’s population expected to reach 4 mn by 2026. High rental prices are also to thank, boosting purchases in the […]
ADIA and APG to invest an additional USD 1.4 bn in Trans Sumatra Toll Road
The USD 1.4 bn are follow a previous USD 2.75 bn in investments
Sharjah establishes energy council
The petroleum council is now the petroleum department