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Press Dossier   By Date  23/02/2023
Over half of Dubai property owners would sell their units this year, YouGov study shows
Almost two-thirds of Dubai property owners polled (64 per cent) plan to sell their respective unit to take advantage of current market conditions and 52 per cent would do so in the next 12 months in return for a good premium according to a YouGov survey commissioned by Metropolitan Homes, a new division of the Metropolitan Group focusing on Dubai's secondary market and catering to end-users, investors and wealthy asset owners.
UAE: Adnoc sets IPO price at Dh2.25 to Dh2.43; could raise up to $2 billion
State oil giant Abu Dhabi National Oil Co (Adnoc) said on Thursday it has set a price range for an initial public offering (IPO) of its gas unit that could raise up to $2 billion and give Adnoc Gas an equity valuation of $47 billion to $50.8 billion.
Saudi Arabia’s Ma’aden and Bahrain’s Alba explore ways to strengthen cooperation in ESG
Saudi Arabian Mining Co., and Aluminum Bahrain, also known as Alba, have agreed to explore avenues for strengthening cooperation in various areas including know-how and environmental, social, and governance standards.
Rail network linking UAE and Oman receives $3bn investment boost
A plan to build a new rail network linking the UAE and Oman is a step closer thanks to a new $3 billion agreement.
Saudi Food Industries Polytechnic signs deal with Leha group to raise localization rate
Saudi Arabia’s Food Industries Polytechnic has signed a training and employment agreement with Leha Group to raise the rate of localization in the Kingdom’s food sector.
MoH has no plans to cancel expat med fees
The health ministry has no intention of backing away from the decision to impose fees on expats for receiving medicines, as it sees it is necessary to regulate mechanisms behind dispensing medicine and supervising it.
Airfares jump 200% during national days
Travel agencies in Kuwait have witnessed great turnout by citizens and residents in the past few days to book flights during the national holidays, which has led to an over 200 percent increase in ticket prices to several destinations.
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