Arab Bank has launched an electronic payment service through point of sale (POS) devices in collaboration with Geidea, a leading company in financial technology and payment solutions., Invest-Gate reports.
Property consultancy firm ValuStrat has revealed that in June, the average price of villas in Dubai's freehold areas surpassed AED 10 mn for the first time in the emirate's real estate market history. This followed a previous threshold of AED 9.82 mn in May, Invest-Gate reports.
According to a report by property consultancy Knight Frank, the number of homes valued at $10 mn or more sold in Dubai remained stable in the first half of 2024, despite a decrease in listings, Invest-Gate reports.
According to JLL's latest Egypt Construction Market Intelligence Report, the construction industry in Egypt, as the largest project market in Africa and the third largest in the Middle East and North Africa (MENA), is projected to experience consistent value growth until the end of the decade, Invest-Gate reports.
The Saudi Shura Council has requested the Saudi Export Development Authority, in coordination with relevant authorities, to develop criteria for determining priority sub-brands within the "Made in Saudi Arabia" program, Invest-Gate reports.
According to a report by Primo Capital Experts, residential real estate transactions in Dubai experienced a year-on-year growth of 20.5% in the second quarter of this year, Invest-Gate reports.
Egypt's Prime Minister Mostafa Madbouly has announced a new tourism project called "South Med" with an investment of EGP 1 tn ($21 bn), Invest-Gate reports.
Signify (formerly Philips Lighting), the global leader in the lighting industry, has announced a strategic partnership with Gila Al Tawakol Electric, a manufacturer and distributor of high-quality electrical products, Invest-Gate reports.
Dar Global Company has announced a partnership with the Trump Organization to launch a prestigious tower project in Jeddah called "Trump Tower Jeddah", Invest-Gate reports.
A report issued by W Capital, Dubai's leading brokerage, reveals that British investors have been the most active in purchasing Dubai real estate during the first half of 2024, Invest-Gate reports.
