According to data from the Dubai Land Department, Dubai's real estate sales between the beginning of June and the middle of July reached AED 66.48 bn, with a total of 20.66 sales transactions recorded during this period, Invest-Gate reports.
The Saudi National Housing Company (NHC) has announced in a statement that it signed an agreement with China State Construction Engineering Corporation (CSCEC) to construct housing units in NHC's suburbs and communities throughout various regions of the Kingdom, Invest-Gate reports.
Dopay, a rapidly growing fintech company that offers a digital payroll and payments platform for unbanked and underbanked workers in emerging markets, has announced the successful closure of a strategic $13.5 million Series A extension round, Invest-Gate reports.
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.
