News / Business

Dubai announced its intention to launch the new smart rental index entirely in January 2025

This initiative aims to develop the real estate sector and enhance trust and transparency among property owners, tenants, and investors, as reported by Invest-Gate.

Reportage Properties Reports AED 5.65 Bn in Sales with 50% Growth in 2024

Reportage Properties, the leading UAE real estate developer, announced record sales estimated at approximately AED 5.65 bn ($1.5 bn) from January until the end of 2024, representing a growth of more than 50% compared to the same period last year, Invest-Gate reports.

Saudi Arabia Begins Registering 370 Real Estate Plots in Madinah

The Saudi Real Estate Registry has announced the start of receiving applications for the first physical registration of 370 real estate plots in four neighborhoods in Madinah, Invest-Gate reports.

JLL Highlights Increasing Number of Apartments Sold in Saudi Arabia Alongside Rising Tourist Arrivals

A new report from JLL has revealed the outlook for the Saudi real estate market in light of Saudi Arabia’s Vision 2030, which focuses on continuous development and government initiatives such as the Sakani Program and the Real Estate Development Fund aimed at increasing citizens’ home ownership rates, Invest-Gate reports.

Beltone Announces Board Approval for Additional Capital Increase of EGP 10.75 Bn to Drive Expansion, Growth Strategy

Beltone Holding announces that its Board of Directors has approved proceeding with all legal and regulatory procedures to increase the company’s capital by EGP 10.75 bn, Invest-Gate reports.

Emirates NBD Egypt Provides EGP 2.5 Bn in Credit Facilities to Arabian Construction Company

Emirates NBD Egypt has signed a significant financing agreement with Arabian Construction Company (ACC), one of the leading construction firms in the Middle East, providing EGP 2.5 bn in credit facilities, Invest-Gate reports.

New Alamein: North Square Mall – A Unique Destination Combining Shopping and Entertainment to Enhance Year-Round Local Residency

Counsel Masters, a leader in managing and marketing commercial and tourism projects, has announced its plans to open and operate North Square Mall in New Alamein City for over six months in 2025. This initiative aims to build upon the mall's significant success since its summer opening, aligning with the nation’s vision for sustainable development and economic enhancement. The goal is to transform New Alamein into an attractive year-round destination for residents, thereby facilitating comprehensive urban development projects, Invest-Gate reports.

Schneider Electric’s Cairo Headquarters Achieves SmartScore Platinum Certification, Pioneering Sustainable Smart Building Standards

Schneider Electric is proud to announce that its headquarters in Cairo, Egypt, has become the first facility in its global operations to achieve the prestigious SmartScore Platinum certification. This milestone highlights the building as a leading example of a smart and sustainable structure, reinforcing Schneider Electric's dedication to advancing innovative technologies in energy management and automation, Invest-Gate reports.

Hilton Plans to Open 25 New Hotels in Egypt

Hilton aims to triple its presence in Egypt, with plans to open 25 hotels across the country in the next few years, including the signing of more than 10 new properties under the global hospitality company’s award-winning brands, Invest-Gate reports.

Belton Leasing and Factoring Strengthens Its Regional Role by Joining FCI

Belton Leasing and Factoring, a subsidiary of Belton Holding, has officially announced its membership in FCI, a leading global entity representing factoring services and financing for international trade stemming from accounts receivable related to open account transactions, Invest-Gate reports.

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