Oman has secured new financing for its largest copper mining development yet, which is set to begin production next year.

Part of Saudi Arabia's role will be to hold the ring between Russia, China and the US

Saudi Arabia’s drive to sharply expand its water desalination capacity is drawing growing interest from private operators and financiers, as the kingdom targets an increase in capacity of more than 40 percent by 2030.

Saudi Arabia’s Public Investment Fund is expanding its US footprint by backing a proposed skyscraper in New York City. Alamy/Clare Jackson via Reuters Connect Sightseers take photos of the towers that encircle Central Park in Manhattan. The PIF-backed skyscraper will be 1,200 feet tall The PIF is taking a two-thirds stake in a development site near Central Park, the Wall Street Journal reported. The 1,200-foot office building is being built in partnership with US real estate

Public listings offer access to capital markets but they do not resolve the issues that often plague family businesses, the chairman of one of the Gulf’s largest and oldest family-owned conglomerates has told AGBI. Alamy via Reuters | Listing is seen as a way to professionalise family-run companies, but Mishal Kanoo argues that it does not fundamentally change family dynamics Interview with Mishal Kanoo 85% of Gulf companies family run IPOs can’t resolve their issues Those c

Abu Dhabi Investment Authority (Adia), the UAE’s largest sovereign wealth fund, will invest about $750 million in the debt of India’s GMR Group, giving it a foothold in one of the world’s fastest-growing aviation markets. Alamy via Reuters | The Indira Gandhi International Airport in Delhi operated by GMR Group: Adia’s investment will support the continued growth of GMR Airports Refinancing debt Aviation market presence GMR Airports growth The investment will also allow the

Investment banking fees on bond and sukuk issuance in the Middle East and North Africa (Mena) have surged this year as governments, corporations and commercial banks raise increasing amounts of debt to meet their funding needs. Alamy/Hasan Zaidi via Reuters | Central Riyadh. Of total Mena investment banking fees, 45 percent were generated in Saudi Arabia Fees in Mena region up 74% Highest nine-month total this century $150bn estimate for 2024 issuance Mena debt capital marke

Qatar’s telecom major Ooredoo has secured a QR2 billion ($552 million) financing deal to accelerate the development of its data centres and artificial intelligence (AI) ventures. Ooredoo and bank executives at the signing ceremony The 10-year hybrid facility, comprising both commercial and Islamic tranches, was provided by Qatar National Bank, Doha Bank and Masraf Al Rayan. The company claimed this is the “largest transaction in value and tenor” ever offered in the Gulf natio

Chinese fashion retailer Shein, which is backed by the Abu Dhabi sovereign wealth fund Mubadala, is courting European investors before an initial public offering on the London Stock Exchange. Reuters/Edgar Su | A Shein pop-up store at a mall in Singapore, where the company now has its headquarters China’s Shein to seek LSE listing Fashion retailer valued at $66bn Mubadala invested in Shein in 2023 Shein is due to hold informal meetings to answer questions and test the investm

Sharjah’s real estate sector recorded 22 percent growth in the number of foreign investors during the first half of the year compared with the same period last year, attracting investors from 100 different nationalities. Pexels/Mikhail Nilov | Sharjah is seen as a more affordable alternative to Dubai, making its real estate attractive 22% growth in H1 Freehold opened to foreigners in 2022 AED8.3bn of transactions The number of properties traded by foreign investors in the em