Sharjah, The third edition of the Emirates Perfumes and Oud Exhibition at Expo Centre Sharjah…

Naif Al Rajhi Investment announced its acquisition of a strategic stake (value undisclosed) in Mawdoo3,…

Three models positioned as flagships in the manner of the Toyota 2000GT of yesteryear and the Lexus LFA make their world premiere. As an embodiment of “Toyota’s Shikinen Sengu”, preserving and passing on the “secret sauce of car-making” to the next generation is one aim of development. The GR GT is a new GR-brand flagship sports car that further advances the making of ever-better motorsports-bred cars. The GR GT3 is a GR GT-based, FIA GT3-spec race car for all customers who want to win races. The Lexus LFA Concept is a concept model aimed at creating a BEV sports car that exceeds customers’ expectations. To

The engine manufacturer recently announced a $50m investment in a new on wing support facility in the UAE The post GE Aerospace inks agreements with Emirates, flydubai at Dubai Airshow appeared first on Gulf Business.

Passenger electric vehicles (EVs) sales in Jordan are expected to expand by 45.9 per cent…

Binbar Investment has partnered with Joa Capital to launch Marhoon Fund, Saudi Arabia’s first direct financing fund backed by lease and usufruct contracts, with a total investment volume of $133 million (SAR 500 million). The fund will enable Saudi companies to access innovative financing solutions secured by operational assets, enhancing private sector growth and funding diversification in alignment with Vision 2030. Rabeh will serve as the technical advisor, supporting the fund’s structure and execution. Press release: Binbar Investment, a company specialized in real estate investment solutions, announced the signing of a strategic partnership with Joa Capital, along with Rabeh serving as the fund’s technical advisor, to launch Marhoon Fund, the first direct financing fund in Saudi Arabia dedicated to securing loans through lease and usufruct contracts. The fund has a total investment volume of SAR 500 million. The fund aims to enable Saudi companies to access innovative financing solutions backed by their operational assets as collateral, in support of private sector growth and diversification of funding sources, in alignment with the goals of Saudi Vision 2030. Nasser Al-Majed, Chairman of Binbar Real Estate, commented: “Binbar Real Estate Development is focused on creating differentiated real estate products, and with Marhoon Fund, we’re targeting direct financing solutions tailored to the rental market in the Kingdom.” Majed Al-Zahrani, Partner and CEO of Binbar Real Estate, added: “We believe that direct financing backed by usufruct contracts represents a transformative shift in how real estate assets are funded. It fosters trust among investors, developers, and tenants alike. Our partnership with Joa Capital is focused on building real financial tools that enable growth and long-term sustainability in the Saudi real estate sector.” Mr. Yousef AlYousefi, CEO and Managing Partner at Joa Capital, said: “We are proud of this partnership, which aligns with Joa Capital’s objectives and reflects our confidence in the strength of Saudi Arabia’s real estate market. This market is being empowered by digital platforms that improve liquidity access for property owners and stimulate investment. We are pleased to be working with a strategic partner who shares our vision of developing innovative financial solutions to support private sector growth.” Joa Capital is a leading private markets investment firm founded in 2020 and headquartered in Saudi Arabia. It invests in high-growth technology companies across the MENA region through direct equity investments. The firm also supports businesses with private credit tools that provide non-dilutive, operational financing options, enabling flexible funding pathways that foster growth and sustainability. The leasing market in Saudi Arabia is undergoing rapid growth and significant regulatory evolution, driven by initiatives from the General Real Estate Authority and the “Ejar” platform. Over 1.5 million commercial and residential lease agreements have been documented to date, with growing reliance on standardized digital contracts that enhance transparency and trust between parties. These unified lease contracts are now legally recognized as enforceable instruments—a major advancement that strengthens the creditworthiness of lease agreements and validates their role as collateralizable, financeable assets. The launch of Marhoon Fund at this time marks a strategic move supported by a strong legal and regulatory framework, empowering companies to tap into a secure and effective financing source to improve cash flow and support expansion plans.

Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Ayman Safadi is heading to…

May 2023, Dubai UAE: LEOS Developments, a well-known and respected luxury property developer with a…

Dubai, United Arab Emirates: The 28th edition of Dubai Summer Surprises (DSS) kicks off tomorrow, transforming the…

From traditional performances and cultural showcases to fun-filled activities and special offers, there are endless ways for families to create lasting memories across the city from 1 to 3 December Dubai, United Arab Emirates, 21 November 2025: This 54th Eid Al Etihad, Dubai is transforming the long weekend into a citywide celebration of unforgettable moments for families and friends from 1 to 3 December. Organised by Dubai Festivals and Retail Establishment (DFRE), a diverse mix of fireworks, outdoor entertainment, and family-friendly activities invites residents and visitors of all ages to witness a spectacular showcase of heritage, unit