BusinessLatest Business and Company Updates
Business Bay’s Off‑Plan Triumph Ushers New Investment Wave
Business Bay achieved over AED 4.5 billion in off‑plan real estate sales during the second quarter of 2025, completing more than 1,900 transactions and cementing its reputation as a premier residential and investment epicentre in Dubai. Contributing 5 per cent of the emirate’s total real estate sales value, while representing only 3 per cent of transaction
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Megha Engineering Secures $225.5 Million Gas Project in Kuwait
Hyderabad-based Megha Engineering & Infrastructures Ltd has clinched a $225.5 million contract from Kuwait Oil Company to build, operate and maintain a gas sweetening and sulphur recovery facility in Kuwait’s oilfields. The deal spans engineering, procurement and construction,
VEON Strengthens Kazakhstan Hold with OLX KZ Acquisition
Dubai-headquartered digital operator VEON Ltd. is set to acquire full ownership of classified-ads platform OLX Kazakhstan through its Kazakh subsidiary Beeline Kazakhstan for US$75 million, marking a strategic push into Central Asia’s digital services ecosystem. The deal expands Beeline’s footprint beyond connectivity
ALEC Holdings Prices IPO at Dh1.35–1.40, Subscription Kicks Off
Dubai’s engineering and construction powerhouse ALEC Holdings PJSC has fixed its IPO share price between AED 1.35 and AED 1.40, opening subscriptions for a 20 percent stake in the company. The offering will feature 1 billion existing shares, valuing
