BusinessLatest Business and Company Updates
Moody’s Elevates Sobha Realty’s Sukuk Rating Amidst Strong Financial Performance
Moody's Ratings has upgraded the senior unsecured sukuk rating of PNC Investments LLC , the parent company of Dubai-based Sobha Realty, from Ba3 to Ba2, while affirming the company's corporate family rating at Ba3 with a stable outlook.This development follows Sobha Realty's successful issuance of its inaugural $300
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Nikken Sekkei designs Trump Tower Dubai landmark
Plans for Trump Tower Dubai place one of Japan’s most influential architectural practices at the centre of a high-profile addition to the city’s skyline, signalling how branded luxury developments continue to evolve in the Gulf’s most competitive real estate market.
Mubadala and Bain seal Service Logic deal
Mubadala Investment Company and Bain Capital have completed the acquisition of Service Logic, a major provider of commercial heating, ventilation and air-conditioning services, marking a significant private equity investment into North America’s building services sector. The transaction, announced on Wednesday,
Sunteck’s Dubai Debut Signals Global Luxury Pivot
Sunteck Realty Ltd has launched its international arm, Sunteck International, and formally entered the UAE real-estate market with the unveiling of a 2.5-acre land parcel in Downtown Dubai. The site is positioned within seconds walking distance of the Burj Khalifa
