BusinessLatest Business and Company Updates
Binghatti lines up dollar sukuk after investor calls
Dubai-based luxury property developer Binghatti Holding Limited has instructed banks to arrange a series of fixed income investor calls starting Tuesday, 3 February 2026, as it prepares the ground for a benchmark-sized, five-year, US dollar-denominated sukuk offering, according to transaction details communicated to the market.The planned issuance will take the
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Region
Blackstone backs Abu Dhabi fintech bet
Blackstone has invested $250 million in an Abu Dhabi-based payments and data intelligence platform aimed at regulated digital markets, pressing ahead with a Gulf deal even as the war involving Iran continues to unsettle investors, energy markets and regional transport
Saudi hotel push targets business travel gap
US-based Patel Family Office and Dammam-headquartered Abdel Hadi A. Al-Qahtani & Sons have signed a $1 billion agreement to build 50 business hotels across Saudi Arabia by 2029, betting that the Kingdom’s fast-growing corporate travel market now needs more standardised
Emaar approves record dividend as growth accelerates
Emaar Properties has approved a dividend payout of AED8.8 billion following a strong financial performance for 2025, signalling confidence in its cash flows and long-term growth strategy.The decision was endorsed at the company’s annual general meeting, where shareholders backed a