News

Chinese firm to invest $1.3bn in UAE real estate

Dubai_real_estateInvestors in the UAE’s property market have been boosted by the news that Fidu Properties, a Chinese property developer, aims to invest $1.36 billion in UAE real estate over the next three years. Having opened an office in Dubai in April, Fidu is looking to expand its GCC operations. The first stage of this expansion plan is $544 million of investment in Dubai real estate before the end of the year. According to Fidu Properties’ marketing manager Amit Dahima, the company is bullish about the growth potential of the UAE’s real estate sector. “We feel the growth in the coming years would be phenomenal, particularly in the real estate sector which represents one of the strategic priorities of foreign direct investments into the UAE," he said. The Fidu news follows a recent state visit from Chinese president Xi Jinping, the first time a communist party head has visited the UAE. ©2018 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

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In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

Roundtables

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With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

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Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.