Business Blog

Saudi Arabia's Dar Al Arkan Real Estate Development Co. raised USD 400 million through an Islamic bond, the developer said in a statement on Thursday, with strong demand for the paper helping to reduce the cost at which it borrowed.

Saudi Arabia's Dar Al Arkan Real Estate Development Co. raised USD 400 million through an Islamic bond, the developer said in a statement on Thursday, with strong demand for the paper helping to reduce the cost at which it borrowed.

Residential property prices in Dubai are almost reaching 2008 peak levels, with the market not likely to see any major price correction in the short term, Standard and Poor's, a global ratings agency, said.

Apple Inc. has been granted a license to operate directly in Saudi Arabia, local newspaper Al-Eqtisadiah reported.

Bringing excellence closer to Islamic banking customers, Bank Sohar is proud to have launched a dedicated Sohar Islamic corporate website that aims to provide a portal through which potential and current customers can benefit.

Construction projects across all building sectors worth USD128.46 billion are expected to be completed by the end of this year hitting a 92.06 percent increase compared to 2013 (USD66.89 billion).