14 Mar 2026

SA Corporate Real Estate Limited reported its audited consolidated financial results for the financial year ended 31 December 2025, showing headline earnings per share of 24.40 cents. The company also recorded total revenue of ZAR 2,922.4 million for the year. The real estate investment trust, listed on the Johannesburg Stock Exchange, announced its results along with a cash dividend declaration. SA Corporate owns and manages a diversified property portfolio across South Africa, including industrial, retail and residential assets primarily located in major metropolitan areas. The results reflect the company's operational performance across its property portfolio during the past financial year.Read more

14 Mar 2026

An ultra-luxury apartment in Aman Residences Dubai on the Jumeirah Peninsula has been sold off-plan for AED 422 million (about $115 million), underscoring strong investor confidence in Dubai's high-end real estate market. The 31,201 sq ft residence was sold at AED 13,525 per sq ft, according to transaction data from DXBinteract, developed in partnership with the Dubai Land Department. The deal was confirmed by fm Properties, which described the sale as a major indicator of continued demand from global ultra-high-net-worth buyers. Industry experts say Dubai's property market is supported by strong fundamentals, including growing end-user demand, diversified international buyers and a mature regulatory environment. The record-value transaction highlights Dubai's status as a leading global destination for luxury property investment despite geopolitical uncertainties in the region.Read more

13 Mar 2026

Several global banks have taken precautionary measures in the Gulf region after Iran warned it could target economic and banking interests linked to the United States and Israel. Citigroup asked employees to evacuate its offices in Dubai and shift to remote work, while Standard Chartered also began moving staff out of offices as a safety step. HSBC temporarily closed all its branches in Qatar to protect staff and customers. The developments come after missile exchanges and rising regional tensions, raising concerns about Dubai's reputation as a stable financial hub that has long attracted international banks and investors.Read more

13 Mar 2026

A family trust linked to Austrian real estate developer Rene Benko has filed for insolvency after being ordered to pay about USD 1 billion following arbitration rulings in favour of companies connected to Abu Dhabi's sovereign wealth fund Mubadala Investment Company. The development is another fallout of the collapse of Benko's property group Signa Holding, which entered insolvency in 2023 and triggered one of Europe's largest real estate failures. The trust, named after Benko's daughter, approached a court in Innsbruck after the arbitration decisions created financial obligations it could not meet.Read more

13 Mar 2026

Japan-based Mitsubishi UFJ Financial Group (MUFG) and the State Bank of India (SBI) have entered into a strategic partnership to structure and finance projects for Indian and global clients. The collaboration will focus on mergers and acquisitions (M&A), real estate financing, trade finance, and retail banking solutions. The move comes after the Reserve Bank of India allowed domestic banks to fund up to 75% of corporate acquisitions starting April 1. By combining SBI's domestic presence with MUFG's global network, the partnership aims to support Japanese companies investing in India and Indian firms expanding abroad, while also exploring opportunities with mid-sized companies and MSMEs.Read more

13 Mar 2026

Dubai-based logistics major DP World reported that its flagship facility, Jebel Ali Port, continues to operate normally with no damage to infrastructure despite disruptions caused by the ongoing Iran conflict. However, inbound vessel traffic has declined as the conflict has severely affected shipping routes through the Strait of Hormuz. The situation has increased security and logistical challenges for port operators across the Gulf. DP World has implemented rerouting and mitigation measures while reporting strong financial performance and cargo volumes across its global terminal network.Read more

13 Mar 2026

Marseilia Egyptian Gulf Real Estate Investment reported its standalone financial results for the financial year, showing a net profit after tax of EGP 81.3 million. The real estate developer also recorded total standalone sales of EGP 1.02 billion during the same period. The figures indicate the company's operational performance in Egypt's property sector over the year. Marseilia has been active in residential and tourism-focused real estate developments, particularly along the Mediterranean coast. The company's financial results reflect steady sales activity in its projects despite broader market challenges affecting regional real estate markets.Read more

13 Mar 2026

Citigroup and Standard Chartered have begun evacuating staff from their Dubai offices and shifting operations to remote work following escalating geopolitical tensions in the Middle East. Citigroup instructed employees to vacate its offices in the Dubai International Financial Centre (DIFC) and Oud Metha and work from home until further notice, according to an internal memo. HSBC has also closed all its branches in Qatar to safeguard staff and customers. The precautionary measures follow threats by Iranian military authorities to target economic and banking interests linked to the United States and Israel in the Gulf region after an attack on an Iranian bank in Tehran. The developments have heightened concerns about regional security and raised questions over Dubai's positioning as a stable financial hub for international banks and global financial institutions.Read more

13 Mar 2026

A family trust established for Austrian property developer Rene Benko has filed for insolvency after being ordered to pay about USD 1 billion to companies linked to Abu Dhabi sovereign wealth fund Mubadala. The insolvency filing by the Laura Private Foundation follows arbitration rulings issued earlier this year by the International Court of Arbitration in Switzerland, which directed the trust to settle claims worth about EUR 900 million. The development comes amid the broader collapse of Benko's Signa property group, once one of Europe's largest real estate conglomerates with holdings including luxury hotels in Venice and Vienna and stakes in retail chains such as Selfridges and Globus. Benko, who was arrested about a year ago, has been convicted in separate insolvency-related fraud cases and is currently appealing the rulings.Read more

13 Mar 2026

A unit of TALAAT MOUSTAFA GROUP HOLDING has joined efforts to establish a real estate investment fund valued at EGP 8 billion. The fund's ownership is split, with CI Capital holding approximately 51% and the Arab Company for Projects and Urban Development owning around 49%. This move marks a strategic step for TMG's unit to expand its presence in the real estate investment sector. The initiative aims to pool resources for development projects and create structured investment opportunities in Egypt's growing property market.Read more