Daily Archives: August 7, 2024

Real Estate

Asteco’s Q2 2024 Report Reveals Sustained Growth In the UAE Real Estate Market

Abu Dhabi,6 August 2024–According to the Asteco Q22024 real estate report, Dubai’s strong economy and attractive lifestyleremain major draws for expatriates. Dubai’sunderlying fundamentalsare robust, driven by high equity in the real estate market, continuedeconomic growth, infrastructure development and a growing population.

The report also highlights that Abu Dhabi’s real estate market is set for continued growth in 2024, supported by government initiatives and robust economic fundamentals. Meanwhile, the Northern Emirates are poised for sustained development, underpinned by strategic planning, attractive affordability, and increased investments.

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Shopping & Promotions

Titan Watches Makes History: Now Open Across All 7 Emirates

New Kiosk in Mall of UAQ Offers Iconic Collections and Special Offers

Dubai, United Arab Emirates

In a groundbreaking move that solidifies its status as a dominant retail force in the United Arab Emirates, Titan Watches has successfully expanded its presence across all seven Emirates, marking a significant milestone for the renowned brand.

The latest feather in its cap comes with the inauguration of a new exclusive Titan kiosk nestled within the prestigious Mall of UAQ in Umm Al Quwain, further bolstering Titan’s commitment to catering to the diverse needs of this dynamic region.

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Travel & Tourism

In a boost to Dubai’s GDP, DXB sets record with 44.9 million guests in first half

Dubai, United Arab Emirates – August 7, 2024: Dubai International (DXB) has raised the bar on its contribution to Dubai’s economy by welcoming a record 44.9 million guests during the first six months of this year.

Marking an 8% year-on-year increase in guests, DXB has established its position as a globally preferred gateway, boosted by strong connectivity with key international markets, while reaffirming its centralrole in supporting Dubai’s economic growth.

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Business & Investments

LSEG Middle East & Africa Investment Banking review for first half 2024

LSEG Middle East & Africa Investment Banking review for first half 2024

INVESTMENT BANKING FEES

  • An estimated US$724.5 million worth of investment banking fees were generated in the Middle East & North Africa during the first six months of 2024, 23% more than the value recorded a year ago and the third highest first half total in the region since our records began in 2000. 
  • Debt capital markets underwriting fees increased 81% to US$230.9 million, the highest first half debt capital markets fee total in the region since our records began in 2000.
  • Equity capital markets underwriting fees increased 62% year-on-year to US$206.7 million.
  • Advisory fees earned from completed M&A transactions totalled US$130.7 million, a 14% increase from previous year levels.
  • Syndicated lending fees declined 28% to a four-year low of US$156.4 million.
  • Forty-seven percent of all MENA fees were generated in Saudi Arabia in the first half of 2024, followed by the United Arab Emirates (36%).
  • HSBC earned the most investment banking fees in the region during the first half of 2024, a total of US$60.3 million or an 8.3% share of the total fee pool.
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