SHARJAH/WAM The value of real estate trade in the Emirate of Sharjah increased during the first half of 2024 by 35.6 percent, compared to the same period in 2023, with over AED18.2 billion. This is mainly due to the increase in sales transactions, recording 10,809 transactions compared to 6,592 recorded during the same period last year. According to the semi-annual report on the real estate sector issued ...

DUBAI/WAM Al Ansari Financial Services (AAFS) has signed a Sales and Purchase Agreement (SPA) to purchase 100 percent of BFC Group Holdings W.L.L., (BFCGH), a prominent foreign exchange and remittance group incorporated in Bahrain, for a total acquisition purchase price of US$200 million (AED735 million). AAFS plans to secure financing under customary market terms to finance the acquisition. The acquisition ...

ABU DHABI/WAM The Abu Dhabi Business Centre at the Abu Dhabi Department of Economic Development (ADDED) announced the addition of 12 new economic activities to the Tajer Abu Dhabi (Abu Dhabi Trader) licence, allowing investors to obtain an economic licence without the need to work from a physical location or to pay rent on commercial space for three years. ADDED ...