BAHRAIN / WAM Investcorp announced that it acquired 11 new US multifamily properties. The portfolio totals 2,615 units for a combined purchase price of approximately $370 million. The acquisition marks Investcorp’s largest US real estate portfolio acquisition co- mpleted in the past decade. “This diversified acquisition marks very exciting milestone for our real estate investment team as this is the ...

Dubai / WAM Dubai’s Jebel Ali Port has emerged as the UAE’s leading hub for the used cars sector, generating some AED31.8 million ($8.6 million) in automotive spare parts trade, revealed DP World UAE Region. According to the company, the Emirate of Dubai has proved to be preferred trade hub in region for automotive and spare parts sector, with Jebel ...

Dubai / Emirates Business UAE residents are paying down debts and remitting money more regularly, as their perceptions of their financial wellbeing improve. That’s according to the Consumer Confidence Tracker Q1 2019 from yallacompare, the Middle East’s leading comparison site for financial products. During the first quarter of 2019, the Tracker polled more than 1000 UAE residents on the state ...