Dubai / Reuters National Shipping Company of Saudi Arabia (Bahri) has announced on Sunday it had signed a murabaha facility with Riyad Bank valued at whopping 1.425 billion riyals ($380 million). This facility is aimed at financing the construction cost of five very large crude carriers (VLCCs). According to the concerned authorities, the facility lasts for a period of 10 ...

DUBAI \ EMIRATES BUSINESS London was the most attractive market for Chestertons’ MENA investors, with more than AED 265 million invested into the UK capital’s real estate market. This represented over 70% of their total sales of nearly AED 379 million. “London has long been a favoured destination for investors from the Middle East region, it is a mature, well ...

Bloomberg Iron ore will probably snap back to $45 a metric ton as a nascent real-estate rebound in China won’t bolster construction demand in the world’s biggest user and supplies remain plentiful, according to McKinsey & Co. The commodity will trade between $45 and $50 a ton this year, eroding a first-quarter rally to as high as $63.74 that was ...