Alcazar Energy Partners has secured more than $1 billion in investments for Egypt’s electricity sector following financial close on two wind projects in Ras Ghareb, with a combined capacity of 500 MW and a total project cost of $626 million. Backed by 25-year power purchase agreements, the projects will strengthen Egypt’s renewable energy capacity and support its energy security.
PROPERTY
Emaar Development PJSC (DFM: EMAARDEV) reported a 26% year-on-year increase in revenue to AED 22.2 billion (US$ 6.0 billion) and a 24% rise in net profit after tax to AED 10.8 billion (US$ 2.9 billion) for the first nine months of 2026.
money
Barclays has opened a new office in Riyadh’s King Abdullah Financial District (KAFD), appointing Majed Al Hassoun as CEO and Head of Investment Banking at Barclays Capital Saudi. The move aims to expand the bank’s investment banking and global markets operations in Saudi Arabia, strengthen its presence across the GCC and support its wider growth strategy in the Middle East.
The growing intersection of artificial intelligence and energy is creating new investment opportunities in the UAE, as rising data-centre electricity demand drives growth across the power, gas and technology sectors.
lifestyle
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