Masdar has agreed to acquire and develop a 550+ MW solar project in Greece from Lightsource bp, with operations expected by the end of 2026. The project will power over 200,000 homes annually, with plans to integrate battery storage. A separate partnership with Khazna Data Centers will explore clean energy solutions to support Greece’s growing digital infrastructure.
PROPERTY
Dubai Municipality has awarded AED 3 billion in contracts for four new projects under Phase 3 of the Tasreef Programme, covering nearly 100 sq km and adding around 100 km of stormwater drainage lines. Part of a wider AED 30 billion initiative, the projects aim to boost drainage capacity, reduce water accumulation and strengthen Dubai’s resilience to climate change and future urban growth.
money
Egypt is moving closer to launching short selling as the Financial Regulatory Authority introduces a model agreement governing securities borrowing, collateral requirements and risk management. The centralized lending system operated by MCDR is undergoing live testing ahead of its anticipated launch, with the framework designed to protect market participants and standardize transactions.
Saudi Awwal Bank (SAB) reported a 3% year-on-year increase in net profit to SAR 6.58 billion for the first nine months of 2026, while net loans and advances grew 11% to SAR 325 billion. The bank also recorded improved quarterly operating performance, reflecting continued strategic execution and disciplined risk management.
lifestyle
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