Cityscape Qatar concluded its latest edition with record-breaking results, generating QR1 billion ($269 million) in real estate sales, doubling last year’s figure, and welcoming 16,000 visitors over three days.
PROPERTY
@aldar Properties reported a 21% increase in quarterly net profit to AED 2.25 billion, while revenue rose 16%. Despite strong rental income and a AED 71.6 billion sales backlog, new property sales fell 45% year on year, placing greater focus on the company’s performance in the final quarter of 2026.
money
The Central Bank of Egypt raised key interest rates by 100 basis points, bringing the overnight deposit rate to 20% and lending rate to 21%, citing monthly inflation. The move ends an easing cycle that delivered 825 basis points in cuts since April 2025, while the bank pushed its inflation target timeline to the fourth quarter of 2027.
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.
lifestyle
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