@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.
PROPERTY
The Middle East’s steel market is forecast to grow from $44bln in 2026 to $60bln by 2031, supported by nearly $2trln in infrastructure and industrial projects. Industry leaders will gather at Fastmarkets’ Middle East Iron & Steel 2026 in Dubai from November 16–18 to discuss regional demand, trade flows, investment opportunities and the transition to lower-carbon steel production.
money
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.
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.
lifestyle
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