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  • Waha Capital agrees sale of leased warehouse assets in ALMARKAZ Industrial Development to Peninsula for AED 555 million

    Abu Dhabi, United Arab Emirates: Waha Capital PJSC (ADX: WAHA), an Abu Dhabi-listed investment management company, through its wholly owned subsidiary Waha Land, has agreed to the sale of 17 leased warehouse buildings situated on five plots at the ALMARKAZ Industrial Development to Peninsula Real Estate Management Limited (Peninsula), a real estate investment company incorporated […]

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  • How will the sinking euro affect Arab economies?

    The currency remains on shaky ground as the bloc battles a looming energy crisis, rising inflation and weak economic growth The euro’s crossing of a psychological threshold last week, when it briefly hit parity with the US dollar for the first time in 20 years, may reverberate economically across some of its closest trading partners. The slide […]

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  • The real metric of economic diversification shows how far the UAE has come

    The decrease in the breakeven external oil price paints a very strong economic picture for the UAE Christopher Payne, Chief Economist at Peninsula Real Estate The exploration, production and export of oil and gas from the Arabian Gulf to the rest of the world has, undoubtedly, been an economic boon for the UAE. The dynamic […]

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