11 May 2026

Poland’s largest construction company, Budimex reported a more than 24% year-on-year decline in net profit for the first quarter, mainly due to severe winter conditions and lower activity in its road construction business. Construction sales in Poland dropped nearly 19% as snow and low temperatures disrupted work during the initial months of the year. The company also saw reduced output after completing several high-revenue road projects executed last year. Despite weaker revenue, Budimex maintained stable profitability margins and continued to strengthen its long-term order pipeline while expanding operations into rail, energy, industrial construction and international markets.Read more

11 May 2026

Toivo Group Oyj has entered into an agreement for a regional construction project valued at EUR 4.1 million in Honkasuo, Helsinki. The development reflects the company’s continued focus on expanding its residential and regional project portfolio in Finland. Honkasuo has been seeing steady growth as a planned residential area, attracting new housing projects. This deal adds to Toivo’s ongoing pipeline and highlights its strategy of participating in mid-sized developments across key urban locations.Read more

10 May 2026

Prisma Properties AB has issued senior unsecured green bonds worth SEK 500 million under its SEK 1 billion framework, marking its entry into this funding programme. The bonds carry a floating interest rate linked to the 3-month STIBOR plus 265 basis points and will mature in May 2030. The issuance supports the company’s broader focus on sustainable financing while securing medium-term capital. With increasing investor interest in green assets, the move positions Prisma to fund environmentally aligned real estate projects and maintain flexibility for future fundraising.Read more

10 May 2026

Dubai’s real estate market recorded 13,977 sales transactions valued at AED 48 billion during April, reflecting steady demand across residential and commercial segments. Data released by fäm Properties indicated a 3.5% month-on-month rise in transaction volumes and a 10.7% increase in total sales value. Commercial real estate led growth, while apartments and plots also reported notable gains. Primary market transactions continued to dominate activity, accounting for a significant majority of deals. Dubai South remained the top-performing micro-market for the second consecutive month. High-value transactions included luxury apartments exceeding AED 100 million, while mid-segment housing between AED 1 million and AED 2 million accounted for the largest share of sales, indicating a broad-based demand profile across price categories.Read more

10 May 2026

Fervo Energy has indicated plans for an initial public offering in the United States with a target valuation of up to USD 6.5 billion. The company is also looking to raise up to USD 1.3 billion through the IPO by issuing 55.6 million shares in a price range of USD 21 to USD 24 each. The Houston-based geothermal energy developer focuses on advanced geothermal systems that provide continuous, carbon-free electricity as an alternative to solar and wind power. Major financial institutions, including J.P. Morgan, BofA Securities, RBC Capital Markets, and Barclays, are acting as joint lead book-running managers. The company plans to list on Nasdaq under the symbol “FRVO.”Read more

10 May 2026

Bahi Ajman Palace Hotel and Coral Beach Resort Sharjah are projecting occupancy levels of around 90 per cent during the upcoming Eid Al Adha holiday period amid rising staycation demand across the UAE. The two Northern Emirates hospitality properties stated that domestic leisure travel and festive bookings have strengthened significantly ahead of the holiday week. In response to the anticipated surge in visitors, both hotels have introduced cultural programming, family entertainment and wellness-focused recreational offerings. The projected occupancy reflects sustained demand for beachfront hospitality assets in Ajman and Sharjah, where competitively priced staycation packages and family-oriented experiences continue to support the regional tourism and hospitality market.Read more

10 May 2026

EagleRock, a US-based land management company operating in the energy sector, is planning an initial public offering aiming for a valuation of up to USD 2.6 billion. The company intends to raise up to USD 346 million by offering 17.3 million shares in the price band of USD 17 to USD 20 each. The move comes as investor interest in the energy sector improves with easing geopolitical tensions in the Middle East. The firm, which earns royalty-based income from oil and gas activities on its land holdings in the Permian Basin, also plans to diversify into energy transition areas.Read more

10 May 2026

Operations at Dubai Airports are being steadily scaled up after UAE airspace returned to normal following earlier disruptions linked to the Iran conflict. Chief executive Paul Griffiths indicated that capacity is increasing in line with available routes and airline schedules. Despite the temporary restrictions, Dubai International Airport and Al Maktoum International Airport handled more than six million passengers, over 32,000 aircraft movements, and 213,000 metric tonnes of cargo. However, DXB’s quarterly passenger traffic declined year-on-year, reflecting the impact of airspace closures, even as underlying travel demand through Dubai remained resilient.Read more

10 May 2026

Dubai’s residential property market is witnessing a structural shift towards long-term ownership, according to an analysis by Dubai-based brokerage fäm Properties covering more than 1.1 million Dubai Land Department transactions. The study found that a substantial share of buyers across both primary and resale segments have continued to hold their properties for several years, indicating reduced speculative activity and increasing end-user participation. Data showed that nearly 70% of primary market homes purchased since 2012 and over 61% of resale properties acquired since 2009 have not been resold. The findings place Dubai’s ownership trends closer to mature global markets such as London and New York, where homeowners typically retain assets for more than a decade. Industry stakeholders attributed the shift to long-term residency policies, regulatory reforms, infrastructure expansion and the growing maturity of Dubai’s housing market.Read more

09 May 2026

Ladun Investment announced that a consortium it is part of has secured the Namar infrastructure project under the first phase of the Real Estate Balance Programme. The project is valued at SAR 326.7 million. The development marks a step in the broader push to improve infrastructure linked to real estate growth. The programme focuses on supporting housing and urban expansion through better infrastructure delivery. This award adds to Ladun Investment’s ongoing involvement in construction and infrastructure projects across the region.Read more