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

09 May 2026

Citadel is increasing its focus on Miami operations while concerns grow over a proposed tax in New York City targeting high-value second homes. CEO Ken Griffin criticised the move and raised concerns about its impact on business sentiment. Other industry leaders also warned that such taxation could influence job creation and investment decisions. Meanwhile, policymakers are working on valuation methods to implement the tax, which is expected to affect thousands of properties. Experts remain divided on its effectiveness due to gaps between assessed and market property values.Read more

09 May 2026

New Zealand-based Infratil saw its shares reach a record high after its associate, CDC Data Centres, secured a major 555-megawatt contract with a U.S. client. The deal has taken CDC’s total contracted capacity beyond one gigawatt, reflecting strong global demand for data infrastructure. The long-term agreement and planned capacity rollout over the next few years highlight growing investment in Australasia’s data centre market, supported by renewable energy access and stable conditions.Read more

09 May 2026

DigiCo Infrastructure has announced the sale of its Chicago data centre for USD 750 million, aiming to reduce debt and strengthen liquidity while funding its Sydney expansion. The deal, expected to close in the first quarter of fiscal 2027, has significantly boosted investor confidence, pushing the company’s shares up over 25 percent. The transaction will lower net debt and improve cash reserves. DigiCo is also exploring monetisation of its Los Angeles assets and may return excess cash to investors, while maintaining its earnings outlook for fiscal 2026.Read more

09 May 2026

Sri Lankan equities ended the trading session higher on Monday, supported by strength in healthcare and real estate stocks. The CSE All Share index advanced 0.65% to close at 22,695, with SMB Finance PLC and HDFC Bank of Sri Lanka leading gains. Market activity showed lower trading volumes compared to the previous session, though turnover increased to 4.81 billion Sri Lankan rupees (USD 15.1 million). Foreign investors continued to sell equities worth 2.46 billion rupees, while domestic investors provided support with net purchases of 4.8 billion rupees, reflecting mixed participation trends.Read more

09 May 2026

Blue Owl reported better-than-expected earnings for the past quarter, supported by steady fee-related income and growth in assets under management. The firm raised USD 11 billion in new capital and saw AUM rise 15% to nearly USD 315 billion. While concerns persist around retail investor withdrawals and exposure to software-linked private credit, the company’s performance indicates continued demand. Despite market volatility and a recent decision to limit fund withdrawals, industry players maintain that private credit fundamentals remain stable, with institutional and private wealth inflows supporting long-term growth.Read more