19 Feb 2026

Prisma Properties reported a rise in rental income for the fourth quarter, driven by stronger leasing performance across its portfolio. Net operating income also grew, supported by stable occupancy and effective cost control. Earnings from property management remained positive, and overall property values showed a modest increase. Net profit for the quarter reflected solid underlying results, although the board has opted not to recommend a dividend for the coming year. The company's performance marks a continuation of operational resilience amid mixed market conditions in the broader real estate sector.Read more

19 Feb 2026

Dangote Group has entered a USD 400 million equipment deal with China's XCMG to accelerate the expansion of its oil refinery to 1.4 million barrels per day. The agreement provides new heavy machinery for projects in refining, petrochemicals, agriculture, and infrastructure. The refinery's expansion will boost polypropylene to 2.4 million tons per year, triple Nigeria's urea production to 9 million tons annually, and increase linear alkyl benzene output to 400,000 tons. The move supports Dangote's strategic goal of becoming a USD 100 billion company by 2030 while reducing Nigeria's dependence on imported fuel.Read more

18 Feb 2026

Tamdeen Real Estate has started its latest project, The Farm, in the Sabah Al Salem area of Kuwait, under the Tamdeen Shopping Center brand. Construction costs are estimated at nearly KWD 12 million, while the total project investment, including land, is around KWD 40 million. The project continues Tamdeen's strategy of developing modern retail and mixed-use spaces in strategic locations across Kuwait. With a track record of successful commercial developments, The Farm is expected to enhance shopping and leisure options in the area and strengthen the company's position in the local real estate sector.Read more

18 Feb 2026

A unit of Red Sea International Company agreed to undertake a significant subcontract for mechanical, electrical, and plumbing (MEP) works along with related civil construction in a project based in Riyadh City. The deal, valued at SAR 175.9 million (excluding VAT), covers engineering, supply, installation, testing, commissioning and handover. The contract spans about 30 months and was signed with Modern Building Leaders. This builds on the subsidiary's track record as a leading MEP contractor in Saudi Arabia, contributing to future revenues and profits.Read more

18 Feb 2026

U.S.-based real estate investment manager Kennedy-Wilson has agreed to be taken private in a deal valued at about USD 1.5 billion by a consortium led by its Chief Executive Officer William McMorrow and Canada's Fairfax Financial Holdings. The group will acquire all outstanding shares for USD 10.90 per share in cash, an improved offer from the earlier USD 10.25 proposal made in November. The revised bid represents a 10.2 per cent premium to the stock's last closing price. Shares of Kennedy-Wilson rose about 10 per cent in premarket trading following the announcement. The transaction is expected to close in the second quarter of 2026, after which Fairfax will hold a majority economic interest, while the CEO-led management group will retain operational control.Read more

18 Feb 2026

New Zealand's housing market recorded a mild pullback in January, with seasonally adjusted home prices slipping 1.2 percent from the previous month, according to the Real Estate Institute of New Zealand. Annual prices remained slightly higher, up 0.4 percent, showing relative stability. Home sales declined nearly 9 percent from December and were marginally lower than a year earlier. The slowdown was attributed to the summer holiday period and severe weather in parts of the North Island, with market confidence recovering slowly rather than accelerating.Read more

18 Feb 2026

Saks Global is relying heavily on its real estate holdings as it works through bankruptcy proceedings following a leveraged consolidation of major US luxury department store brands. With court-supervised financing in place, the group is using time to reassess store performance, vendor relationships, and asset monetisation options. Prime locations, legacy leases, and owned properties are emerging as critical tools in negotiations with lenders and landlords. However, internal competition, stalled vendor supply, and pressure from brand-owned boutiques continue to test the viability of the multi-brand luxury department store model.Read more

18 Feb 2026

U.S. equity markets have seen a broad selloff as investor concerns over artificial intelligence spread beyond software into financial services, real estate, insurance, and logistics. The trigger was the launch of new legal AI tools, followed by rapid AI upgrades that raised fears of automation disrupting established business models. Software stocks led the decline, dragging private credit and alternative asset managers with them. Real estate brokers, insurers, and transport firms also fell as markets reassessed labour-intensive models. Analysts remain divided on whether the impact of AI is being overstated.Read more

18 Feb 2026

January inflation data in the US came in softer than expected, strengthening the case for interest rate cuts by the Federal Reserve later this year. Consumer prices rose modestly on a monthly and annual basis, easing concerns of renewed inflationary pressure. Market reactions were measured, with bond yields edging lower and equities largely unchanged. While economists acknowledged ongoing risks from labour strength and underlying services inflation, the overall trend of disinflation remains intact, keeping monetary easing firmly on the table.Read more

18 Feb 2026

Egyptians For Housing & Development Reconstruction announced a full-year net profit of EGP 74.2 million, with total revenue reaching EGP 241.6 million. The financial results were disclosed in the past week and point to stable earnings despite challenges in Egypt's real estate sector, including cost pressures and cautious market sentiment. The developer, known for its residential and land development projects, has maintained consistent profitability in recent years. The latest figures highlight steady execution and controlled financial management amid a demanding operating environment.Read more