Laval is expanding beyond Kuwait to Dubai, a key regional business hub, as part of its growth plan. Situated in the financial sector, Laval aims to strengthen its market position in MENA by using Dubai's economic vitality to foster growth and innovation.
July 20, 2025
Jahez enters Qatari market with $245m acquisition of Snoonu.
Saudi-listed delivery platform Jahez plans to acquire a controlling stake in Qatar’s Snoonu through a $245 million deal, its first in Qatar. Completion, involving $225 million for 75% of Snoonu and $20 million for a 1.56% stake, is expected in H2 2025, pending regulatory and shareholder approvals.
July 9, 2025
Real Estate Trading Volume Exceeds QAR 582 Million in Week
The real estate trading volume in sales contracts registered with the Ministry of Justice during June 29 - July 3 was QAR 535,284,911, with total sales for residential units hitting QAR 47,646,922. From June 22-26, the department registered transactions exceeding QR 374 million. (QNA)
July 10, 2025
KIA offloads Bank of America stake for $3bn
Shares were sold in an unregistered block trade at $47.95, the low end of Goldman Sachs's range, according to Bloomberg. The sale was at a 1.5% discount to Monday’s close, and the stock ended Tuesday 1.5% lower at $47.15. Last month, KIA announced it would join BlackRock’s AI Infrastructure Partnership, which aims to invest up to $100 billion in AI technologies. KIA owns 5.2% of BlackRock.
July 9, 2025
Saudi POS spending up 5% in early July, driven by the hotel sector
Saudi Arabia’s POS transactions rose 5% to SR14.3 billion ($3.81 billion) by July 5, driven by sector spending. Hotels led with a 22.7% increase to SR260.74 million and 18% more transactions to 802 million. Telecom grew 9.8% to SR136.09 million. Public utilities increased 8.8% to SR56.92 million, with 7.2% more transactions at 740 million. Food and beverages, the largest POS share, rose 6.9% to SR2.13 billion.
July 9, 2025
Iraq’s construction boom sets the stage for Project Iraq – Baghdad 2025
Iraq is experiencing significant growth in its construction sector, fueled by investments in infrastructure and urban development. Projected to grow 5% annually from 2024 to 2027, there's increasing demand for quality materials, innovative tech, and eco-friendly solutions. Iraq aims to rebuild and modernize its economy with energy, transport, and urban projects.
June 2, 2025
Laval is strategically extending its presence beyond Kuwait to Dubai, a leading global regional business hub, as part of its expansion strategy. Situated at the epicenter of the financial services industry, Dubai offers a dynamic environment rich with opportunities for business growth and innovation. Laval aims to strengthen its market position across the MENA region by establishing a strong foothold in Dubai, leveraging the city's economic vibrancy, diverse talent pool, and state-of-the-art infrastructure. This expansion not only broadens Laval's regional footprint but also enhances its ability to serve a wider client base, foster strategic partnerships, and capitalize on emerging market trends in the region.
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