Dominic Dudley

1 month ago | semafor.com | Dominic Dudley

Two years after the UAE said it would invest $51 billion in Türkiye, few deals have been done, amid mismatched expectations between Gulf buyers and Turkish sellers, according to Bloomberg. It illustrates how government investment pledges are often announced with much fanfare, but words are not always followed by actions. Timing seems to be a major factor — Türkiye’s economy is far healthier than when the investment pledge was made in July 2023.

1 month ago | africa-energy.com | Dominic Dudley

Issue 522 - 04 Mar 2025 - By Dominic Dudley | 1 minute read Nigeria LNG is reportedly due to pay at least $380m to compensate trading houses Vitol and Glencore over undelivered cargoes in 2020/21, following a Court of Appeal ruling in London.

1 month ago | semafor.com | Dominic Dudley

The Saudi property market has rebounded after four years of decline, but soaring prices and high interest rates are locking out many locals, especially renters. Residential sales jumped 38% last year, reaching 165 billion riyals ($44 billion) — the highest level since 2015, according to real estate consultancy Knight Frank. Broader homeownership ambitions, however, are fading: In 2022, 84% of renters planned to buy within a year; by 2024, that figure had dropped to 29%.

1 month ago | yahoo.com | Dominic Dudley

The NewsThe Saudi property market has rebounded after four years of decline, but soaring prices and high interest rates are locking out many locals, especially renters. Residential sales jumped 38% last year, reaching 165 billion riyals ($44 billion) — the highest level since 2015, according to real estate consultancy Knight Frank. Broader homeownership ambitions, however, are fading: In 2022, 84% of renters planned to buy within a year; by 2024, that figure had dropped to 29%.

1 month ago | semafor.com | Dominic Dudley

The UAE is exploring sea routes to improve travel between Abu Dhabi and Dubai. Abu Dhabi’s Strategic Development Fund (SDF) is partnering with US-based Regent Craft to manufacture electric seagliders in the country. The Rhode Island startup says its 12-seat Viceroy gliders — which fly 30 feet above open water at speeds of up to 180 mph — offer helicopter-like speed at taxi prices. The 100-mile trip between Abu Dhabi and Dubai could take just 30 minutes and cost around $45.