Dubai real estate: Kamdar Developments breaks ground on 105 Residences in JVC
A 105-unit luxury residential Dubai project starting from $174,000 with completion expected in early 2027
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Gulf Today
41 minutes ago
- Gulf Today
elegant hoopoe Spotlights GCC Franchise Investment with Strategic Expansion
DUBAI, UAE – Esteemed weight loss and aesthetics clinic, elegant hoopoe, today announced a pivotal strategic move into franchising across the Gulf Cooperation Council (GCC), with a pronounced emphasis on the dynamic UAE market. This initiative is strategically designed to elevate the brand's social proof and capture heightened investor interest in its continued growth narrative. Mr. Shahriar Shahir Barzegar, the Founder and CEO of elegant hoopoe, has successfully guided the Dubai-based company to its current position of operational strength. With three flourishing branches already serving a discerning clientele, the brand has validated its business model and demonstrated significant market appeal for its specialized, high-end services. Further underscoring its expansionary vision, elegant hoopoe is advancing with plans for new clinic inaugurations in two key UAE locales: Abu Dhabi and Damac Hills. These developments are crucial components of the company's strategy to enhance the accessibility of its signature client experience, which harmoniously blends a welcoming ambiance with elegant and aspirational service delivery. "Our strategic entry into franchising is a transformative step for elegant hoopoe," remarked Mr. Shahriar Shahir Barzegar. "We have meticulously engineered a scalable and successful operational blueprint that consistently delivers superior client results within a sophisticated clinic setting. We are now inviting forward-thinking investors and partners who resonate with our vision to introduce elegant hoopoe's acclaimed services to a wider audience across the GCC. This is more than expansion; it's about cementing a leadership position as a credible and sought-after brand in the wellness and aesthetics landscape." The long-range strategy for elegant hoopoe is focused on achieving significant market presence and brand recognition throughout the GCC. Central to this is a franchise model developed to provide robust support to partners, offering a transparent and effective framework for operational success and investor value. elegant hoopoe is committed to empowering its franchisees with the comprehensive tools and in-depth knowledge necessary to consistently deliver its high service standards. This targeted franchising program is poised to attract investors and strategic allies eager to collaborate with a progressive brand dedicated to making meaningful contributions to personal wellbeing and aesthetic enhancement. elegant hoopoe remains firmly dedicated to principles of sustainable growth, unwavering brand integrity, and the delivery of exceptional value to its clients and franchise network. About elegant hoopoe: elegant hoopoe is a leading clinic in weight loss and aesthetics, headquartered in Dubai, UAE. Founded by Mr. Shahriar Shahir Barzegar, the clinic offers a curated selection of specialized services, enabling clients to achieve their wellness and aesthetic goals within a uniquely welcoming, elegant, and aspirational setting. With a steadfast commitment to innovation and client-centric care, elegant hoopoe is strategically positioned for significant growth and market leadership across the GCC. Discover more at .
Zawya
44 minutes ago
- Zawya
Rabee Securities Iraq Stock Exchange Index posts 0.7% growth in May
Baghdad, Iraq: The Rabee Securities Iraq Stock Exchange Index (RSISX Index) rose by 0.7% in May, supported by gains in Asiacell, Baghdad Soft Drinks, National Bank of Iraq, and Al-Mansour Bank. Meanwhile, the RSISX Total Return Index (RSISXTR) outperformed, rising 6.4%, driven by strong dividend activity. Key contributors included Bank of Baghdad (IQD0.65 per share, 14.5% yield), Asiacell (IQD1.50 per share, 11.5% yield), and Al-Mansour Hotel (IQD0.17 per share, 0.4% yield). Tugba Tan Karakaya, Equity Analyst at Rabee Securities, commented: 'The market's performance this month reinforces investor confidence in core sectors like banking and telecom. Despite softer trading volumes, we are seeing healthy signals in dividend yields and price movements. As Iraq advances on reforms and financial inclusion, the medium-term fundamentals remain promising'. Total trading volume on the Iraq Stock Exchange (ISX) declined 21% month-on-month to USD 21.8 million. Excluding cross-transactions, the volume stood at USD 18.2 million, a 24% drop. The banking sector remained dominant, accounting for 60.1% of trades, followed by telecom (19.8%), industry (13.1%), services (3.2%), agriculture (2.1%), and hotels & tourism (1.6%). Trading activity in the OTC market also dipped 10% to USD 88.5K. In May, 27 companies recorded share price increases. Of these, 13 rose more than 5%, and 9 gained over 10%. Al-Ahlyia for Agricultural Production led the market with a 67.4% surge, followed by Al-Hilal Industries, up 42.5%. On the macroeconomic front, Iraq welcomed several key developments during the month. The IMF, during its May 4–13 visit, called for urgent reforms including fiscal consolidation, restructuring of state-owned banks, and private sector expansion. The 34th Ordinary Arab League Summit was held in Baghdad on May 17, hosting delegations from 20 Arab countries. Meanwhile, the Central Bank of Iraq (CBI) launched its first National Financial Inclusion Strategy (2025–2029), aiming to expand secure access to financial services nationwide. Additionally, Iraq signed a strategic deal with a consortium led by China-based Geo-Jade Petroleum and Basra Crescent. The agreement targets a fivefold increase in output from the Tuba oil field rising from 20,000 to 100,000 barrels per day and includes investment in downstream infrastructure totaling $848 million.
Zawya
an hour ago
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Oman: Bank Muscat successfully manages $259mln sovereign sukuk issuance
Muscat: Bank Muscat, the leading financial services provider in the Sultanate of Oman, announced that it successfully managed series 9 of the Sovereign Sukuk Issuance launched by the Oman Sovereign Sukuk Company, with a total value of OMR100 million. The sukuk carries a 7-year maturity and offers an annual profit rate of 4.65%. Bank Muscat was appointed as the official issue manager and collecting bank for the subscription, in collaboration with other local financial institutions. This mandate reinforces the bank's leadership in executing major investment transactions within the Sultanate and across GCC capital markets. The Oman Sovereign Sukuk Company had opened the subscription window from 27th May to 1st June 2025, with the sukuk settlement scheduled for Wednesday, 4th June 2025. The sukuk was priced within a competitive yield range, with an average yield of 4.625%, a minimum yield of 4.57%, and a maximum yield of 4.64%, reflecting strong investor confidence and market stability. The sukuk payouts will be made semi-annually on 4th June and 4th December each year until maturity on 4th June 2032. The issuance witnessed participation from all categories of investors, retail as well as institutional. The sukuk is structured in accordance with Sharia-compliant principles and is fully tradable on the Muscat Stock Exchange (MSX) at prevailing market prices. All allocation details and investor records will be maintained and administered by Muscat Clearing and Depository Company, as the central registrar and depository for the sukuk. Commenting on the occasion, Khalifa Abdullah Al Hatmi, Deputy General Manager, Investment Banking and Capital Markets at Bank Muscat, expressed pride in collaborating with the team at Oman Sovereign Sukuk Company and the Ministry of Finance, Sultanate of Oman for this successful issuance. He noted: 'The Bank's appointment as the official issue manager for the sukuk issuance is a testament to the company's trust in Bank Muscat's capabilities and leadership in managing major investment transactions for a range of corporate and institutional clients. The Bank, represented through its Investment Banking and Capital Markets division, has extensive experience in structuring and executing large-scale capital market deals, both on debt as well as equity side, and its specialized team is well-equipped to navigate evolving market dynamics and complexities. Bank Muscat is committed to supporting the growth of local financial markets by offering a comprehensive suite of banking and financial solutions tailored to institutional and retail customers alike.' The selection of Bank Muscat as the issue manager underscores its strong local, regional, and international reputation among individuals, corporates, and financial institutions. Demonstrating its role as a key player in advancing the Sultanate's financial landscape, the Bank continues to build on its market-leading position by delivering innovative financing and advisory solutions. These include corporate and project finance, debt restructuring, public offerings, equity-linked instruments, private placements, and mergers and acquisitions. © Muscat Media Group Provided by SyndiGate Media Inc. (
