Capital markets
US dollar achieved its best weekly and monthly performance since April
Saudi Downtown Company
Project will create new investment opportunities in key sectors
Saudi Egyptian Investment
B.TECH expects to increase its sales to EGP15 bn in 2023
Oil
Reports suggest coalition will reduce output by more than one million barrels
Marafiq
Offering will correspond to a 29.24% of the company's shares on Tadawul
credit swiss
Credit Suisse tries reassuring investors as financial fears rise
has a market capitalization of AED 1.96 billion
Dubai metaverse
DAMAC Properties targets monthly online-only sales of $150 mn by mid-2023
ADNOC
Project linka 2 ADNOC-owned offshore facilities to Abu Dhabi's onshore grid
Waste management
10-year contract to deliver collection, transportation, and cleaning services
Energy exports
Exports are significantly higher than they were last year
Medlab
The exhibition will explore the latest laboratory technology and innovation
WETEX
"Event showcases UAE’s achievements in renewable, clean energy sector"
Oman
Including an investment of $3 bn to set up railway linking Oman to UAE
IHC
Company aims to expand its digital portfolio
Prices have fallen sharply this month by about 30 percent
Egyptian pound
CBE decided lately to keep key interest rates unchanged
Medical tourism
Medical tourism industry generated AED 12.1 bn in 2018
Bitcoin
Ether rose 4 percent to a one-week high of $1,389
UAE
Mask rules dropped in most public places
Egypt
First tranche of the offerings to be announced within four weeks
Gas export
108 international agreements signed valued at $22 bn for gas excavation
capital markets
Investors worried about interest and inflation are affected by growing fears of a recession
LNG
Germany seeks to diversify energy sources amid reduced supply of Russian gas
Qatarenergy
French energy firm will have a 9.3% stake in North Field South gas project
The first privately owned company to go public in the UAE
Manufacturing
Manufacturers must navigate soaring costs, supply chain issues
ADNOC
Project to reduce carbon footprint of ADNOC’s offshore operations by 30%
Energy transition
But more realism about the scale of the challenge is need to properly address it
VC investments
More start-ups, institutional investors choosing to reside in region
Türkiye
Turkish lira fell to a record low of 18.42 per dollar
Gulf banks
Driven by high oil prices, high interest rates, and new projects
Salik
Offering more than 49 times oversubscribed
Bahrain
New land masses, tourism, to spur further economic revival
Emaar
Abolition of minimum contribution of UAE, GCC nationals also passed
Non-oil exports
Merchandise exports rose by 58.8% year on year
Instant payments
CBUAE also looking at improving consumer protection framework in the country
Germany LNG
As part of the country's efforts to diversify oil imports way from Russia
Arabsat
The 7A will ensure more efficient use of spectrum
Energy crisis
“Even if the conflict in Ukraine stopped today, the crisis would not end”
Salik's IPO
The qualified investor subscription period will expire tomorrow
Capital markets
Short-term bond yields continue to rise with anticipation of the Fed's decision
Boeing
Region's passenger traffic anticipated to increase by 4 percent yearly
Dubai townhouse
Deal joins a series of other successful transactions
UAE carbon emissions
Council also discussed enhancing current gas cylinders to advanced ones
It’s world’s largest investment forum dedicated to frontier emerging markets   
Sara Al-Suhaimi
Al-Suhaimi held for 20 years senior leadership financial positions in Saudi
IHC
IHC didn't disclose a value for the acquisition
Oman plastic bags
Decision will have no effect on local plastic bag factories
Distinct opportunities for GCC banks as they progress along the maturity curve
Food scarcity
Nothing available for consumers to buy in stores
Kuwait sustainable tourism
A net-zero carbon community that will accommodate up to 100,000 people
Elon Musk
Two parties scheduled to square off in court on Oct. 17
Lumina
Overall market softening heightened transactional volume of M&As
Arab Health
The UAE reaffirms its position as a global healthcare hub
Wio
Bank said it would focus initially on SMEs
Rental demand surge
Real estate rental market sees demand outstripping supply
Tabreed
Company amended Articles of Association to remove ownership cap
Banking
But half will not meet targeted revenue expectations
Salik
After the offering, Dubai government will retain 80% of the company
Iron and steel projects
"Saudi priorities include localizing steel products of all types"
Supply chains
Initiative to also focus on forging partnerships with manufacturers from private sector
UAE
As part of the AED 9 bn T-Bonds issuance program for 2022
Saudi
Saudi driving structural changes in the sector
Samsung
Consumer-electronics purchase behavior constantly changing
Euro
On Ukraine gains, rate hike forecasts
UAE
Total number of active in-production licenses was 866 in June
Chip
Biden to hit China with broader curbs on U.S. chip and tool exports
Saudi
Existing, under-construction factories in Saudi reached 10,685 in July
Amaala
Project expected to contribute SAR 11 bn to the country’s GDP
Saudi
Agricultural crop production increased to 4.77 mn tons
ADNOC
To supply fuel required to generate electricity at the Hassyan power complex
UAE
Cumulative credit balance amounted to AED 718.1 bn in June
ADCB
Transaction attracted $1.9 bn in orders from regional, international investors
Yen
Reaching a level last seen in August 1998
UAE stocks
Gains were notable in the realty, banking, and telecom sectors
Economic stagnation is not a condition for decline in oil demand
Investcorp
As part of the recently launched Investcorp Saudi Pre-IPO Growth Fund LP
Dubai Can
Initiative has seen 46 fountains installed across the emirate since launch
Euromoney
"We are committed to carry out vision programs, broaden economic base"
Gold
The Qatar Central Bank was the largest buyer
Russia’s response to capping oil prices is more shipping to Asia
Capital markets
Labor market data indicators raised expectations with a hardline FED approach
Euro
It fell 0.70 percent to $0.9884
The Dubai government will retain 80% following IPO
PIF
To promote digital transformation in the real-estate sector
Wall Street Journal: Russia opposes plans to cut production
UAECB
Investments of banks  in UAE rise by 4.3% on annual basis
Truss favorite to lead Conservative Party, run Downing Street, come Monday
Qatar
It is the most expensive hospitality box in the competition
About 35 countries are experiencing a major food crisis
Aging
Scientists zooming in on specific proteins that help old minds stay young
Stock exchange
Value of Arab stock exchanges rise to $4.49 tln
UAE
The new pricing includes 5% value added tax
Bahrain
Basic materials sector recorded highest growth rate in total profits
Qatar
Production to start in Q1 2026 in Mesaieed Industrial City
ECB
Goldman Sachs expects 75 basis points rise in interest rates
stc
Largest capital increase for listed company in Saudi stock market
ADNOC
Announced contracts are largest of their kind in oil and gas
Egypt
Demands to provide dollars to ensure tea imports
ICT solutions
stc: "Today, we have reached 70% Saudisation rate"
Main catalyst for oil price improvement is Saudi Oil Minister’s comment
Russian gas
Gazprom will "completely" suspend its gas deliveries to France's Engie
Climate change
Manufacturing, distribution to be hit hardest and costing $4.2 trn
Amazon
Greater choices to serve end users from data centers in the UAE
Dark kitchens
Restaurant-to-home delivery industry will be a $500 bln market globally
Dubai Diamond Exchange
DDE has traded 90 billion carats of polished diamonds since 2012
Qatar
Step to contribute to the development of the fintech sector
Taaleem
Taaleem picked EFG-Hermes, Emirates NBD Bank to lead IPO
China
Japanese stocks recouping losses
Egypt
Beverage industry, electrical appliance production rose by 15.54%
IMF
“IMF approved 7th, 8th reviews of fund facility for Pakistan”
The standard European gas price has risen 550% in past 12 months
supply chain
Drought, flooding make water crossings impossible to navigate
markets
In just 8 minutes, Powell caused a market downturn that wiped out about $78 billion
BEAAH
Adoption of green pathways is a gender-neutral responsibility
inflation
They are at risk of losing the confidence they built over decades
Housing projects
Investments of NHC in the Eastern Province exceed SAR20 bln
female
18% increase in share of Emirati female investors among Saxo Bank clients
Powell
“We will use our tools aggressively to attack inflation”
Property deals
Residential property deals fall in major Saudi Arabian cities
COP 27
The African continent needs billions in assistance for food security
Virtual hospital
Center will serve Bedouin communities in South Sinai
Kingdom Holding
Profits slightly increased by 3.6% in Q2 2022
Qatar
Qatar is evaluating investments in Pakistan’s main airports
Nuclear negotiations with Iran and their return to oil markets
Emaar
The deal is expected to close in the next 6 months
Rua Al Madinah
Project spans over 1.5m sqm area, set to add 47,000 hotel rooms by 2030
Palm Sports
Company to provide 350 world-class Jiu-Jitsu coaches across UAE
Kuwait
Al-Faris: Since 2020, OPEC+ successfully maintained oil market stability
Banking fees
Investment banking fees in MENA amounted to $806 mln in H1
Non-oil exports
Oil exports jumped to SAR 117.7 bln, up from SAR 60.6 bln in 2021
MAF
Driven by a steady economic recovery in retail, leisure sectors
Oil
Output cuts likely to coincide with Iran’s possible return to oil markets
Tamara
Funding will be used to support innovation in payment and shopping
Oil
OPEC + will soon begin working on a new agreement for post-2022
Commodity
There is an increased risk that the world economy will slow down
US Department of Agriculture expects production to fall to the lowest level since 2009-2010
offshore
Exploration contributes to energy security, additional gas supply to Europe
Egypt
Trade exchange between two countries surged by $1.2 bn in Q1
Emaar
Emaar will receive the total value of the selling price in cash
Financial Markets
A volatile week on Wall Street with widespread drop in stocks at week’s end
Loan
The borrower may face a travel ban in the execution case
Arab banks
It surpassed the pandemic with no adverse effects on its financial balance sheets
Bahrain
As part of the country’s vision to adopt a circular carbon economy
Oman
10 bidders have been qualified to proceed to the next stage
Oil
Azour: "Critical to maintain fiscal discipline and momentum on reforms"
SMEs
The beneficiaries should be members of accredited SME funds or programmes
Pakistan
IMF scheduled an Aug. 29 meeting to discuss country's loan
COP27
Third filling of Nile dam heightens Ethiopia-Egypt crisis
Payment
The move comes in response to customers’ suggestions and requirements
EFG Hermes
Group operating revenues grew by 28% Y-o-Y to EGP2.1 billion
capital markets
Fears that the global economic slowdown will curb energy demand
Dubai
Mainstream market has seen annual growth in demand of 10.1%
Royal Swiss electric vehicle
Royal Swiss Auto offers vast range of EV care and maintenance services  
Covid vaccine
Vaccine expected to be available to adults as a booster jab from the fall
GCC Hotels
Some hotels are not being able to access dedicated internal support
UAE companies raised $699 million in H1
Kingdom Holding
Including 1.97 billion riyals in Russian energy companies
Green
Summit reflects UAE's unlimited support for energy, climate change issues
Orascom
Net profit increased to EGP 391.5 mn in Q2 2022
Tadawul
Its market value reached about $2.8 trillion in 2021
Banks
Reflecting strength of financial solvency, high liquidity
Oil
Production at several US offshore platforms in the Gulf of Mexico has resumed
Agility
Drop attributed to inclusion of results of discontinued operations
Langya
The shrew animal is thought to be responsible for spreading virus
More than $220 billion in loans can be linked to unfinished projects
Emaar
Emaar to buy Dubai Creek Harbour from Dubai Holding for $2bn
Egypt
Shops and malls will have to limit their use of strong lights
Ukraine ranks last in the list of top 10 wheat-producing countries globally
COP27
Poorer countries scream foul, and China out of climate negotiations
Shuaa
Busines addressing non-cash expenses, optimisation measures
ADNOC
Contract awarded by ADNOC Offshore to ADNOC Logistics & Services
OPEC
This is due to war, inflation, and plans to contain Corona
Pakistan
Pakistan moving closer to the resumption of the IMF program
There is uncertainty about how quickly any new crop can be harvested
Bayzat
Fund to be used to strengthen Bayzat's technical development team
IHC
Deal in line with IHC’s long-term investment strategy in the clean energy sector
DEWA
UAE’s growing energy demand boosted DEWA profits
PIF
"Deal in line with Egypt's plan to encourage FDI"
Kuwait
This is the second increase in discount rates in several weeks
the dollar index fell 1.025 percent
TAQA
Earnings before interest, tax depreciation amounted to $3.1 bn
Rents
Expatriates make up 88% of the country's population
Crossing
Protocols for entry of football fans to be proposed during sporting event
Suez Canal
To confront crises and emergencies in the country
Kuwait
Annual rent allowances amount to KD 169.8 million
Goldman Sachs revised its oil price forecast to $110 a barrel
Salik
Salik is still planning to list its shares on Dubai Stock Exchange in September
Profits
H1 total revenue increased 121% to AED 21.93 bn
moon
Colonization of the moon and interplanetary travel have began
Contract
Project involve developing steam turbines at Al-Subiya power plant
Oil
Brent crude futures fell 74 cents, or 0.8%, to $94.18 per barrel
saudi egypt
Focusing on investing in several key sectors
Saudi oil
The highest quarterly surplus since data publication began in early 2016
Gold exchange-traded funds lost $4.5 billion in July
Banking
As of end-June, sector loans totaled 6.3 trillion lira
IPOs
9 IPOs raised $9 bn in Q2 2022
Qatar
WHO confident in Qatar's ability to host the World Cup successfully
COP 27
Summit will be crucial to Africa’s response to climate change
Tabby
The firm's total capital raised to date amounts to $275 mn
Stocks
Apple leads the list as tech giants draw focus
ESG
41% of regional investors wanted to implement effective ESG policy
Saudi Crown Prince visit to Sultanate saw signing of 13 agreements
Guidelines
Regulations to manage risks related to money laundering
Aramco
Acquisition fits in with growth strategy for lubricants, says Aramco
Al-Futtaim
Results reflect continuing rebound for automotive industry
Bond
Total issuances in H1 stood at $4.2 tn, down 11%
Tech
Tech select sector increased by 12% last month alone
Bahrain
Market will be a unified, comprehensive platform for closed joint stock companies
Pound
Central Bank offered purchase price of US dollar against EGP 19.01
Markets,
Markets focus on a possible slowdown in rate hikes rather than a recession
Assets
Assets rose 2.9% to 3.442 trillion dirhams
Shares
Driven by strong gains and new listings
OPEC Sec Gen: Russia's presence in alliance key to agreement success
Ahli
AUB delivered outstanding performance and strong financial results
Financial
International investors accounted for 72% of the new investors
macron and crown prince
Crown Prince Mohammed: Desire to strengthen strategic partnership
Financial wealth
The Boston Group: The UAE is in a very good position
Amazon
Offering reassurance to an earnings period weighed down by inflation
Gold
Gold demand in the 3 months to end of June dropped to 948 tonnes
Rains
Authorities urged residents not to leave their homes unless necessary
Bank
For failing to comply with due diligence and reporting procedures
Bitcoin
On Wednesday, Bitcoin increased nearly 9% to $22,792.02
الشارقة
For promoting sustainable development, community living in the UAE
Monkeypox
CDC issued a Level 2 travel health notice in late May
Amazon
Over 300 mn items were purchased by Prime members worldwide
Approval of $150 million World Bank wheat supplies loan agreement  
Bank
On higher operating income, lower expenses
Connecting electricity grids provides cheaper green energy
ADNOC
Project is key component of ADNOC's strategy for gas self-sufficiency
Microsoft, Alphabet yesterday... meta today, Apple, Amazon tomorrow
longevity
Advancements in computer technology have vastly outpaced those in the medical field
Secrecy
Parliament amended the original formula... Will the IMF concur?
Bahrain
Partnership to boost industrial manufacturing value to $112.5 bn
Energy Forum: to return to the level of $525 billion by 2030
Fuel
Fuel is among the most requested reimbursements for UAE employees
"The Line" addresses urgent challenges facing humanity
Bank
Investments amounted to 472.7 billion dirhams
Property
$3 bn worth of property transactions sealed in Dubai one week
Borouge
"We have safely completed 1.5 mn man-hours since the project's inception"
Trade
Non-oil exports increased by 27% to $7.4 billion
Capital Markets
The best week for stock markets, supported by a recovery in technology shares
Barclays
The financing is expected to be completed within days
Agility, digitization, leadership, passion are driving forces behind exchange
Q-commerce
The platform aims to provide a highly personalized shopping experience
Grain
"Today, there is a beacon of hope, possibility on the Black Sea”
Grain
"It's crucial to resume export of stuck grains through Ukrainian ports"
Abu Dhabi
Confidence among investors reflects the market's attractiveness
Saudi
Saudi, UAE banking sectors face contrasting liquidity dynamics
Stock
The Egyptian army controls a large portion of the economy
Amazon Prime day
Prime members can enjoy an entire year of exclusive deals
Gold
With up to $1.36m in fines for businesses in breach
Monkeypox
Patient was placed in hospital isolation to receive necessary medical care
UAE
Country requests bids for waste-to-energy project
Hotel
Nearly 600 keys are expected to be delivered by the end of this year
Prime members can save big on Amazon.ae
Kingdom
In May, Saudi's PIF purchased a 16.87% stake in KHC
Ooredoo
Mobile data remains difficult to access in parts of Myanmar
Approving privileges of real estate investment trusts
Test if you have any infections. You really need to resolve this before getting started
$43.7 billion in total M&A values in the MENA
Electricity
Global electricity demand is expected to rise by 2.4% in 2022
Assets
Bank deposits increased by 0.9 percent to AED2.006 trillion
DEWA
Capital expenditure will include expansion of renewable, clean energy projects
Many countries at risk of declaring default on their debts
Sinking
Millions to be displaced as rising waters reclaim heavily populated lands  
Automotive
“By 2035, CO₂ emissions in the UAE will be reduced by 24,000 mt”
ADNOC
It follows signing of UAE-France Comprehensive Strategic Energy Partnership
Russia
Russia to undermine the dollar's hegemony by disengaging the "petrodollar
Saudi Foreign Minister Prince Faisal bin Farhan on official visit to Japan
VAriant
BA.5 having a field day, but many others on the way
Turkey
Turkish economy had long benefited from a stronger euro than the dollar
French
Sheikh Mohamed bin Zayed visits the French National Army Museum
Pound
Pound reached a low of 18.91 pounds against the dollar
Etihad
Company's shares trading at $1.03 shortly after market opens
markets
Yield curve inversion gap biggest since 2000 pointing at recession
America acquires 11% of Saudi foreign trade in 10 years
The Public Investment Fund is betting on the future of the automotive and transportation
Prices
Both major benchmarks for crude shed more than $5 a barrel
It seeks to transform the Kingdom into a global hub for air travel
Bank
The bank announced preliminary unaudited financial results for H1 2022
EFG
The transaction follows successful advisory transactions in the GCC, Egypt
Property
houza aims to lower listing fees for agencies
Egypt
Prices of diesel supplied to the food and electricity industries were fixed
Euro
For first time since 2002
TotalEnergies
UAE, France are expected to launch a business and investors club
DP
Deal aims to boost trade ties with promising global markets
Historic decline for the first time in 20 years
"OPEC" does not expect breakthrough in supplies for 2023
Musk
Twitter said it was confident the company would win the case
Lebanese telecom
One of the main challenges is failure to implement law 431
Twitter
The takeover deal is in "serious jeopardy"
Nasdaq
Nasdaq welcomed listing carbon-neutrality-themed bonds valued at $2.68 bn
Oman
Oman was affected by the depression's peak impact
IIF: Continued volatility in stock markets hurt expectations
Real estate
Dubai's luxury real estate market maintained upward growth
KFH
A deal that ranks among the banking sector’s biggest this year
Wheat
Last week, Egypt bought the most wheat in at least a decade
War and oil will be reflected in banks in both rich and poor countries
Solar power
Citizens looking for alternatives to power cuts boost the solar power market
Russia stops shipping Kazakh oil, which raises prices again
Saudi
KFC has been dominating Egypt’s market for many decades now
He participated in an energy conference in Nigeria yesterday
July important part of the year, sees the start of harvesting crops
UAE
Agreement to increase international investor access to the UAE’s market
TECOM
Shares were active during the first minutes of trading
Tadawul
Single-stock futures will allow for more efficient portfolio risk management
Bitcoin registers largest quarterly loss in over a decade
Driven Real Estate prepares market studies to guide investors
S&P lowered its forecast for 2022 sukuk issuance to about $130 billion
Canal
The Canal's revenues are expected to increase to $13.5 bn in 2023
Energy
Program to accelerate Qatar's efforts towards climate change
DEWA: Total energy production capacity reached 14.1 gigawatts
Oil
G7 recently discussed a plan to put more pressure on Moscow
Alamar
The IPO order book was 47.5 times oversubscribed
Stake
Move marks first international acquisition realized by the Group
Fuel
The price rise is in line with previous increases throughout 2022
Etihad
Listing is scheduled for the 18th of this month
antiaging
Its Biomolecular Restoration program takes holistic to new levels
Yiwu
The project aims to increase foreign trade to AED2 tn in five years
Bank
It Increased cash withdrawals from ATMs of other banks to 4,000 EGP
Air
Transporters need to submit advance cargo information under Phase II
coal
Coal power plants in France, Austria, Germany, the Netherlands get ready
Egypt
Funds will help strengthen Egypt’s resilience to food crises
Trade
China topped the list of Qatar's exports and imports
“OPEC +” tomorrow maintain plan to accelerate increase in August crude production
Distressed
It will aim to provide liquidity to financial institutions and credit markets
Aldar
Alpha Dhabi is now Aldar's single largest shareholder
Saudi
The banking industry showed a resurgence with an increase in profit of 40.15%
G7 pledges $5 billion to boost global food security
global markets
Stock markets gain for first time in a month, oil prices fall below $110
Tecom
Offer marks highest oversubscription multiple for listings on the DFM
Foreign
Grace period on $100 Interest payment has expired
Vaccines
Saudi's vital sector is estimated to have a yearly worth of $2 bn
Internet
It scored fifth globally and third in GCC
Investment Authority exits from 30 companies to secure $6.5 bn
Entertainment
Funding to fuel new inflow of live shows, media production in the region
The coalition sticks to plan to accelerate increase in oil production
ADNOC
Participating companies to contribute 110 billion dirhams
healthy
50% of men in UAE identify themselves as overweight
Abu Dhabi
The emirate welcomes opening of largest Amazon high-tech facility
GCC banks have remained stable and safe over the past 30 years
Financial
Project expected to generate more than 120,000 job opportunities
SABIC
With a focus on structural battery performance
Bonds
Bonds comprises a 10-year tranche and 30-year Formosa portion
China is the Kingdom's first major partner in commodity trade
Banks 300 times more likely than any other industry to be cyber targeted
Wind energy
Gulf states’ beaches, remote desert areas, among best for wind generation
Transactions
The emirate recorded 7,936 off-plans sales, up 117.7% YoY
Expatriates experience a strong sense of home and comfort
Mumtalakat
Mumtalakat has $18 billion in assets under management
Elon
Musk appeared virtually yesterday at Qatar Economic Forum
It seeks to open new markets and support 10 thousand companies
Exxon
The company will have a 6.25 percent stake in the North Field East expansion
Al Ahli
Al Ahli lodged a complaint with the Capital Market Authority
Ahli
Meeting approved start of due diligence work on JV deal
UAE
AED 110 bn to be allocated for agreements with local manufacturers
Port
$4 bn port is a JV between DAL Group and Abu Dhabi Ports
ADNOC
Significant step within strategic partnership announced by UAE President
DEWA
Report highlighted the role of a smart grid in the Smart City's development
global markets
The worst week for global stocks since the markets collapsed with the outbreak of Corona in March 2020
Musk
Nook's assets are valued at 245 trillion pounds
mRNA
mRNA vaccination trials underway   
Revenues
Revenue from expatriate fees amounted to 6.86 billion riyals
Alamar
Alamar to raise about 1.2 billion riyals by offering some shares on Tadawul
Volvo
The move highlights Volvo's position as a key player in climate action
IATA praised the cooperation between airlines in the Arab Gulf
DP
The project is valued AED490 mn, stretches over a 415,000 sq m area
Treasury bonds
The auction is part of the AED 9 billion T-Bonds issuance program for 2022
Sohar
SAOG to offer HBMO shareholders cash and shares
NCTH
Eligibility includes any natural or legal person, whether a UAE citizen or not
Migrants
Money transfers amounted to about $605 billion in 2021
Qatar
Net profit reported is valued at $1.54 billion
Saudi
The program aims to establish logistics start-ups
Sheila
"The Kingdom's leadership has promoted Saudi women to many positions"
El-Hilaly to Economy Middle Al Raha: “Simple and Versatile Platform”
Transactions
Over 30K transactions from January through May
Dubai
Inflation, geopolitical tensions impacted HNWI's spending patterns
Smart lenses
Market will grow to $20.64 billion by the end 2022
The two banks' shares rose following 1-hr trade suspension
Sanofi
Key activities include launching a clinical research project
Salik
As per the law, Dubai’s government owns all of the company's shares
Tecom
Subscription for 625 million shares began today on DFM
Saudi made a smaller increase after slight inflation slowdown
Powel
It’s in response to high inflation, volatile financial markets
Moderna
97.3 cases per one million doses developed symptoms of carditis
Global Markets
US inflation figures fluctuate market expectations... and cryptocurrencies crashing
“Qatar Airways” and “Airbus” dispute main IATA agenda  Sunday
Banks
Potential to convert into one Sharia-compliant financial institution
Dubai
Market maintained growth of 1.1 percent to reach 80.6 points
OPEC
Global oil demand to grow roughly to 3.4 million BPD in 2022
turkish banks
S&P does not expect any liquidity issues with Turkish banks
Bahrain
As part of the Bahrain's economic recovery plan
rice
Citi: The price hike caused buyers additional costs reachig $5.2 trillion
Qoot
The partnership will help Qoot manage digital orders more efficiently
Full integration of the bank's operations and systems in Q4 2022
Borouge
Joining marks major recognition of Borouge
Global
Blame the release of the recent US inflation report
Dubai
Exports grew 15.8% YOY to reach AED 104.3 billion between January, May
Qatar
Project to increase Qatar's LNG output capacity to 10 million tons per year
DFM
This is part of DFM’s strategy to diversify investment opportunities
Oil
Saudi’s crude oil production capacity to reach 13.3-13.4 million BPD
Beltone
Chimera's offer is about 10% higher than its Egyptian competitor’s
Projects
Alkhorayef Water awarded four contracts worth $493 mn contracts in Saudi
mining
Existing ones, irrespective of their source of power, don’t need to bother
Sheila
Increasing share of women in work in MENA could increase the GDP to $2 tn
Transactions
Mortgage transactions represented 55% of home sales volumes
Video
The games and esports company will hold 8% of the shares
Chip
Sectors recover at different speeds
Report
This is the lowest amount so far in 2022
Meeza
As part of a cooperation agreement between the three nations' central banks
Output
"The group was currently 2.6 million barrels per day short of its target"
IPO
The company added Morgan Stanley to IPO
Qatar
Qatar to finance a $30 billion LNG plan to raise production
Banks are charged a negative 0.5% fee on their central bank deposits
Yiwu
First smart free-zone market in the region targeting retail, wholesale industries
Banks
Growth attributed to several factors, including a buoyant energy market
Central
The amount of gold in the Egypt's Central Bank increased by 54%
Nasdaq
New listing increases the value of Sukuk listed by Indonesia to $22bn
Glass
Volume of recycled glass expected to reach 6.2 percent by 2027
The first Gulf family car company to be publicly traded
It will invest $5 bn in "Jebel Ali Port", "Free Zone" and "Industrial Park"
Saudi
Foreign investors rose to historical levels in Q1, with 9,383 new licenses
Bank
Total shareholders’ equity raises to SAR 3.2 billion
DEX
15 months ago, DEXs first eclipsed CEXs in on-chain transaction volumes
Iran
Citi estimated Brent to average $75 per barrel in 2023
S&P
Continued mortgage demand in Saudi supports the industry
renting a car
If you can’t buy an EV, maybe it’s time to rent one
Paper
Total global production of paper and cardboard is over 400 million tons yearly
financial markets
US Treasury yields at their highest level in 2 weeks following jobs’ data
DST
DST to enhance Dubai’s position as a leading sustainable destination
ADX and 9 listed companies to meet with major investment institutions
FTSE
The inclusion comes into effect on Monday 20 June 2022
MoU
MoU to promote healthcare sector, raise Saudization 
Borouge
IPO raised $2 bn, ADX's biggest
CRTKL
The company champions sustainable design to reach net-zero
Aramex
The deal will open the opportunity to serve new markets
telehealth
Digitalization of healthcare services spurring demand for telehealth
IPOs
IPOs fetched $11.4 billion in the first 5 months of 2022
SMEs
In an attempt to mitigate the effects of the Covid-19 pandemic
About 90 percent of Russian oil imports to the bloc will be stopped
Residential
Over 40,000 flats, villas scheduled for completion over remainder of 2022
Riyadh
Government’s programs to boost home ownership have turbo-charged demand
Imposing a financial tariff on single-use plastic bags
Virgin
Virgin Mobile Kuwait offers users a completely digital experience
World
Qatar’s carbon-neutral commitment should be "recognized, not criticized"
Body
Biomolecular restoration: Making reverse-aging a reality
Estate
Arabian Ranches, Jumeirah Islands lead annual villa prices
DFM
DFM international roadshow to attract more investments
Rent
Luxury villa rents have jumped by 20 percent to 35 percent
Demand
Higher interest rates could curb the activity
Borouge
IPO set to be ADX's biggest
The company, on Thursday, is looking into merging with "Al-Qurain"
Bank
The maturity period will be 6 months, with a rate of return standing at 2%
Companies
The scheme is expected to cost $2 billion
Putin to lose about $10 billion annually in oil export revenues
Global
Oil prices hit a two-month high
UAE
Oman records the highest growth rate in gas exports
UAE
82% of bank customers don’t favor having to physically hand over documents
Saudi fintech
106 deals worth in excess of $558 million, highest in the region
SPAC
ADC aims to acquire businesses in the UAE or broader MENA region
Cloud
The new investment is valued at $238.3 million
Peninsula
Emirates NBD, FAB, and Morgan Stanley to manage the listing
A draft "state financial policy document" is submitted to the Cabinet 
Venture capitalist
Blockchain startups raise record venture capital
Startups
MENA startups generated $297 million in investments in April 2022
Supply chain turmoil, trade finance gap, hinder global economic growth
Oil
Export capacity to amount to 12 million tons annually within 3 years
Skincare Asghar Khan
His organic recipe is heritage-based, built for the modern world
Energy
The Middle East’s first waste-to-energy plant opens in Sharjah
medical waste
GCC countries have measures in place to treat and dispose 
flydubai
The 2 companies signed SLB deal for 5 Boeing jets
ADNOC
ADNOC says the project with BP has moved into the design phase
Property Finder CEO
Names like Ronaldo, The Beckhams, Armani, made Dubai their 2nd home
Monkeypox
While the outbreak is unusual, it remains “containable”, says WHO
Dust
The storms put human health at serious risk
Property
Sales prices recorded a significant spike, particularly in regard to villas
Invesco
This contrasts with the strong relationship between gold, real yields
Supply
Wheat imported into Kuwait is noted for low moisture content
Global Financial Markets
US stocks suffer the longest series of losses since the Great depression
It succeeded, in under 6 months, in completing merger procedures
Saudi Energy Minister: World must appreciate value of the alliance
Monkeypox
The World Health Organization sounded the alarm after the virus spread
Bin Talal's share in the company's capital declines to 78.13%
UAE
Deposits to grow driven by projected interest rate increase
Cars
Expenditure on cars in Saudi reached SAR 40bn in 2020
Green Egypt
Plastics, CO2, recycling high on projects’ agenda
ADX
The two stock exchanges aim to enhance market liquidity
ACWA
Profits climbed to SAR151.9 compared to SAR139mn in 2021
Investors
65% of CEOs expect their companies would focus on ESG
Hydrogen
The energy and resources industry will witness a major transformation
Alpha
The Fund aims to bring the best technology to Abu Dhabi
Lucid
Lucid to produce 150, 000 cars per year in Saudi by 2027
Etihad
In recognition of its efforts in supporting non-oil exports in the UAE
Office
Demand for office space climbs as foreign firms expand
Mastercard
New era of biometric payments enhance the check-out experience
Aramco
The listing could raise $30 billion
Twitter
CEO Parag Agrawal: "We aren't perfect at catching spam"
Anghami
Preliminary Q1 2022 revenue amounted to $9.3 million
Dental
Qatar has 6.2 dentists per 10K people
borouge
Subscriptions start May 23 to May 28 for individuals
GII
Jadwa sold its majority stake in Al Meswak to GII
Turkish
This comes as banks cut down dollar sales to prop up currency
Bond
BHB listed BD 150 million worth of government bonds
Global Financial Markets
US dollar consolidated its gains near 20-year peak
Real
Off-plan sales transactions increased by 44%, with 73.68% value increase
Dubai
Residential price index reached 79.8 points in April
Adani
IHC provided capital through preferential allotment route
EV
Electromin rolls out 100 charging stations for EVs across Saudi
April’s $629 million in revenues highest ever in a month  
Musk
Musk believes fake users make up 20% of total users
QR
The bank calls on its clients to use the QR code scanning option
New Delhi move comes following 8-year high inflation
Smart
Solutions by stc contracted to implement the strategy
Oman
OQ invites banks to pitch for gas pipeline network IPO
bank cyber
Gulf banks reported a small number of cyberattacks in last decade
Saudi
79K transactions completed since March 2020
Saudi
Prince Abdulaziz: Oil output depends on what we do in the divided zone
Vodafone
The group confirms $4.4 billion acquisition of Vodafone
The government has identified $9 billion in assets to offer this year
Saudi's
It seeks to boost annual coffee beans production from 300 to 2,500 tons
Aramco
Al-Rajhi Financial expected Aramco to achieve profits of 136.6 billion riyals
Careem
Tips reached over 1.2 million dirhams in Ramadan
UAE
The initiative is part of Kyndryl’s global sustainability program
Amazon
This translates into 4.255 percent of valU’s issued capital
EU
A 195 billion-euro plan to stop Russian fossil fuels' import by 2027
Tradewind
The company announced completion of $1 billion funding for 2022
Bosch
Bosch to invest 500 million euros to produce hydrogen
OPEC
It lowered its forecast for a rise in global oil demand growth by 300,000 barrels
fintech
$3.45 billion, the value of the financial technology sector in 2026
Payments
Region could reap huge dividends from real-time payments
GCC Railway
Gulf countries have moved to revive the GCC Railway project
The CPI was 8.3% year on year in April
Several factors to boost Aramco's share prices in coming months
WUC
Global leaders, industry experts convene for day two of the World Utilities Congress
ocean
The Gulf region is mounting efforts to preserve water  
OPEC energy ministers
“OPEC +” is doing its part to meet global demand amid geopolitical pressures
Emirates Airlines
Company awarded title of "Best Air Carrier in the World"
Banking
Net income increased by 15.5 percent to 48.8 billion Saudi riyals
It plans to raise 367 million dirhams
ADX
FAM Holding to list its shares on the ADX's growth market
The shift to electric significantly reduces carbon emissions
The company recorded the highest volume of fuel sales ever during Q1
Higher interest rates in 2022-2023 would further support it
Bill gates
Gates has been invested in public health issues long before COVID-19
Capital markets
10-year US Treasury yields exceed 3.1% for first time since 2018
Transportation
Mawani launches 12 private-sector investment opportunities
Mining
Saudi attracts investments worth $32 billion through 9 new projects
edible plastic
The cost of food wasted annually around the world is about $1 trillion dollars
hydrogen
The WUC to explore the role of hydrogen in the future of the utilities sector
Crypto market
And things don’t look too bright for the coming week, either.
MENA M&A deals reach $21 billion in Q1
Suez
Revenues amounted to $629 million in April
Bahrain
The money supply increased in March by 4.22 percent
Riad Salameh
Alleged embezzlement of at least $330 million in public funds
The "OPEC +" is scheduled to hold its next meeting on the second of next June
Wheat
A heat wave threatens the production and exports of Indian wheat
FED interest rates
Another ¾ of a percentage point increase expected at June meeting
ِAlibaba
The mistake resulted in a $26 billion drop in market value
BP
It posted loss of over $20 billion as it withdraws from energy group Rosneft
PIF
The fund's total assets at end-2020 were 47.1% of national GDP
Du
The surge is driven by sustained demand for broadband and mobile services
Upon completion of the transaction, Borealis will be 25% by ADNOC
Sustainability
WUC 2022 set to discuss the future of low-carbon power and water supplies
Qatar Airways
A separate dispute continues over the safety of the larger A350 aircraft
Dubai Financial Market
The introduction of road toll system (Salik) expected next
Microsoft
Earnings were driven by demand for cloud-computing services.
OPEC+
Oil output increase by 432,000 bpd
Aramex
The decision will allow investors to invest in the company’s stocks
Abu Dhabi market
The $70.7 million company will be the largest provider by market share
Finastra
Fintech, developers can drive market opportunities on FusionFabric.cloud
Saudi Al-Rajhi
Saudi “Al-Rajhi” and “Al-Ahly” achieve net profits exceeding $1 billion
Bahraini House of Representatives
The House of Representatives approves committee recommendations
Moody's
An expected upturn for the Gulf economies due to the rise in oil prices
expo 2020
These companies accounted for more than a quarter of all contracts by value
Aramco
“The company will maintain flexibility and continue to generate strong profits”
Saudi's
Saudi is in a prime position to produce green and blue hydrogen
Saudi
Number of factories in Saudi exceeded 10,000 factories
Twitter Musk
Twitter has over 217 million daily users
Saudi's building
The value of exports amounted to 108.4 billion riyals
Mohammed bin Rashid
Housing and social services projects are government priorities
Financial markets
Investors are concerned about the possibility of US policy tightening
Saudi's Center
Law ensures equal treatment for both Saudi, foreign investments
Saudi's
21 total listings in 2021, with volume offerings amounting to SAR31 billion
Dubai
The secondary market activity sees a surge in European investors
UAE
The 2nd G20 FMCBG meeting discussed the latest global developments
Al Seer