Sector
By Financial Times’ FDI Magazine
Exclusives
To grow its utilities portfolio
US dollar achieved its best weekly and monthly performance since April
Project will create new investment opportunities in key sectors
A billion-dollar investment
Sale expected to close in Q4 '22
B.TECH expects to increase its sales to EGP15 bn in 2023
Process will take between one and two years
Reports suggest coalition will reduce output by more than one million barrels
Offering will correspond to a 29.24% of the company's shares on Tadawul
Credit Suisse tries reassuring investors as financial fears rise
DAMAC Properties targets monthly online-only sales of $150 mn by mid-2023
Project linka 2 ADNOC-owned offshore facilities to Abu Dhabi's onshore grid
10-year contract to deliver collection, transportation, and cleaning services
Exports are significantly higher than they were last year
The exhibition will explore the latest laboratory technology and innovation
"Event showcases UAE’s achievements in renewable, clean energy sector"
Including an investment of $3 bn to set up railway linking Oman to UAE
Company aims to expand its digital portfolio
Prices have fallen sharply this month by about 30 percent
CBE decided lately to keep key interest rates unchanged
Medical tourism industry generated AED 12.1 bn in 2018
Prices of food, groceries to drop by 20%
By mid 2024
Ether rose 4 percent to a one-week high of $1,389
First tranche of the offerings to be announced within four weeks
108 international agreements signed valued at $22 bn for gas excavation
Country is restructuring its oil and gas sector
Investors worried about interest and inflation are affected by growing fears of a recession
Germany seeks to diversify energy sources amid reduced supply of Russian gas
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
Exchange operations continued during closure
Manufacturers must navigate soaring costs, supply chain issues
Project to reduce carbon footprint of ADNOC’s offshore operations by 30%
But more realism about the scale of the challenge is need to properly address it
More start-ups, institutional investors choosing to reside in region
Turkish lira fell to a record low of 18.42 per dollar
Driven by high oil prices, high interest rates, and new projects
By another half a point
New land masses, tourism, to spur further economic revival
Abolition of minimum contribution of UAE, GCC nationals also passed
Merchandise exports rose by 58.8% year on year
CBUAE also looking at improving consumer protection framework in the country
Oman implemented VAT in April 2021
As part of the country's efforts to diversify oil imports way from Russia
The 7A will ensure more efficient use of spectrum
“Even if the conflict in Ukraine stopped today, the crisis would not end”
The qualified investor subscription period will expire tomorrow
Short-term bond yields continue to rise with anticipation of the Fed's decision
Region's passenger traffic anticipated to increase by 4 percent yearly
Deal joins a series of other successful transactions
By selling existing shares, issuing new ones
Council also discussed enhancing current gas cylinders to advanced ones
It’s world’s largest investment forum dedicated to frontier emerging markets
Al-Suhaimi held for 20 years senior leadership financial positions in Saudi
IHC didn't disclose a value for the acquisition
Decision will have no effect on local plastic bag factories
Distinct opportunities for GCC banks as they progress along the maturity curve
Nothing available for consumers to buy in stores
Total sales amounted to AED 2.78 bn
A net-zero carbon community that will accommodate up to 100,000 people
Two parties scheduled to square off in court on Oct. 17
By ringing Nasdaq Dubai's bell
Overall market softening heightened transactional volume of M&As
The UAE reaffirms its position as a global healthcare hub
Bank said it would focus initially on SMEs
Total purchase valued at AED 514 mn
Saudi, Libya lead the output increase
Real estate rental market sees demand outstripping supply
Up from previous target of 23.5%
Company amended Articles of Association to remove ownership cap
But half will not meet targeted revenue expectations
After the offering, Dubai government will retain 80% of the company
"Saudi priorities include localizing steel products of all types"
Initiative to also focus on forging partnerships with manufacturers from private sector
As part of the AED 9 bn T-Bonds issuance program for 2022
Saudi driving structural changes in the sector
Consumer-electronics purchase behavior constantly changing
Total number of active in-production licenses was 866 in June
Biden to hit China with broader curbs on U.S. chip and tool exports
Existing, under-construction factories in Saudi reached 10,685 in July
UAE's EV market is estimated to grow at a CAGR of 30%
Project expected to contribute SAR 11 bn to the country’s GDP
Agricultural crop production increased to 4.77 mn tons
Freight charges rose by 1000%
To supply fuel required to generate electricity at the Hassyan power complex
Cumulative credit balance amounted to AED 718.1 bn in June
Transaction attracted $1.9 bn in orders from regional, international investors
Gains were notable in the realty, banking, and telecom sectors
Economic stagnation is not a condition for decline in oil demand
As part of the recently launched Investcorp Saudi Pre-IPO Growth Fund LP
Initiative has seen 46 fountains installed across the emirate since launch
"We are committed to carry out vision programs, broaden economic base"
The Qatar Central Bank was the largest buyer
As part of its preparations for COP 27
Truss plan costs £130 bn for 18 months
Russia’s response to capping oil prices is more shipping to Asia
Oil prices jumped more than 3 percent after the decision
Labor market data indicators raised expectations with a hardline FED approach
A buyer market means getting good deals
On interest income growth
The Dubai government will retain 80% following IPO
To promote digital transformation in the real-estate sector
Wall Street Journal: Russia opposes plans to cut production
Investments of banks in UAE rise by 4.3% on annual basis
Truss favorite to lead Conservative Party, run Downing Street, come Monday
It is the most expensive hospitality box in the competition
About 35 countries are experiencing a major food crisis
Scientists zooming in on specific proteins that help old minds stay young
20% for households, 50% for the industrial sector
Value of Arab stock exchanges rise to $4.49 tln
Saudi leads the way with 70.4% growth
The new pricing includes 5% value added tax
Basic materials sector recorded highest growth rate in total profits
Production to start in Q1 2026 in Mesaieed Industrial City
Musk also seeks to launch Starship to orbit
Goldman Sachs expects 75 basis points rise in interest rates
Oil demand demand faces great uncertainty
Largest capital increase for listed company in Saudi stock market
Announced contracts are largest of their kind in oil and gas
Through iPay mobile payment system
Demands to provide dollars to ensure tea imports
stc: "Today, we have reached 70% Saudisation rate"
Main catalyst for oil price improvement is Saudi Oil Minister’s comment
Gazprom will "completely" suspend its gas deliveries to France's Engie
Manufacturing, distribution to be hit hardest and costing $4.2 trn
Greater choices to serve end users from data centers in the UAE
The service is the first of its kind in the UAE
Concern about a global economic slowdown
Restaurant-to-home delivery industry will be a $500 bln market globally
DDE has traded 90 billion carats of polished diamonds since 2012
Step to contribute to the development of the fintech sector
Taaleem picked EFG-Hermes, Emirates NBD Bank to lead IPO
Beverage industry, electrical appliance production rose by 15.54%
“IMF approved 7th, 8th reviews of fund facility for Pakistan”
The standard European gas price has risen 550% in past 12 months
Deeds issued top over 15,000 titles
Drought, flooding make water crossings impossible to navigate
Amid continued economic recovery
In just 8 minutes, Powell caused a market downturn that wiped out about $78 billion
Adoption of green pathways is a gender-neutral responsibility
They are at risk of losing the confidence they built over decades
Investments of NHC in the Eastern Province exceed SAR20 bln
18% increase in share of Emirati female investors among Saxo Bank clients
“We will use our tools aggressively to attack inflation”
Residential property deals fall in major Saudi Arabian cities
The African continent needs billions in assistance for food security
Saudi's statements are supported by the UAE, Sudan
The US Mediator in Beirut next week
Saudi is one of Pakistan's largest donors
Center will serve Bedouin communities in South Sinai
Companies included Saudi Al-Fanar and UAE's Alcazar
Its length is 1,160,000 meters long
Profits slightly increased by 3.6% in Q2 2022
Qatar is evaluating investments in Pakistan’s main airports
Nuclear negotiations with Iran and their return to oil markets
The deal is expected to close in the next 6 months
Project spans over 1.5m sqm area, set to add 47,000 hotel rooms by 2030
Company to provide 350 world-class Jiu-Jitsu coaches across UAE
Al-Faris: Since 2020, OPEC+ successfully maintained oil market stability
Investment banking fees in MENA amounted to $806 mln in H1
Total interest income grew by 19.5% QoQ in Q2
Oil exports jumped to SAR 117.7 bln, up from SAR 60.6 bln in 2021
Driven by a steady economic recovery in retail, leisure sectors
Output cuts likely to coincide with Iran’s possible return to oil markets
Online payments surged 85%
Exceeding the 127 million dirhams invested
Funding will be used to support innovation in payment and shopping
Exports jumped 29% to $1.17bln in July
OPEC + will soon begin working on a new agreement for post-2022
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
Climbing by 17% compared to same period in 2021
Exploration contributes to energy security, additional gas supply to Europe
Trade exchange between two countries surged by $1.2 bn in Q1
Emaar will receive the total value of the selling price in cash
A volatile week on Wall Street with widespread drop in stocks at week’s end
The borrower may face a travel ban in the execution case
It surpassed the pandemic with no adverse effects on its financial balance sheets
As part of the country’s vision to adopt a circular carbon economy
10 bidders have been qualified to proceed to the next stage
Azour: "Critical to maintain fiscal discipline and momentum on reforms"
The beneficiaries should be members of accredited SME funds or programmes
IMF scheduled an Aug. 29 meeting to discuss country's loan
Project is valued at $23 billion
Third filling of Nile dam heightens Ethiopia-Egypt crisis
The move comes in response to customers’ suggestions and requirements
Group operating revenues grew by 28% Y-o-Y to EGP2.1 billion
Fears that the global economic slowdown will curb energy demand
Oil falls to a 6-month low on Tuesday
OBG: Range anxiety, digital security are main challenges
Mainstream market has seen annual growth in demand of 10.1%
Royal Swiss Auto offers vast range of EV care and maintenance services
Vaccine expected to be available to adults as a booster jab from the fall
Some hotels are not being able to access dedicated internal support
Market conditions are still favorable
Including 1.97 billion riyals in Russian energy companies
Supported by strong product demand
Summit reflects UAE's unlimited support for energy, climate change issues
Net profit increased to EGP 391.5 mn in Q2 2022
Its market value reached about $2.8 trillion in 2021
Reflecting strength of financial solvency, high liquidity
Production at several US offshore platforms in the Gulf of Mexico has resumed
$11 billion inflows into US stocks
Announced a dividend of $18.8 billion
Drop attributed to inclusion of results of discontinued operations
The shrew animal is thought to be responsible for spreading virus
More than $220 billion in loans can be linked to unfinished projects
Emaar to buy Dubai Creek Harbour from Dubai Holding for $2bn
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
Poorer countries scream foul, and China out of climate negotiations
Busines addressing non-cash expenses, optimisation measures
Contract awarded by ADNOC Offshore to ADNOC Logistics & Services
This is due to war, inflation, and plans to contain Corona
Pakistan moving closer to the resumption of the IMF program
There is uncertainty about how quickly any new crop can be harvested
Fund to be used to strengthen Bayzat's technical development team
Deal in line with IHC’s long-term investment strategy in the clean energy sector
UAE’s growing energy demand boosted DEWA profits
"Deal in line with Egypt's plan to encourage FDI"
This is the second increase in discount rates in several weeks
Earnings before interest, tax depreciation amounted to $3.1 bn
Expatriates make up 88% of the country's population
Protocols for entry of football fans to be proposed during sporting event
To confront crises and emergencies in the country
Annual rent allowances amount to KD 169.8 million
A 34% increase compared to 2021
Goldman Sachs revised its oil price forecast to $110 a barrel
Driven by higher average selling prices
Salik is still planning to list its shares on Dubai Stock Exchange in September
H1 total revenue increased 121% to AED 21.93 bn
Colonization of the moon and interplanetary travel have began
By lowering greenhouse gas emissions by 40%
Project involve developing steam turbines at Al-Subiya power plant
Brent crude futures fell 74 cents, or 0.8%, to $94.18 per barrel
Company reported EBITDA of AED 1.99 bn
The company intends to roll out 1,429 projects
Focusing on investing in several key sectors
Driven by an increase in total operating income
Due to weak US demand, recession fears
The highest quarterly surplus since data publication began in early 2016
Gold exchange-traded funds lost $4.5 billion in July
As of end-June, sector loans totaled 6.3 trillion lira
WHO confident in Qatar's ability to host the World Cup successfully
Summit will be crucial to Africa’s response to climate change
Washington: A step in the right direction
The firm's total capital raised to date amounts to $275 mn
Increase by 100,000 barrels per day
Apple leads the list as tech giants draw focus
41% of regional investors wanted to implement effective ESG policy
Saudi Crown Prince visit to Sultanate saw signing of 13 agreements
Regulations to manage risks related to money laundering
Acquisition fits in with growth strategy for lubricants, says Aramco
Results reflect continuing rebound for automotive industry
2103 ships crossed from both directions in July
Total issuances in H1 stood at $4.2 tn, down 11%
Revenue for Q2 at a record peak of AED 576 mn
Tech select sector increased by 12% last month alone
Market will be a unified, comprehensive platform for closed joint stock companies
Central Bank offered purchase price of US dollar against EGP 19.01
The UAE is the most affected
Markets focus on a possible slowdown in rate hikes rather than a recession
It increased by 3% to 1.683 trillion riyals
More ships will be launched successively
Assets rose 2.9% to 3.442 trillion dirhams
Driven by strong gains and new listings
OPEC Sec Gen: Russia's presence in alliance key to agreement success
AUB delivered outstanding performance and strong financial results
International investors accounted for 72% of the new investors
Crown Prince Mohammed: Desire to strengthen strategic partnership
The Boston Group: The UAE is in a very good position
Will OPEC+ raise output at its next meeting?
Offering reassurance to an earnings period weighed down by inflation
Profits amounted to AED 7.9 bn
Gold demand in the 3 months to end of June dropped to 948 tonnes
Within the strategy of investing in leading firms
Company registered revenue growth of 16.4%
Authorities urged residents not to leave their homes unless necessary
They benefited from rising oil and gas prices
For failing to comply with due diligence and reporting procedures
On Wednesday, Bitcoin increased nearly 9% to $22,792.02
An increase of 31 percent
For promoting sustainable development, community living in the UAE
Over 300 mn items were purchased by Prime members worldwide
Approval of $150 million World Bank wheat supplies loan agreement
On higher operating income, lower expenses
Connecting electricity grids provides cheaper green energy
Project is key component of ADNOC's strategy for gas self-sufficiency
Microsoft, Alphabet yesterday... meta today, Apple, Amazon tomorrow
Advancements in computer technology have vastly outpaced those in the medical field
Parliament amended the original formula... Will the IMF concur?
Partnership to boost industrial manufacturing value to $112.5 bn
Energy Forum: to return to the level of $525 billion by 2030
Fuel is among the most requested reimbursements for UAE employees
"The Line" addresses urgent challenges facing humanity
Investments amounted to 472.7 billion dirhams
$3 bn worth of property transactions sealed in Dubai one week
Assets totaling $115 billion
"We have safely completed 1.5 mn man-hours since the project's inception"
Non-oil exports increased by 27% to $7.4 billion
The best week for stock markets, supported by a recovery in technology shares
The financing is expected to be completed within days
Agility, digitization, leadership, passion are driving forces behind exchange
The deal is worth 192 million riyals
The platform aims to provide a highly personalized shopping experience
"Today, there is a beacon of hope, possibility on the Black Sea”
Borrowings hit $498 billion by March end
"It's crucial to resume export of stuck grains through Ukrainian ports"
Confidence among investors reflects the market's attractiveness
Saudi, UAE banking sectors face contrasting liquidity dynamics
The project is valued at 25 billion euros
The Egyptian army controls a large portion of the economy
Prime members can enjoy an entire year of exclusive deals
With up to $1.36m in fines for businesses in breach
Patient was placed in hospital isolation to receive necessary medical care
Country requests bids for waste-to-energy project
Nearly 600 keys are expected to be delivered by the end of this year
In May, Saudi's PIF purchased a 16.87% stake in KHC
Mobile data remains difficult to access in parts of Myanmar
Approving privileges of real estate investment trusts
European plans reducing gas consumption by 15%
Test if you have any infections. You really need to resolve this before getting started
Global electricity demand is expected to rise by 2.4% in 2022
Bank deposits increased by 0.9 percent to AED2.006 trillion
Capital expenditure will include expansion of renewable, clean energy projects
Many countries at risk of declaring default on their debts
Millions to be displaced as rising waters reclaim heavily populated lands
“By 2035, CO₂ emissions in the UAE will be reduced by 24,000 mt”
To a record-high of SAR 2.19 billion
It follows signing of UAE-France Comprehensive Strategic Energy Partnership
Russia to undermine the dollar's hegemony by disengaging the "petrodollar
Saudi Foreign Minister Prince Faisal bin Farhan on official visit to Japan
Turkish economy had long benefited from a stronger euro than the dollar
Sheikh Mohamed bin Zayed visits the French National Army Museum
Pound reached a low of 18.91 pounds against the dollar
Company's shares trading at $1.03 shortly after market opens
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
Both major benchmarks for crude shed more than $5 a barrel
It seeks to transform the Kingdom into a global hub for air travel
The bank announced preliminary unaudited financial results for H1 2022
The transaction follows successful advisory transactions in the GCC, Egypt
houza aims to lower listing fees for agencies
Prices of diesel supplied to the food and electricity industries were fixed
UAE, France are expected to launch a business and investors club
Deal aims to boost trade ties with promising global markets
Twitter hopes to start the case on September 19
"OPEC" does not expect breakthrough in supplies for 2023
The final death toll remains unclear
Twitter said it was confident the company would win the case
One of the main challenges is failure to implement law 431
The takeover deal is in "serious jeopardy"
Nasdaq welcomed listing carbon-neutrality-themed bonds valued at $2.68 bn
Oman was affected by the depression's peak impact
Flavors, colorings, luring youth
IIF: Continued volatility in stock markets hurt expectations
Dubai's luxury real estate market maintained upward growth
A deal that ranks among the banking sector’s biggest this year
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
Citizens looking for alternatives to power cuts boost the solar power market
Russia stops shipping Kazakh oil, which raises prices again
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
Agreement to increase international investor access to the UAE’s market
Several factors led to this decline
Shares were active during the first minutes of trading
First $500 million will be paid in cash
Single-stock futures will allow for more efficient portfolio risk management
Driven Real Estate prepares market studies to guide investors
S&P lowered its forecast for 2022 sukuk issuance to about $130 billion
The Canal's revenues are expected to increase to $13.5 bn in 2023
Program to accelerate Qatar's efforts towards climate change
DEWA: Total energy production capacity reached 14.1 gigawatts
G7 recently discussed a plan to put more pressure on Moscow
The IPO order book was 47.5 times oversubscribed
Move marks first international acquisition realized by the Group
Alnama will have 100% renewable energy
The price rise is in line with previous increases throughout 2022
Listing is scheduled for the 18th of this month
Its Biomolecular Restoration program takes holistic to new levels
The project aims to increase foreign trade to AED2 tn in five years
Avoid any policy discussions in September
It Increased cash withdrawals from ATMs of other banks to 4,000 EGP
Transporters need to submit advance cargo information under Phase II
Coal power plants in France, Austria, Germany, the Netherlands get ready
Funds will help strengthen Egypt’s resilience to food crises
China topped the list of Qatar's exports and imports
“OPEC +” tomorrow maintain plan to accelerate increase in August crude production
It will aim to provide liquidity to financial institutions and credit markets
Alpha Dhabi is now Aldar's single largest shareholder
The banking industry showed a resurgence with an increase in profit of 40.15%
G7 pledges $5 billion to boost global food security
Saudi contracting firm number reached 165K
Macron tells Biden that UAE, Saudi can barely raise oil output
Stock markets gain for first time in a month, oil prices fall below $110
Offer marks highest oversubscription multiple for listings on the DFM
Grace period on $100 Interest payment has expired
Saudi's vital sector is estimated to have a yearly worth of $2 bn
It scored fifth globally and third in GCC
Investment Authority exits from 30 companies to secure $6.5 bn
Alternatives include multi-use bags
Funding to fuel new inflow of live shows, media production in the region
The coalition sticks to plan to accelerate increase in oil production
Bonds five times oversubscribed
Participating companies to contribute 110 billion dirhams
50% of men in UAE identify themselves as overweight
The emirate welcomes opening of largest Amazon high-tech facility
GCC banks have remained stable and safe over the past 30 years
Project expected to generate more than 120,000 job opportunities
With a focus on structural battery performance
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
Gulf states’ beaches, remote desert areas, among best for wind generation
The emirate recorded 7,936 off-plans sales, up 117.7% YoY
Expatriates experience a strong sense of home and comfort
Mumtalakat has $18 billion in assets under management
Musk appeared virtually yesterday at Qatar Economic Forum
With investments worth $1.5 million
It seeks to open new markets and support 10 thousand companies
The company will have a 6.25 percent stake in the North Field East expansion
The World Bank wants reforms before financing the agreement
Al Ahli lodged a complaint with the Capital Market Authority
Meeting approved start of due diligence work on JV deal
The sector will return to profitability in 2023
AED 110 bn to be allocated for agreements with local manufacturers
$4 bn port is a JV between DAL Group and Abu Dhabi Ports
Significant step within strategic partnership announced by UAE President
Report highlighted the role of a smart grid in the Smart City's development
The worst week for global stocks since the markets collapsed with the outbreak of Corona in March 2020
Nook's assets are valued at 245 trillion pounds
Revenue from expatriate fees amounted to 6.86 billion riyals
Alamar to raise about 1.2 billion riyals by offering some shares on Tadawul
The move highlights Volvo's position as a key player in climate action
IATA praised the cooperation between airlines in the Arab Gulf
The project is valued AED490 mn, stretches over a 415,000 sq m area
The auction is part of the AED 9 billion T-Bonds issuance program for 2022
SAOG to offer HBMO shareholders cash and shares
Eligibility includes any natural or legal person, whether a UAE citizen or not
Money transfers amounted to about $605 billion in 2021
Net profit reported is valued at $1.54 billion
The program aims to establish logistics start-ups
"The Kingdom's leadership has promoted Saudi women to many positions"
El-Hilaly to Economy Middle Al Raha: “Simple and Versatile Platform”
Over 30K transactions from January through May
Inflation, geopolitical tensions impacted HNWI's spending patterns
Market will grow to $20.64 billion by the end 2022
The two banks' shares rose following 1-hr trade suspension
Key activities include launching a clinical research project
As per the law, Dubai’s government owns all of the company's shares
Subscription for 625 million shares began today on DFM
Saudi made a smaller increase after slight inflation slowdown
It’s in response to high inflation, volatile financial markets
97.3 cases per one million doses developed symptoms of carditis
US inflation figures fluctuate market expectations... and cryptocurrencies crashing
“Qatar Airways” and “Airbus” dispute main IATA agenda Sunday
No excuses: Only real-time savings in the millions
Potential to convert into one Sharia-compliant financial institution
Market maintained growth of 1.1 percent to reach 80.6 points
Global oil demand to grow roughly to 3.4 million BPD in 2022
S&P does not expect any liquidity issues with Turkish banks
As part of the Bahrain's economic recovery plan
Citi: The price hike caused buyers additional costs reachig $5.2 trillion
The partnership will help Qoot manage digital orders more efficiently
Full integration of the bank's operations and systems in Q4 2022
Joining marks major recognition of Borouge
Blame the release of the recent US inflation report
Exports grew 15.8% YOY to reach AED 104.3 billion between January, May
Project to increase Qatar's LNG output capacity to 10 million tons per year
This is part of DFM’s strategy to diversify investment opportunities
Saudi’s crude oil production capacity to reach 13.3-13.4 million BPD
The losses account for 7.6% cut to GDP in 2070 alone
Chimera's offer is about 10% higher than its Egyptian competitor’s
Barclays is talking about 75 basis points
Alkhorayef Water awarded four contracts worth $493 mn contracts in Saudi
Existing ones, irrespective of their source of power, don’t need to bother
The 28th meeting held in Abu Dhabi
Hevolution seeks to extend the health span
Increasing share of women in work in MENA could increase the GDP to $2 tn
Lagarde: Inflation risks high
Listing may take place as early as September
Mortgage transactions represented 55% of home sales volumes
The games and esports company will hold 8% of the shares
This is the lowest amount so far in 2022
As part of a cooperation agreement between the three nations' central banks
Shares are expected to start trading on July 5
"The group was currently 2.6 million barrels per day short of its target"
The tour is organized by Coca-Cola
Qatar to finance a $30 billion LNG plan to raise production
Banks are charged a negative 0.5% fee on their central bank deposits
Results coincide with World Oceans Day
First smart free-zone market in the region targeting retail, wholesale industries
Growth attributed to several factors, including a buoyant energy market
The amount of gold in the Egypt's Central Bank increased by 54%
New listing increases the value of Sukuk listed by Indonesia to $22bn
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"
Foreign investors rose to historical levels in Q1, with 9,383 new licenses
Total shareholders’ equity raises to SAR 3.2 billion
15 months ago, DEXs first eclipsed CEXs in on-chain transaction volumes
Citi estimated Brent to average $75 per barrel in 2023
Continued mortgage demand in Saudi supports the industry
If you can’t buy an EV, maybe it’s time to rent one
Total global production of paper and cardboard is over 400 million tons yearly
Oman currently has 5.2 billion in oil reserves
US Treasury yields at their highest level in 2 weeks following jobs’ data
DST to enhance Dubai’s position as a leading sustainable destination
ADX and 9 listed companies to meet with major investment institutions
The inclusion comes into effect on Monday 20 June 2022
MoU to promote healthcare sector, raise Saudization
The extra 648,000 bpd exceed observer expectations
The company champions sustainable design to reach net-zero
The deal is expected to close in Q3 2022
The deal will open the opportunity to serve new markets
Digitalization of healthcare services spurring demand for telehealth
IPOs fetched $11.4 billion in the first 5 months of 2022
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
Over 40,000 flats, villas scheduled for completion over remainder of 2022
Government’s programs to boost home ownership have turbo-charged demand
Imposing a financial tariff on single-use plastic bags
Virgin Mobile Kuwait offers users a completely digital experience
Qatar’s carbon-neutral commitment should be "recognized, not criticized"
Arabian Ranches, Jumeirah Islands lead annual villa prices
DFM international roadshow to attract more investments
Luxury villa rents have jumped by 20 percent to 35 percent
Higher interest rates could curb the activity
The company, on Thursday, is looking into merging with "Al-Qurain"
The maturity period will be 6 months, with a rate of return standing at 2%
The scheme is expected to cost $2 billion
Putin to lose about $10 billion annually in oil export revenues
2 Saudi ports rise up in rank
Oman records the highest growth rate in gas exports
82% of bank customers don’t favor having to physically hand over documents
Oil crosses $120 in anticipation of the European decision
106 deals worth in excess of $558 million, highest in the region
ADC aims to acquire businesses in the UAE or broader MENA region
The bank said it expects disinflation to start
The new investment is valued at $238.3 million
He adds $6.25 billion to Twitter bid
Emirates NBD, FAB, and Morgan Stanley to manage the listing
A draft "state financial policy document" is submitted to the Cabinet
Blockchain startups raise record venture capital
MENA startups generated $297 million in investments in April 2022
Supply chain turmoil, trade finance gap, hinder global economic growth
Export capacity to amount to 12 million tons annually within 3 years
His organic recipe is heritage-based, built for the modern world
The Middle East’s first waste-to-energy plant opens in Sharjah
GCC countries have measures in place to treat and dispose
The 2 companies signed SLB deal for 5 Boeing jets
This is despite global price pressures
ADNOC says the project with BP has moved into the design phase
Names like Ronaldo, The Beckhams, Armani, made Dubai their 2nd home
While the outbreak is unusual, it remains “containable”, says WHO
Sales prices recorded a significant spike, particularly in regard to villas
This contrasts with the strong relationship between gold, real yields
Wheat imported into Kuwait is noted for low moisture content
US stocks suffer the longest series of losses since the Great depression
Solar energy is the new oil
It succeeded, in under 6 months, in completing merger procedures
Saudi Energy Minister: World must appreciate value of the alliance
The list includes Lebanon and Turkey
“Borouge” stock price set at 2.45 dirhams
The World Health Organization sounded the alarm after the virus spread
Bin Talal's share in the company's capital declines to 78.13%
Deposits to grow driven by projected interest rate increase
Expenditure on cars in Saudi reached SAR 40bn in 2020
Plastics, CO2, recycling high on projects’ agenda
The two stock exchanges aim to enhance market liquidity
Profits climbed to SAR151.9 compared to SAR139mn in 2021
65% of CEOs expect their companies would focus on ESG
The energy and resources industry will witness a major transformation
The Fund aims to bring the best technology to Abu Dhabi
Lucid to produce 150, 000 cars per year in Saudi by 2027
In recognition of its efforts in supporting non-oil exports in the UAE
Demand for office space climbs as foreign firms expand
The villa was sold for $28 million
New era of biometric payments enhance the check-out experience
CEO Parag Agrawal: "We aren't perfect at catching spam"
Preliminary Q1 2022 revenue amounted to $9.3 million
Subscriptions start May 23 to May 28 for individuals
Saudi, UAE are key players in electric mobility transition
Jadwa sold its majority stake in Al Meswak to GII
This comes as banks cut down dollar sales to prop up currency
BHB listed BD 150 million worth of government bonds
Off-plan sales transactions increased by 44%, with 73.68% value increase
Residential price index reached 79.8 points in April
IHC provided capital through preferential allotment route
Technology saves costs, time, and the environment
Electromin rolls out 100 charging stations for EVs across Saudi
April’s $629 million in revenues highest ever in a month
Musk believes fake users make up 20% of total users
The bank calls on its clients to use the QR code scanning option
New Delhi move comes following 8-year high inflation
Solutions by stc contracted to implement the strategy
OQ invites banks to pitch for gas pipeline network IPO
Gulf banks reported a small number of cyberattacks in last decade
79K transactions completed since March 2020
Prince Abdulaziz: Oil output depends on what we do in the divided zone
The group confirms $4.4 billion acquisition of Vodafone
The government has identified $9 billion in assets to offer this year
It seeks to boost annual coffee beans production from 300 to 2,500 tons
Al-Rajhi Financial expected Aramco to achieve profits of 136.6 billion riyals
Tips reached over 1.2 million dirhams in Ramadan
The initiative is part of Kyndryl’s global sustainability program
This translates into 4.255 percent of valU’s issued capital
A 195 billion-euro plan to stop Russian fossil fuels' import by 2027
The company announced completion of $1 billion funding for 2022
Bosch to invest 500 million euros to produce hydrogen
It lowered its forecast for a rise in global oil demand growth by 300,000 barrels
$3.45 billion, the value of the financial technology sector in 2026
Net profit jumped 33% to 6.47 billion riyals
Region could reap huge dividends from real-time payments
Gulf countries have moved to revive the GCC Railway project
Several factors to boost Aramco's share prices in coming months
Global leaders, industry experts convene for day two of the World Utilities Congress
The Gulf region is mounting efforts to preserve water
The company’s market value has risen to $2.464 trillion
“OPEC +” is doing its part to meet global demand amid geopolitical pressures
Company awarded title of "Best Air Carrier in the World"
Net income increased by 15.5 percent to 48.8 billion Saudi riyals
FAM Holding to list its shares on the ADX's growth market
Digital banking market will reach $30.1 billion in 2026
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
Gates has been invested in public health issues long before COVID-19
10-year US Treasury yields exceed 3.1% for first time since 2018
Mawani launches 12 private-sector investment opportunities
Saudi attracts investments worth $32 billion through 9 new projects
The cost of food wasted annually around the world is about $1 trillion dollars
The WUC to explore the role of hydrogen in the future of the utilities sector
And things don’t look too bright for the coming week, either.
MENA M&A deals reach $21 billion in Q1
Revenues amounted to $629 million in April
The money supply increased in March by 4.22 percent
Musk secures over $7 billion
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
A heat wave threatens the production and exports of Indian wheat
Another ¾ of a percentage point increase expected at June meeting
The mistake resulted in a $26 billion drop in market value
It posted loss of over $20 billion as it withdraws from energy group Rosneft
The fund's total assets at end-2020 were 47.1% of national GDP
The surge is driven by sustained demand for broadband and mobile services
Upon completion of the transaction, Borealis will be 25% by ADNOC
WUC 2022 set to discuss the future of low-carbon power and water supplies
A separate dispute continues over the safety of the larger A350 aircraft
The introduction of road toll system (Salik) expected next
Earnings were driven by demand for cloud-computing services.
The decision will allow investors to invest in the company’s stocks
Saudi is an outstanding example
The merger with "Awda Misr" scheduled in next few months
The $70.7 million company will be the largest provider by market share
Fintech, developers can drive market opportunities on FusionFabric.cloud
Saudi “Al-Rajhi” and “Al-Ahly” achieve net profits exceeding $1 billion
The House of Representatives approves committee recommendations
An expected upturn for the Gulf economies due to the rise in oil prices
These companies accounted for more than a quarter of all contracts by value
“The company will maintain flexibility and continue to generate strong profits”
Saudi is in a prime position to produce green and blue hydrogen
Number of factories in Saudi exceeded 10,000 factories
The value of exports amounted to 108.4 billion riyals
Housing and social services projects are government priorities
Investors are concerned about the possibility of US policy tightening
Law ensures equal treatment for both Saudi, foreign investments
21 total listings in 2021, with volume offerings amounting to SAR31 billion
Saudi, UAE easing business conditions
The secondary market activity sees a surge in European investors
The 2nd G20 FMCBG meeting discussed the latest global developments
