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Energy
Oman’s OQEP shares listed on MSX as largest company with over $7.79 billion capitalization
This underscores efforts to diversify MSX by adding key players from various sectors of Oman’s economy
Banking & Finance
ADGM appoints Sir Nicholas Patten as Court of Appeal Judge to ADGM Courts
Sir Nicholas Patten replaces the Right Honourable Sir Peter Blanchard KNZM after he recently retired as an ADGM Court of Appeal Judge
MENA
UAE committed to building advanced technological ecosystem that captivates global attention
The country has become the go-to destination for entrepreneurship and talent
UAE’s GDP projected to grow over 5 percent by 2025 amidst shifting global dynamics: UBS
Global factors, especially oil production and OPEC decisions, influence growth expectations for GCC economies
Banking & Finance
Abu Dhabi’s NMDC Group reports $598.96 million net profit in first nine months of 2024, driven by strong project pipeline
A remarkable 68 percent increase in revenues and a 45 percent rise in net profits compared to the same period last year
MENA
Saudi Arabia’s real estate price index rises 2.6 percent in Q3 2024, fueled by residential and commercial growth
The residential sector was the main contributor to this overall increase, experiencing a 1.6 percent annual growth
Economy
Oil prices plummet as Middle East tensions ease, demand outlook weakens
Brent Oil Futures set to expire in December decreased by 4.1 percent, closing at $72.97 a barrel
MENA
ADPF partners with Aldar for pensioner discounts, benefits via ‘Darna’
The Darna platform will offer pensioners and beneficiaries customized discounts and promotions
Economy
UAE signs two agreements with IMF to support PRGT, RST funds
At the October 2023 IMFC meeting in Marrakech, the UAE announced a $200 million co-financing initiative for the PRGT
Economy
Sheikh Hamdan calls for accelerating efforts to boost UAE’s position as global investment hub
Value of inward FDI in 2023 to the UAE amounted to $30.688 billion, compared to $22.737 billion in 2022, a growth of nearly 35 percent
Economy
Oil prices surge with notable weekly gains as traders react to supply concerns, mixed economic signals
Brent crude futures for December delivery rose 0.4 percent to $74.70 per barrel
Economy
Middle East economic confidence improves: Non-oil economies driving growth amid global volatility
New survey highlights marked improvements in the region’s Capital Expenditure and Employment indices
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