Middle East
This extension builds upon previously agreed reductions of 3.66 million barrels per day announced in 2022 and 2023
Brent crude futures for July delivery rose 0.3 percent to $84.51 per barrel
The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment
E-commerce and retail sector retained its position as the leading industry in Saudi Arabia's venture landscape
SaaS spending is forecast to grow 20 percent to reach a total of $247.2 billion in 2024
Privatization of state-related entities to support the initial phase of regional IPO growth
Out of 535 homegrown startups identified, 14 were shortlisted to innovate next-gen beauty tech for L'Oréal Middle East
Brent crude oil futures for July delivery fell 0.1 percent to $81.31 per barrel
Brent crude oil futures expiring in July declined 0.7 percent to $81.35 per barrel
Brent crude oil futures expiring in July slid 0.6 percent to $82.40 per barrel
The dollar index rose 0.1 percent, making greenback-priced bullion less attractive to holders of other currencies
Brent oil futures expiring in July rose 0.3 percent to $84.19 per barrel
Economic returns of AI to reach $320 billion in the Middle East
$3.9 trillion is the estimated pipeline value of unawarded construction projects in MENA from 2024-28
The group revenues reached $3.7 billion, marking a 5.3 percent increase compared to the previous year
Notable market gains included MBC Group Co and Avalon Pharma
22 percent see leadership succession and turnover as their chief concern
Under the contract, Turnwell will be responsible for delivering 144 unconventional oil and gas wells
Market value of the Abu Dhabi Securities Exchange reached $754.7 billion in April
Air travel growth in Saudi Arabia is anticipated to remain significant
U.S. employment data supported gold prices, which rose over 2 percent by the end of last week
Brent oil futures expiring in July fell 0.3 percent to $83.53 per barrel
UAE's Parkin raised the highest proceeds, contributing 37.2 percent to total proceeds of MENA IPOs
