Team Court Cast

Qatar’s financial sector is making a deeper push into education, with Lesha Bank moving to secure a controlling position in Sharaka Education Holdings in a transaction valued at nearly 192.5 million Qatari riyals ($53 million). The Doha-listed bank said the acquisition will be carried out through its subsidiary, LB for Educational Services WLL, which is …

Lesha Bank Expands Into Qatar’s School Sector With $53 Million Sharaka Deal Read More »

Stock markets across the Gulf traded higher on Thursday, with investors drawing confidence from a wave of upbeat corporate earnings and renewed speculation that tensions between Washington and Tehran could ease in the coming weeks. Saudi Arabia’s main index edged up 0.2%, helped by a strong rally in energy and technology-linked stocks. ACWA Power climbed …

Gulf Equities Advance as Earnings Cheer Markets, Iran Diplomacy Hopes Add Momentum Read More »

Even as conflict rattled Middle Eastern air corridors and fuel costs surged, Emirates managed to close its financial year with the strongest profit performance in its history, underlining the resilience of long-haul travel demand and Dubai’s role as a global aviation crossroads. The Dubai carrier reported a net profit after tax of $5.4 billion for …

Emirates Defies Regional Turbulence With Highest-Ever Annual Profit Read More »

The Middle East debt market may be navigating geopolitical turbulence, but investors still lined up eagerly for paper from the UAE’s biggest lender. First Abu Dhabi Bank locked in $700 million through a five-year sukuk deal on Wednesday, attracting orders that climbed beyond $1.5 billion before books closed. The Islamic issuance, structured under a Wakala …

FAB Draws Heavy Demand as Gulf Debt Market Finds Its Footing Again Read More »

Egypt’s push to revive its long-promised state privatisation programme has entered a faster, more demanding phase, with authorities giving a group of government-linked firms until the end of May to line up key advisers for potential stock market offerings. According to officials overseeing the programme, 12 state-owned companies that recently received temporary listings are now …

Cairo Tightens the Clock on State Listings as IPO Drive Faces Pressure Read More »