In a decisive pivot toward digital self-reliance, the Central Bank of the United Arab Emirates has inked a deal with Core42, a unit of Abu Dhabi’s AI heavyweight G42, to construct what it calls a Sovereign Financial Cloud Services Infrastructure. This is not just another IT upgrade. It is an attempt to redraw the digital …
Desert Data Fortress: UAE Central Bank Builds Sovereign Cloud With G42 Arm Read More »
A heavyweight consortium backed by Saudi Arabia’s sovereign wealth muscle has moved to sweep up $1.5 billion worth of debt issued by U.S. gaming giant Electronic Arts, tightening its grip ahead of a historic takeover. The buying vehicle, dubbed Oak-Eagle, brings together Saudi Arabia’s Public Investment Fund, global tech investor Silver Lake, and Affinity Partners. …
Desert Capital Circles EA’s Debt as $55 Billion Buyout Machine Roars On Read More »
Trading floors across the Gulf told different stories on Tuesday. In Riyadh, caution ruled. In Dubai, momentum lingered. Elsewhere, investors moved with one eye on oil flows and another on Washington. Saudi Arabia’s benchmark index retreated 0.6%, giving back recent gains as unease over public finances resurfaced. A widening quarterly budget deficit — driven by …
Oil, Budgets and Bank Stocks: Gulf Markets Split as Riyadh Slips Read More »
In downtown Cairo, the queue at Egypt Post is no longer just about parcels and pensions. It’s about profit — and participation. Clutching national IDs and savings books, ordinary Egyptians are lining up for something that once felt distant and institutional: government debt. The new 17.75% “Citizen Bond” has turned post offices into unlikely financial …
Post Office, Not the Bank: How Egypt’s 17.75% Citizen Bond Is Redrawing the Debt Map Read More »
The engines are roaring louder in Abu Dhabi. Etihad Airways has posted a near 50% leap in net profit, closing the year at $698 million — a performance powered by bigger fleets, busier cabins, and a widening global footprint. Behind the headline number is a year of aggressive scaling. Passenger traffic jumped 21%, carrying 22.4 …
Skyward Surge: Etihad’s Profit Climbs 50% as Ambitious Expansion Pays Off Read More »
Saudi Arabia’s deal tables are busy again. SNB Capital, the investment banking and asset management subsidiary of Saudi National Bank, has stepped into the market with plans to raise up to $500 million through a three-year loan facility. The structure is straightforward but flexible: a base size of $350 million, paired with a $150 million …
SNB Capital Tests Global Appetite with Fresh $500 Million Loan Play Read More »
Dubai’s skyline keeps stretching—and in the fast-evolving district of Al Jaddaf, a new residential address is staking its claim on the waterfront narrative. Azizi Developments has introduced Azizi David, part of what it calls the Jaddaf Beach Oasis concept—a project designed to fold resort-style ease into the rhythm of urban life. The pitch is simple: …
Beachside Calm Meets City Pulse: Azizi Unveils ‘David’ in Al Jaddaf Read More »
Radisson Hotel Group has planted a new flag in Ras Al Khaimah, unveiling the first Radisson Blu Hotel and Radisson Blu Residences in the fast-rising district of RAK Central. Developed in partnership with BNW Developments, the project blends hospitality, branded living, retail and entertainment into a single address designed to hum with activity from morning …
RAK Central Gets a New Skyline Signature with Radisson Blu Hotel & Residences Read More »
Energy titan Saudi Aramco is heading toward a fourth-quarter profit rebound on an annual basis, though momentum appears to have cooled compared with the previous quarter. Estimates from AlJazira Capital place Aramco’s net profit after minority interest at around 91.9 billion riyals — roughly $24.5 billion — for Q4 2025. That would mark a 5.9% …
Aramco Set for $25bn Quarter as Higher Output Softens Oil Price Dip Read More »
Abu Dhabi’s road-safety heavyweight is steering into the future. Emirates Driving Company PJSC, listed on the Abu Dhabi exchange under the ticker DRIVE, is set to acquire a 51% stake in UAE-based AI specialist Performise Labs. The majority acquisition signals a decisive pivot: from traditional driver training to a tech-powered mobility ecosystem. The company, which …
Emirates Driving Bets on AI as It Charts Course Toward ‘Emirates Mobility’ Read More »
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