Gulf markets opened the week in a cautious mood, showing little movement as investors balanced softening oil prices with anticipation of a U.S. Federal Reserve decision later this week. Saudi Arabia’s benchmark inched up 0.1%, buoyed by a 0.7% lift in Al Rajhi Bank, while newcomers like Consolidated Grunenfelder Saady Holding Co made a modest …
Gulf Stocks Drift as Oil Slips Ahead of Fed Decision Read More »
EFSIM Facilities Management Company has abruptly halted its plans to go public on the Saudi Exchange, stepping away from the spotlight just days after opening its book-building period. The decision comes after consultations with financial advisor EFG Hermes KSA, though the company offered no explanation for the sudden retreat. “The company remains focused on its …
EFSIM Facilities Pulls Back from Saudi IPO, Leaves Markets Guessing Read More »
Banks across the UAE, Saudi Arabia, and much of the Middle East are gearing up for a surge in credit growth next year, fueled by resilient economic momentum, according to Fitch Ratings. Despite the prospect of lower interest rates, lenders are expected to post solid earnings, supported by strong liquidity, stable asset quality, and capital …
Middle East Banks Poised for a Lending Boom in 2026 Read More »
Even as tariffs and economic jitters squeeze wallets, younger consumers are fueling growth for brands like Kate Spade and Honest Co, while artificial intelligence quietly reshapes operations behind the scenes. At a recent business conference in New York, leaders from Warby Parker, Tapestry, and The Honest Company highlighted how Gen Z and younger millennials are …
Next-Gen Shoppers and AI Keep Consumer Brands Buoyant Despite Tariffs Read More »
Cairo for Housing and Development Company reported a dramatic plunge in its consolidated net profits for the first nine months of 2025, tumbling 94% to EGP 66.82 million from EGP 1.16 billion a year earlier. Earnings per share (EPS) mirrored the steep drop, falling to EGP 0.06 from EGP 1.30. Despite the profit slump, the …
Cairo Housing Staggers as 9-Month Profits Collapse, Yet Q3 Shows Glimmers of Recovery Read More »
Turkey’s homegrown crypto heavyweight Paribu has pushed open a new door in the Middle East, seizing a majority stake in Bahrain- and Dubai-based CoinMENA in a deal that pegs the platform’s value at up to $240 million. It’s not just another acquisition—it’s the biggest fintech move Turkey has ever made, and its first venture into …
Paribu Plots a Bold New Map, Snapping Up CoinMENA in a Landmark Crypto Deal Read More »
Saudi Arabia closed the third quarter of 2025 with its trade engines humming, pushing total international commerce to nearly SR540.5 billion — an 8.6% climb over the same period a year earlier. The numbers land with the confidence of a nation steadily reshaping its global footprint, powered by both traditional strengths and evolving export corridors. …
Saudi Trade Rolls Higher: Kingdom Pushs Past $144 Billion Mark in a Strong Third Quarter Read More »
The latest Gulf Economic Update drops with a clear message: the UAE is not just cruising—it’s accelerating. A fresh forecast pins the nation’s real GDP growth at 4.8% in 2025, powered by a rare balance between what’s beneath the ground and what’s built above it. The wider Gulf picture glows with steady momentum—Saudi Arabia, Bahrain, …
UAE Poised for a 2025 Upswing as Digital Muscle and Diversification Reshape the Gulf Read More »
The UAE’s business heart beat a little faster in November, as the country’s non-oil private sector surged with its strongest momentum in nearly a year. The latest PMI reading — a crisp 54.8 — sketched a picture of firms hustling, customers spending, and order books thickening like winter fog over the Gulf. Companies across the …
Desert Engines Roar: UAE’s Non-Oil Sector Powers Ahead in a November Sprint Read More »
Gulf equities opened higher Thursday, buoyed by a rebound in oil prices and growing speculation that the U.S. Federal Reserve may trim interest rates next week. Investors are watching global cues closely, seeking hints on the Fed’s next move. Oil markets responded to renewed supply concerns after Ukrainian strikes targeted Russian oil infrastructure, while stalled …
Gulf Markets Climb as Oil Rallies and U.S. Rate Cut Buzz Builds Read More »
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