Cairo — Egypt’s latest auction of one-year, dollar-denominated treasury bills pulled in $961 million, the central bank announced Monday, slightly below the $980.5 million in bills coming due. The new bills carry an average yield of 3.75%, down from the 4.50% rate of the maturing notes, reflecting a notable softening in borrowing costs. The sale …
Egypt’s Dollar Bonds Draw $961 Million as Yields Dip Read More »
Riyadh is pivoting its economic playbook, aiming to lure Japanese companies into its ambitious growth orbit. The kingdom’s Public Investment Fund (PIF), valued at nearly $925 billion, is shifting gears from a decade-long emphasis on real estate toward sectors like logistics, mineral extraction, religious tourism, and artificial intelligence. “Japan has long been one of our …
Saudi Arabia Sets Sights on Japan to Fuel Next Wave of Investment Read More »
In Dubai’s heat-soaked energy arena, Saudi Arabia’s Prince Abdulaziz bin Salman stepped forward with something close to triumph in his voice: a fresh OPEC+ system for judging how much oil each member can truly pump. Not a patchwork fix, he insisted, but a clean-lined mechanism built to steady markets and reward those who actually pour …
OPEC+ Tries a New Playbook — and Riyadh Says It Could Calm the Oil Chessboard Read More »
Saudi Arabia just rolled out a renewable energy mega-move that reads less like a project list and more like a continent’s worth of clean power stitched together. A trio of heavyweight players — ACWA Power, the Public Investment Fund’s Badeel, and Aramco’s SAPCO — has locked in $8.2 billion to bring seven massive clean-energy sites …
Saudi Arabia Switches On Its Biggest Green Power Play Yet Read More »
Egypt’s economic engine kicked into a higher gear in the opening stretch of the 2025/26 fiscal year, clocking a 5.3% jump in GDP—an upswing from the more modest 3.5% pace seen a year earlier. The planning ministry credits the rebound to a sweeping wave of structural upgrades and policy resets that have begun to show …
Egypt’s Economy Finds Its Second Wind as Growth Surges Past Expectations Read More »
Bahrain’s Investcorp is stepping back from Shine, the European digital platform that streamlines company creation, invoicing, banking, and accounting for small and medium-sized businesses. The alternative investment firm will sell its majority stake to Cegid, a cloud and AI solutions provider backed by Silver Lake, through its subsidiary, Investcorp Technology Partners. Shine, formerly known as …
Investcorp Exits European SMB Platform Shine, Passing Baton to Cegid Read More »
Abu Dhabi’s Alpha Dhabi Holding has strengthened its grip on NMDC Group, snapping up a $436 million stake previously held by AD Ports Group. The deal adds 82.5 million shares—nearly 10% of NMDC’s total equity—to Alpha Dhabi’s portfolio, pushing its total ownership to a commanding 76.68%. NMDC, a powerhouse in energy, marine services, and EPC …
Alpha Dhabi Surges Past Three-Quarters Ownership in NMDC with $436 Million Stake Grab Read More »
In a deal that reshapes the region’s industrial power map, two heavyweight players from the UAE’s energy universe — Abu Dhabi’s TAQA and Dubai-linked DUBAL Holding — are joining forces to scoop up the sprawling power and water generation empire long housed inside Emirates Global Aluminium. The price tag? A cool $1.9 billion, the kind …
Gulf Energy Giants Carve a New Power Realm with $1.9 Billion Mega-Swap Read More »
In a move that feels less like a contract signing and more like the tightening of two giant industrial cogs, ADNOC Gas has struck a sweeping multibillion-dollar deal with EMSTEEL—one of the region’s heavyweight producers of steel and building materials. The agreement, valued at up to $4.2 billion, charts a 20-year energy corridor beginning January …
Saudi Cable is rewiring its financial architecture once again—this time by plugging into the kingdom’s energetic debt circuit with a planned SAR300 million sukuk. The instrument, still in the design phase, may take the shape of either a Murabaha or Mudaraba, backed by a green light from the company’s board earlier this week. This sukuk …
Saudi Cable Plots Its Next Charge With a Fresh Sukuk Spark Read More »
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