Even with crude exports rattled by the conflict around Iran and the Strait of Hormuz, key members of the OPEC+ alliance are leaning toward another measured increase in oil production for July, according to people familiar with the discussions. Seven heavyweight producers inside the group are expected to meet on June 7 and are likely …
OPEC+ Weighs Another Supply Increase as Gulf Conflict Clouds Oil Flows Read More »
Egypt’s central bank opted for caution on Thursday, leaving its benchmark interest rates unchanged as policymakers weighed slowing inflation against mounting geopolitical uncertainty across the region. The Central Bank of Egypt maintained the overnight deposit rate at 19% and the lending rate at 20%, signaling that officials remain wary of external shocks despite recent signs …
Egypt Keeps Borrowing Costs Frozen as Inflation Risks Linger Read More »
Brazil’s clean-fuel ambitions received a major financial lift after refinery operator Acelen, controlled by Abu Dhabi investment giant Mubadala Investment Company, secured $1.5 billion to kick off construction of a large-scale biofuels complex in Bahia. The funding package brings together a consortium of 10 financial institutions, with HSBC and the International Finance Corporation — the …
Mubadala-Backed Acelen Locks In $1.5 Billion for Bahia Biofuel Push Read More »
Saudi Arabia is preparing a major expansion of its real estate financing market, with plans to roll out property-backed sukuk worth as much as 150 billion riyals ($40 billion) by the end of the decade, according to local media reports. The proposed programme is expected to unfold gradually, with annual issuances estimated at around SAR20 …
Egypt is preparing a broad reset of its business regulatory framework, with officials promising quicker approvals, leaner bureaucracy and a more balanced environment for investors operating inside the country. At a gathering celebrating five decades of cooperation between Egypt and the International Finance Corporation, Investment and Foreign Trade Minister Mohamed Farid said Cairo’s reform agenda …
Egypt Moves to Rewrite Investment Rulebook With Faster Licensing Push Read More »
Qatar’s Islamic debt market saw another strong outing on Tuesday after the Qatar Central Bank rolled out government-backed Ijara sukuk worth QR4 billion ($1.09 billion) on behalf of the Ministry of Finance, attracting bids that far exceeded the amount on offer. Investor appetite came in forcefully, with subscriptions climbing to nearly QR11.4 billion, underscoring continued …
Qatar Draws Heavy Demand as Central Bank Launches $1.09 Billion Sukuk Sale Read More »
Dubai-listed Islamic insurer Salama opened 2026 with a sharp rebound in earnings, signaling that its restructuring efforts and recent capital injection are beginning to reshape the company’s financial footing. The insurer posted a first-quarter net profit of AED 14 million ($3.8 million), a dramatic leap from AED 500,000 recorded during the same period a year …
Salama’s Turnaround Gains Speed as Q1 Profit Jumps After Capital Boost Read More »
Fuel stations across the Gulf and Egypt are about to look far less like pit stops and far more like compact lifestyle hubs. ADNOC Distribution and Americana Restaurants International PLC have unveiled a regional partnership aimed at reshaping roadside retail in the UAE, Saudi Arabia and Egypt. The plan centers on rolling out as many …
ADNOC Distribution Turns Fuel Stops Into Fast-Food Hubs Across Three Countries Read More »
Saudi Arabia’s Public Investment Fund is sounding out potential investors for a minority stake in Newcastle United as the club weighs one of the biggest infrastructure decisions in its modern history — whether to overhaul St James’ Park or build an entirely new home. People familiar with the discussions said the sovereign wealth fund is …
PIF Explores Fresh Capital Push as Newcastle Eyes Billion-Pound Stadium Leap Read More »
Mal.ai has secured in-principle approval from the Central Bank of the UAE to move ahead with plans for a licensed banking operation in the Emirates, giving fresh momentum to the country’s fast-growing digital finance sector. The preliminary clearance follows what the company described as an extensive regulatory review process and pushes Mal Group closer to …
UAE’s New Digital Banking Challenger Clears First Regulatory Hurdle Read More »
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