The Gulf’s trading floors opened the day in a half-step—one foot tapping to the rhythm of U.S. rate-cut whispers, the other planted firmly in local crosswinds. Hints from Washington have once again set the region’s pulse. A senior Fed official signaled that the U.S. job market has softened enough to make a December trim in …
Gulf Markets Drift as Traders Chase the Scent of a Possible U.S. Rate Cut Read More »
In Riyadh’s ever-shifting industrial chessboard, GAS Arabian Services has quietly made a decisive double move—snapping up strategic stakes in two engineering-focused firms at a bargain. The Tadawul-listed technical solutions player is set to invest 65.8 million riyals ($17.5 million) to deepen its reach across the kingdom’s energy and industrial services landscape. Its first acquisition: a …
GAS Arabian Services Scoops Up Discounted Stakes as It Expands Its Industrial Footprint Read More »
Ooredoo has nudged the doors of the public market a little wider. The telecom giant confirmed that the global secondary sale of shares recently offloaded by the Abu Dhabi Investment Authority has officially crossed the finish line. More than 160 million shares were ushered through an accelerated, fully marketed bookbuild — a fast-paced financial relay …
Ooredoo’s Market Horizon Widens as ADIA’s Share Sale Lands on the QSE Read More »
Cenomi Centers—Saudi Arabia’s powerhouse of lifestyle hubs—has once again stepped onto the financial stage with the confidence of a developer that knows its malls keep buzzing even on the slowest weekday. Fresh off a six-month run that saw more than a thousand leases renewed and over two hundred new brands pulled into its orbit, the …
Cenomi Centers Draws Heavy Market Heat as $500 Million Sukuk Snaps Into Place Read More »
The long-running courtship between Abu Dhabi’s energy titan and one of Germany’s heavyweight materials makers has finally cleared its last hurdle. Covestro revealed that Berlin’s economic gatekeepers have delivered their final approval, unlocking the final door in a €14.7 billion march toward full acquisition. With every condition now ticked, both sides are bracing for the …
A Green Light in Berlin: ADNOC’s Covestro Takeover Rolls Toward the Finish Line Read More »
First Abu Dhabi Bank has tossed a fresh marker into the bond markets, and investors swarmed like it was the last ship leaving the harbor. The bank rolled out a $1 billion perpetual AT1 note—non-callable for six years—and managed to land a pricing of 5.875%, shaving down its initial whisper range that hovered notably higher. …
FAB’s Billion-Dollar Signal Fire: A Perpetual Bet Draws a Global Crowd Read More »
Saudi Arabia’s DSFH has kicked open the door to its next phase of expansion, securing an Islamic financing package of 825 million riyals ($220 million) from Arab National Bank—fresh power for a growth push that spans the full breadth of the Fakeeh Care ecosystem. This financial boost arrives in a two-beat structure: a 450-million-riyals long-term …
Fakeeh Care Fires Up Its Next Leap with a Strategic Capital Surge Read More »
Abu Dhabi’s NMDC Energy has taken a decisive leap into the Asian arena, mapping out a wider presence with a double-pronged expansion that stretches from Taiwan’s project shores to Shanghai’s commercial corridors. The company revealed that it has launched two fresh outposts — a full branch in Taiwan and a new commercial hub in Shanghai …
Abu Dhabi’s NMDC Energy Plants New Flags Across Asia in a Strategic Eastward Push Read More »
Saudi Arabia has decided that “big” simply isn’t big enough. In its latest display of tech-powered ambition, the kingdom helped fuel a staggering $900 million liftoff for Luma AI—an American generative-intelligence startup now plugged directly into one of the most aggressive AI expansion plans on the planet. At the heart of this surge is HUMAIN, …
National Medical Care Company has tapped into a new wellspring of funding, locking in up to SAR 228.5 million ($60.9 million) through a Murabaha facility arranged with Saudi Awwal Bank. The move isn’t just another refinancing shuffle—it’s a calculated stride meant to lighten the company’s financing load over the next five years. This fresh backing …
A Fresh Pulse of Capital: National Medical Care Clinches SAR 228.5 Million Boost Read More »
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