In a meeting that underscored Dubai’s growing influence in global finance, H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and UAE Minister of Finance, met with Georges Elhedery, Group CEO of HSBC Holdings, at the Dubai International Financial Centre (DIFC). The conversation centered on Dubai’s accelerating …
Dubai’s capital markets are running hotter than ever. The Dubai Financial Market (DFM) has posted a staggering 212% surge in net profit before tax, reaching AED 930.8 million ($253.5 million) for the first nine months of 2025 — a performance that underscores the city’s financial dynamism and rising global appeal. Total revenue climbed 138% year-on-year …
Emaar Properties founder Mohamed Alabbar is setting his sights eastward, hinting at a potential move into China’s vast real estate landscape — but only when the time is right. “I’m very interested in China, but it’s a different world. Let them recover first,” Alabbar remarked during a panel at the Future Investment Initiative conference in …
Emaar Eyes China as Alabbar Maps Out New Frontiers Beyond the Middle East Read More »
Abu Dhabi’s National Energy Company, TAQA, has closed the chapter on its Indian venture, selling off its entire ownership in TAQA Neyveli Power Company Private Limited for roughly $105 million (around 387 million dirhams). The buyer — MEIL Energy Private Limited, part of India’s Megha Engineering & Infrastructures Limited — now takes full control of …
TAQA Cuts Ties with Indian Power Plant, Fuels Push Toward Greener Horizons Read More »
In a coordinated response to Washington’s latest policy shift, several Gulf central banks trimmed their benchmark interest rates by 25 basis points, mirroring the U.S. Federal Reserve’s move to ease borrowing costs for the second time this year. The Fed’s decision—accompanied by dissent from two policymakers—came with a cautious note from Chair Jerome Powell, who …
Gulf Central Banks Follow Fed’s Lead, Trim Interest Rates to Spur Growth Read More »
Abu Dhabi-based NMDC Energy PJSC has powered through the first nine months of 2025 with a sharp financial upswing, reporting a net profit of AED951 million ($259 million) — up 5% year-on-year — on revenues that soared 33% to AED13 billion. The performance underscores the company’s growing influence across global energy markets and its mastery …
Saudi Arabia’s Capital Market Authority (CMA) has opened a new chapter in its push to attract global investors, approving sweeping amendments to the rules for opening investment accounts — a move designed to simplify access and expand participation in the kingdom’s rapidly growing capital markets. The revised framework, unveiled in CMA’s latest annual report, reflects …
Saudi Arabia Eases Investment Rules, Unlocks Main Market for Foreign Investors Read More »
Saudi Arabia’s financial engines are roaring this year, setting records across bond and equity markets as global capital floods in to bankroll the kingdom’s trillion-dollar transformation. Yet beneath the dazzling numbers, deep structural strains hint at a far more fragile reality. Bond issuance has led the charge. Seventy-six transactions have already been executed this year …
Saudi Arabia’s Record-Breaking Capital Markets Boom Masks a Race Against Time Read More »
Deutsche Bank is ramping up its investment banking presence across the Middle East and North Africa, riding a surge in sovereign and corporate debt activity that has turned 2025 into one of the busiest years yet for regional capital markets. The German lender’s deal flow in MENA has jumped 30% year-on-year, with momentum strongest in …
Deutsche Bank Deepens MENA Footprint as Regional Debt Boom Reshapes Capital Markets Read More »
Riyad Bank is powering through 2025 with profits on the rise and balance sheets swelling. The Saudi lender posted a 9.98% year-on-year increase in net earnings, reaching SAR 7.77 billion ($2.07 billion) in the first nine months of the year, up from SAR 7.06 billion a year earlier. Earnings per share nudged higher to SAR …
Riyad Bank Rides Growth Wave, Nine-Month Profits Cross $2 Billion Mark Read More »
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