🇦🇪UAE Legal News

Saudi Arabia is sharpening its pitch to the world’s biggest contractors, inviting them to set up shop in the Kingdom as cranes swing and mega-projects rise across its desert skylines. At the Belt and Road Summit in Hong Kong, officials unveiled the International Contracting Office (ICO) — a new gateway designed to make it easier …

Saudi Arabia Rolls Out Red Carpet for Global Builders Amid Trillion-Dollar Boom Read More »

Lebanon’s cabinet has given Elon Musk’s satellite internet venture, Starlink, the green light to operate in the country—though with strict boundaries. The licence, confirmed by the state news agency, allows Starlink Lebanon to beam internet service across the nation, but only to businesses, not households. Telecommunications Ministry spokesperson Tony Saad revealed that Starlink formally set …

Lebanon Opens Its Skies to Starlink, but Only for Corporate Users Read More »

Two of the world’s heavyweight private equity players, Permira and Blackstone, are taking a $525 million minority stake in Property Finder, Dubai’s homegrown real estate classifieds giant. The deal reshuffles the investor line-up: longtime backer General Atlantic is trimming its position but staying on board as a key shareholder. For Property Finder, the move opens …

Permira and Blackstone Bet Big on Dubai’s Property Finder With $525 Million Deal Read More »

Saudi Arabia’s sovereign wealth machine, the Public Investment Fund (PIF), has once again flexed its financial muscle—this time through a $2 billion, 10-year bond that drew a tidal wave of demand topping $7.75 billion. Launched via its special-purpose arm, GACI First Investment Company, and guaranteed by PIF itself, the bond priced with a final coupon …

Saudi Sovereign Giant Pulls in $7.75 Billion Demand for $2 Billion Bond Read More »

From the skies above Riyadh, the city’s sprawl tells the story of an economy still pressing ahead. On the ground, Saudi Arabia’s non-oil private sector showed a touch more energy in August, edging higher after July’s pace. The Riyad Bank Purchasing Managers’ Index nudged up to 56.4 from 56.3, well clear of the 50 mark …

Saudi Arabia’s Non-Oil Economy Keeps Momentum Alive with Modest August Boost Read More »

The UAE’s non-oil economy pressed on in August, but the gears didn’t turn smoothly. Production gained pace, yet sales slipped to their weakest stretch in more than four years, leaving growth looking increasingly fragile. The latest purchasing managers’ index landed at 53.3—just above July’s 49-month low of 52.9. The reading still signals expansion, but the …

UAE’s Growth Engine Slows: Output Lifts but Sales Falter in August Read More »

Etihad Airways has billions mapped out for the skies ahead—but selling shares isn’t on the flight plan just yet. Speaking from Chicago, CEO Antonoaldo Neves made it clear the Abu Dhabi-based airline is in no hurry to go public. The company, he said, has enough financial muscle to power through its $20 billion expansion strategy …

Etihad Charts Its Own Course: Growth Fueled Without IPO Pressure Read More »

The spotlight turns to Cairo this week as the Central Bank of Egypt prepares for a decision that could reshape the country’s economic momentum. With inflation cooling and stability gradually taking root, the Monetary Policy Committee is expected to loosen its grip on interest rates, shifting from defense to growth. For months, Egypt has lived …

Egypt’s Central Bank Weighs Bold Rate Cut as Inflation Retreats, Growth Pressures Mount Read More »

From Riyadh’s skyline to the Kingdom’s balance sheets, Saudi Arabia’s growth story continues to hold strong. The Council of Economic and Development Affairs (CEDA) convened this week to examine a sweeping set of reports pointing to the nation’s fifth straight quarter of expansion, with non-oil activities powering much of the advance. The Ministry of Economy …

Saudi Arabia’s Economic Pulse: CEDA Charts Fifth Quarter of Momentum Read More »

Saudi Awwal Bank (SAB) has tapped global debt markets with a bold $1.25 billion Tier 2 green bond, locking in strong investor appetite and marking another milestone in the Kingdom’s sustainable finance drive. The deal, which carries a 10-year maturity, priced at a spread of 220 basis points over U.S. Treasuries—tighter than the initial guidance …

Saudi Awwal Bank Secures $1.25 Billion in Landmark 10-Year Green Bond Sale Read More »