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 »
GFH Partners, the real estate arm of Bahrain’s GFH Financial Group, has quietly pulled off a decisive play in the UAE property arena, snapping up a controlling stake in Devmark Real Estate Brokers. No fanfare, no financial breadcrumbs left behind—just a strategic stride meant to widen its footprint across one of the region’s most competitive …
GFH’s Real Estate Engine Roars Ahead with Bold Move into Devmark Read More »
Modon Holding has quietly slipped its reins into a new arena—this time across the Atlantic—by backing Wellington Lifestyle Partners, a U.S.-based venture built around equestrian-focused luxury living. No fanfare, no dollar signs revealed, just a firm step into a world where horses, high-end development, and lifestyle design meet. This marks Modon’s debut in an American …
Abu Dhabi’s Modon Saddles Up for a High-End American Ride Read More »
The Gulf’s financial engine is humming louder than ever, but this time it’s tuned for a digital leap. Across the region, Islamic finance is shedding its traditional skin as tokenised sukuk, blockchain rails, and AI-powered Shariah tools gather momentum—quietly but unmistakably reshaping how capital gets raised. Regional debt markets are already running hot, and forecasts …
GCC’s Digital Dawn: Sukuk Break Free From Paper and Step Onto the Blockchain Read More »
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 »
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