The Federal Reserve pressed the rate-cut button for the first time in nine months, trimming its benchmark by a quarter of a percentage point and hinting that two more reductions are likely before the year closes. The move, aimed squarely at calming nerves over a softening job market, carried broad support across the central bank …
Fed Trims Rates, Signals More to Come — One Lone Voice Wanted a Deeper Cut Read More »
The ripple from Washington traveled swiftly across the Gulf on Wednesday. Hours after the U.S. Federal Reserve trimmed rates by 25 basis points, the region’s central banks moved in unison, pulling their own key rates lower. For Saudi Arabia, the heavyweight of the bloc, the repo rate slipped to 4.75% and the reverse repo to …
Gulf States Slash Interest Rates in Lockstep with U.S. Fed Read More »
VFS Global, the world’s largest visa outsourcing giant with roots in Zurich and Dubai, is gearing up to lock in fresh funding worth around $2 billion. The move isn’t about expansion—it’s about reshaping its balance sheet, refinancing older borrowings, and covering transaction costs. The financing is structured as a mix of U.S. dollar and euro …
Dubai’s VFS Global Targets $2 Billion Loan Package to Reshape Debt Load Read More »
Saudi Arabia has cemented its role as the beating heart of the Gulf’s debt markets, with recent multi-billion-dollar issuances underscoring its unmatched appetite for funding and investor confidence. September alone saw a flurry of deals—$5.5 billion in sovereign sukuk tied to Vision 2030, $3 billion raised by Aramco, and another $2 billion from the Public …
Markets across the Middle East swung between caution and optimism, with investors weighing U.S. interest rate cut hopes against the drag of softer oil prices and geopolitical unease. In Riyadh, the mood stayed heavy. Saudi Arabia’s benchmark slipped 0.4%, brushing against a two-year low as every sector closed in the red. Sulaiman Al Habib tumbled …
Saudi Arabia isn’t just building cities—it’s building an entire new economic future, and it wants the world’s top contractors to come along for the ride. At the Belt and Road Summit in Hong Kong, the Kingdom’s Ministry of Investment unveiled its International Contracting Office (ICO)—a central hub designed to welcome foreign contractors into one of …
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 »
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