Doha witnessed a bustling November at its key ports as cargo activity soared, signaling a strong pulse in Qatar’s maritime trade. Hamad, Ruwais, and Doha ports collectively recorded a striking 60% year-on-year jump in overall cargo throughput, according to Mwani Qatar’s latest figures. The trio of ports welcomed 272 vessels during the month, moving 117,941 …
Qatar Ports Ride a November Surge, Cargo Handling Jumps 60% Read More »
Gulf stock markets started Tuesday with cautious moves, reflecting the soft pulse of oil prices and investor eyes on upcoming U.S. economic data for hints on the Federal Reserve’s next steps. Oil hovered in a narrow range, with Brent crude futures up just 7 cents to $63.24 a barrel, as traders balanced risks from Ukrainian …
Gulf Markets Tread Water as Oil Struggles Near Multi-Month Lows Read More »
Cairo — Egypt’s latest auction of one-year, dollar-denominated treasury bills pulled in $961 million, the central bank announced Monday, slightly below the $980.5 million in bills coming due. The new bills carry an average yield of 3.75%, down from the 4.50% rate of the maturing notes, reflecting a notable softening in borrowing costs. The sale …
Egypt’s Dollar Bonds Draw $961 Million as Yields Dip Read More »
Riyadh is pivoting its economic playbook, aiming to lure Japanese companies into its ambitious growth orbit. The kingdom’s Public Investment Fund (PIF), valued at nearly $925 billion, is shifting gears from a decade-long emphasis on real estate toward sectors like logistics, mineral extraction, religious tourism, and artificial intelligence. “Japan has long been one of our …
Saudi Arabia Sets Sights on Japan to Fuel Next Wave of Investment Read More »
In Dubai’s heat-soaked energy arena, Saudi Arabia’s Prince Abdulaziz bin Salman stepped forward with something close to triumph in his voice: a fresh OPEC+ system for judging how much oil each member can truly pump. Not a patchwork fix, he insisted, but a clean-lined mechanism built to steady markets and reward those who actually pour …
OPEC+ Tries a New Playbook — and Riyadh Says It Could Calm the Oil Chessboard Read More »
Saudi Arabia just rolled out a renewable energy mega-move that reads less like a project list and more like a continent’s worth of clean power stitched together. A trio of heavyweight players — ACWA Power, the Public Investment Fund’s Badeel, and Aramco’s SAPCO — has locked in $8.2 billion to bring seven massive clean-energy sites …
Saudi Arabia Switches On Its Biggest Green Power Play Yet Read More »
Egypt’s economic engine kicked into a higher gear in the opening stretch of the 2025/26 fiscal year, clocking a 5.3% jump in GDP—an upswing from the more modest 3.5% pace seen a year earlier. The planning ministry credits the rebound to a sweeping wave of structural upgrades and policy resets that have begun to show …
Egypt’s Economy Finds Its Second Wind as Growth Surges Past Expectations Read More »
Bahrain’s Investcorp is stepping back from Shine, the European digital platform that streamlines company creation, invoicing, banking, and accounting for small and medium-sized businesses. The alternative investment firm will sell its majority stake to Cegid, a cloud and AI solutions provider backed by Silver Lake, through its subsidiary, Investcorp Technology Partners. Shine, formerly known as …
Investcorp Exits European SMB Platform Shine, Passing Baton to Cegid Read More »
Abu Dhabi’s Alpha Dhabi Holding has strengthened its grip on NMDC Group, snapping up a $436 million stake previously held by AD Ports Group. The deal adds 82.5 million shares—nearly 10% of NMDC’s total equity—to Alpha Dhabi’s portfolio, pushing its total ownership to a commanding 76.68%. NMDC, a powerhouse in energy, marine services, and EPC …
Alpha Dhabi Surges Past Three-Quarters Ownership in NMDC with $436 Million Stake Grab Read More »
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 »
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