A new chapter in Gulf connectivity is taking shape beneath regional waters as Ooredoo Group and UAE telecom operator du move ahead with plans to land the Fibre in the Gulf (FIG) subsea cable system in the UAE, deepening the region’s push to become a global digital transit hub. The FIG network is being positioned …
Gulf’s Biggest Data Highway Moves Closer as Ooredoo, du Join Forces on FIG Cable Read More »
ABU DHABI — ADNOC Distribution has deepened its footprint in the UAE’s industrial sector after signing fresh agreements with Emirates Global Aluminium (EGA) and Borouge worth more than AED60 million during the Make it in the Emirates exhibition. The partnerships place ADNOC Distribution at the center of a growing push toward locally produced industrial solutions, …
ADNOC Distribution Expands Industrial Push With Multi-Million Dirham UAE Supply Deals Read More »
HSBC has secured a new foothold in Saudi Arabia’s fast-expanding debt market after being named an International Primary Dealer by the Kingdom’s Ministry of Finance and the National Debt Management Center (NDMC). The designation allows the banking giant to serve as a bridge between overseas investors and Saudi government debt instruments denominated in local currency …
HSBC Lands Strategic Saudi Debt Role as Foreign Appetite for Kingdom Bonds Climbs Read More »
Ras Al Khaimah is tightening its grip on the UAE’s industrial ambitions with two fresh agreements that could reshape parts of its manufacturing landscape — one tied to retail production and another aimed at building a sprawling China-UAE industrial ecosystem. The deals were unveiled during the fifth edition of the Make it in the Emirates …
Missiles may be flying across the region, but inside Abu Dhabi’s financial district, the mood is strikingly different: expansion, recruitment and billion-dollar ambition. Global investment heavyweights are continuing to pour into Abu Dhabi Global Market (ADGM), brushing aside fears tied to the ongoing Iran conflict and instead treating the turbulence as background noise in a …
Abu Dhabi’s Financial Bet Holds Firm Even as Regional Tensions Escalate Read More »
Qatar’s financial sector is making a deeper push into education, with Lesha Bank moving to secure a controlling position in Sharaka Education Holdings in a transaction valued at nearly 192.5 million Qatari riyals ($53 million). The Doha-listed bank said the acquisition will be carried out through its subsidiary, LB for Educational Services WLL, which is …
Lesha Bank Expands Into Qatar’s School Sector With $53 Million Sharaka Deal Read More »
Stock markets across the Gulf traded higher on Thursday, with investors drawing confidence from a wave of upbeat corporate earnings and renewed speculation that tensions between Washington and Tehran could ease in the coming weeks. Saudi Arabia’s main index edged up 0.2%, helped by a strong rally in energy and technology-linked stocks. ACWA Power climbed …
Gulf Equities Advance as Earnings Cheer Markets, Iran Diplomacy Hopes Add Momentum Read More »
Even as conflict rattled Middle Eastern air corridors and fuel costs surged, Emirates managed to close its financial year with the strongest profit performance in its history, underlining the resilience of long-haul travel demand and Dubai’s role as a global aviation crossroads. The Dubai carrier reported a net profit after tax of $5.4 billion for …
Emirates Defies Regional Turbulence With Highest-Ever Annual Profit Read More »
The Middle East debt market may be navigating geopolitical turbulence, but investors still lined up eagerly for paper from the UAE’s biggest lender. First Abu Dhabi Bank locked in $700 million through a five-year sukuk deal on Wednesday, attracting orders that climbed beyond $1.5 billion before books closed. The Islamic issuance, structured under a Wakala …
FAB Draws Heavy Demand as Gulf Debt Market Finds Its Footing Again Read More »
Egypt’s push to revive its long-promised state privatisation programme has entered a faster, more demanding phase, with authorities giving a group of government-linked firms until the end of May to line up key advisers for potential stock market offerings. According to officials overseeing the programme, 12 state-owned companies that recently received temporary listings are now …
Cairo Tightens the Clock on State Listings as IPO Drive Faces Pressure Read More »
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