The UAE’s business heart beat a little faster in November, as the country’s non-oil private sector surged with its strongest momentum in nearly a year. The latest PMI reading — a crisp 54.8 — sketched a picture of firms hustling, customers spending, and order books thickening like winter fog over the Gulf. Companies across the …
Desert Engines Roar: UAE’s Non-Oil Sector Powers Ahead in a November Sprint Read More »
Gulf equities opened higher Thursday, buoyed by a rebound in oil prices and growing speculation that the U.S. Federal Reserve may trim interest rates next week. Investors are watching global cues closely, seeking hints on the Fed’s next move. Oil markets responded to renewed supply concerns after Ukrainian strikes targeted Russian oil infrastructure, while stalled …
Gulf Markets Climb as Oil Rallies and U.S. Rate Cut Buzz Builds Read More »
Abu Dhabi-based fintech Zelo, formerly eFunder, is turbocharging its mission to ease cash flow for small- and medium-sized businesses after securing $715 million from its parent, International Holding Company (IHC). Zelo’s model is straightforward but impactful: it transforms approved invoices from government bodies, major corporates, and regional giants into working capital within just one to …
Abu Dhabi’s Zelo Gets $715M Boost to Power SME Financing Surge Read More »
Abu Dhabi’s investment landscape is getting a new heavyweight. Aldar, the emirate’s largest property developer, has teamed up with Mubadala Capital to launch Aldar Capital, a real estate investment platform set to explore opportunities across the UAE and the wider GCC. The first fund, targeting $1 billion, is scheduled to launch next year and will …
Aldar and Mubadala Unveil $1 Billion Real Estate Venture for GCC Investors Read More »
Egypt’s non-oil private sector didn’t just turn a page in November—it cracked open a whole new chapter. After years of wavering momentum, business activity surged to its strongest pace in half a decade, according to new survey data that painted a cautiously upbeat portrait of the country’s economic pulse. The S&P Global Egypt PMI jumped …
Egypt’s Non-Oil Economy Flickers Back to Life With a Five-Year High Read More »
The mood across the major Gulf exchanges turned into a patchwork of gains and slips, as weakening oil prices tugged at sentiment and investors shifted their gaze toward key U.S. economic clues expected later in the week. Oil — the region’s financial metronome — sagged for a second straight session. With Russia-Ukraine talks stirring hopes …
Gulf Markets Drift as Oil Softens and Traders Brace for U.S. Signals Read More »
In a move that slipped into the global investment current with the quiet force of a deep tide, Mubadala Investment Company and Korea’s Glenwood Private Equity — joined by a circle of aligned co-investors — have completed their co-investment in NanoH2O Co., Ltd., marking the final tick of regulatory and closing requirements. NanoH2O, once the …
Saudi Arabia’s Dr. Soliman Abdulkader Fakeeh Hospital Company has stepped into expansion mode, sealing a binding deal to take just over half of Diagnostic Elite — the teleradiology and imaging specialist that’s been steadily stitching itself into the Kingdom’s healthcare network. The agreement hands the hospital group a 50.01% stake for 70 million riyals, a …
Saudi Arabia’s non-oil businesses kept their momentum in November, pushing forward with another month of expansion—even if the pace felt a touch less urgent than before. The latest purchasing managers’ index reading showed the private sector still humming with growth, supported by steady output and confident operations. But beneath that forward motion, the tempo of …
Saudi Firms Keep the Engines Running, but the Road Ahead Looks Less Rushed Read More »
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 »
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