Abu Dhabi-based NMDC Energy PJSC has powered through the first nine months of 2025 with a sharp financial upswing, reporting a net profit of AED951 million ($259 million) — up 5% year-on-year — on revenues that soared 33% to AED13 billion. The performance underscores the company’s growing influence across global energy markets and its mastery …
Saudi Arabia’s Capital Market Authority (CMA) has opened a new chapter in its push to attract global investors, approving sweeping amendments to the rules for opening investment accounts — a move designed to simplify access and expand participation in the kingdom’s rapidly growing capital markets. The revised framework, unveiled in CMA’s latest annual report, reflects …
Saudi Arabia Eases Investment Rules, Unlocks Main Market for Foreign Investors Read More »
Saudi Arabia’s financial engines are roaring this year, setting records across bond and equity markets as global capital floods in to bankroll the kingdom’s trillion-dollar transformation. Yet beneath the dazzling numbers, deep structural strains hint at a far more fragile reality. Bond issuance has led the charge. Seventy-six transactions have already been executed this year …
Saudi Arabia’s Record-Breaking Capital Markets Boom Masks a Race Against Time Read More »
Deutsche Bank is ramping up its investment banking presence across the Middle East and North Africa, riding a surge in sovereign and corporate debt activity that has turned 2025 into one of the busiest years yet for regional capital markets. The German lender’s deal flow in MENA has jumped 30% year-on-year, with momentum strongest in …
Deutsche Bank Deepens MENA Footprint as Regional Debt Boom Reshapes Capital Markets Read More »
Riyad Bank is powering through 2025 with profits on the rise and balance sheets swelling. The Saudi lender posted a 9.98% year-on-year increase in net earnings, reaching SAR 7.77 billion ($2.07 billion) in the first nine months of the year, up from SAR 7.06 billion a year earlier. Earnings per share nudged higher to SAR …
Riyad Bank Rides Growth Wave, Nine-Month Profits Cross $2 Billion Mark Read More »
In a move set to redefine the UAE’s mobility landscape, Multiply Group’s subsidiary, Emirates Driving Company (EDC), has completed the acquisition of a 22.5% stake in Mwasalat Holding — with an open road ahead to raise that share to a commanding 50.6%. The deal isn’t just a financial play; it’s a deliberate pivot toward shaping …
The International Monetary Fund painted an unexpectedly upbeat picture for the Middle East, North Africa, and Pakistan, projecting that regional economies will expand by 3.2% in 2025 and accelerate further to 3.7% in 2026 — a marked rise from last year’s 2.1% pace. Oil exporters, buoyed by increased production after the rollback of OPEC+ cuts, …
MENA and Pakistan Economies Defy Headwinds, Poised for 3.2% Growth in 2025: IMF Outlook Read More »
Dubai-based Islamic insurer Salama is taking bold steps to reset its financial footing. The Takaful provider, listed on the Dubai Financial Market, plans to raise up to 175 million dirhams ($48 million) through a Mandatory Convertible Sukuk issuance, following a shareholder-approved capital reduction. The restructuring aims to clear accumulated losses and cancel treasury shares, reinforcing …
Salama Charts a New Course with $48 Million Convertible Sukuk After Capital Shake-Up Read More »
Abu Dhabi’s sovereign-backed investment arm, Mamoura Diversified Global Holding (MDGH), has successfully priced a AED 1 billion ($272 million) five-year Reg S bond, offering investors a 4.20% coupon. The final pricing came in tighter than initial guidance of 4.45%, reflecting strong market interest. Investor demand was robust, with orderbooks exceeding AED 4.7 billion, even before …
Abu Dhabi’s Mamoura Secures AED 1 Billion Bond Amid Surging Investor Appetite Read More »
Abu Dhabi’s district cooling powerhouse, Tabreed, has unveiled the completion of its two largest-ever transactions, setting the stage for a significant leap in scale and operational strength. The company, in partnership with global investor CVC DIF, finalized the acquisition of PAL Cooling Holding from Multiply Group, following all regulatory approvals. Almost simultaneously, Tabreed sealed a …
Tabreed Supercharges Growth with Record-Breaking Deals Read More »
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