🇦🇪UAE Legal News

Egypt’s corporate debt market has reached a new milestone after EFG Corp-Solutions completed a record-breaking bond issuance worth EGP 5.1 billion (approximately $106 million), marking the largest corporate bond transaction ever recorded in the country. The fundraising exercise was carried out through a 13-month bond program backed by an A- credit rating. The issuance was …

Egypt’s Corporate Debt Market Hits New High as EFG Corp-Solutions Raises EGP 5.1 Billion Read More »

Saudi real estate developer Masqa Investment has unveiled the schedule for its upcoming public offering, with subscriptions set to open on June 17 and run through June 24 as the company advances toward a listing on Saudi Arabia’s Nomu parallel market. The offering stands out as one of the relatively few IPO transactions progressing in …

Saudi Property Developer Masqa Sets June Timeline for Nomu Market Debut Read More »

UAE telecom giant e& has agreed to sell a portion of its ownership in ride-hailing and delivery platform Careem to Uber Technologies in a cash transaction valued at $100 million, further reshaping the long-running partnership between the two companies. Under the binding agreement, e& will offload 12.5% of its stake in Careem from its current …

e& Trims Careem Holding in $100 Million Uber Deal, Keeps Strategic Footprint Read More »

A wave of cautious optimism swept through Gulf equity markets on Thursday, with investors returning to regional stocks after renewed signals that Washington and Tehran could be inching closer to a diplomatic breakthrough. Stronger crude prices added fuel to the rebound, helping most major bourses close in positive territory. Oil climbed sharply after reports emerged …

Gulf Markets Find Their Footing as Iran Diplomacy and Oil Rally Lift Mood Read More »

Even with crude exports rattled by the conflict around Iran and the Strait of Hormuz, key members of the OPEC+ alliance are leaning toward another measured increase in oil production for July, according to people familiar with the discussions. Seven heavyweight producers inside the group are expected to meet on June 7 and are likely …

OPEC+ Weighs Another Supply Increase as Gulf Conflict Clouds Oil Flows Read More »

Egypt’s central bank opted for caution on Thursday, leaving its benchmark interest rates unchanged as policymakers weighed slowing inflation against mounting geopolitical uncertainty across the region. The Central Bank of Egypt maintained the overnight deposit rate at 19% and the lending rate at 20%, signaling that officials remain wary of external shocks despite recent signs …

Egypt Keeps Borrowing Costs Frozen as Inflation Risks Linger Read More »

Saudi Arabia is preparing a major expansion of its real estate financing market, with plans to roll out property-backed sukuk worth as much as 150 billion riyals ($40 billion) by the end of the decade, according to local media reports. The proposed programme is expected to unfold gradually, with annual issuances estimated at around SAR20 …

Saudi Arabia Eyes $40 Billion Property Sukuk Push as Banks Face Vision 2030 Funding Strain Read More »

Egypt is preparing a broad reset of its business regulatory framework, with officials promising quicker approvals, leaner bureaucracy and a more balanced environment for investors operating inside the country. At a gathering celebrating five decades of cooperation between Egypt and the International Finance Corporation, Investment and Foreign Trade Minister Mohamed Farid said Cairo’s reform agenda …

Egypt Moves to Rewrite Investment Rulebook With Faster Licensing Push Read More »

Qatar’s Islamic debt market saw another strong outing on Tuesday after the Qatar Central Bank rolled out government-backed Ijara sukuk worth QR4 billion ($1.09 billion) on behalf of the Ministry of Finance, attracting bids that far exceeded the amount on offer. Investor appetite came in forcefully, with subscriptions climbing to nearly QR11.4 billion, underscoring continued …

Qatar Draws Heavy Demand as Central Bank Launches $1.09 Billion Sukuk Sale Read More »