UAE-listed companies had a strong 2Q despite the knock-on effects of the war, with combined net income across Abu Dhabi and Dubai jumping 28.6% y-o-y to USD 21.6 bn, according to Kamco Invest’s latest ...
The facility is expected to reach an initial capacity of 20k vehicles in 2027, with the company targeting 300k vehicles annually by 2030 ...
That gives the UAE more than a growth boost: S&P expects the extra barrels to support an average fiscal surplus of 3.5% of GDP and an average current account surplus of 13% of GDP over 2027-29. The ...
Mubadala Capital is backing Crusoe again as the US AI infrastructure startup raises more than USD 3 bn at a roughly USD 30 bn valuation, Bloomberg reports, citing people familiar with the matter.
Emerging-market bonds are shrugging off a selloff that's sent developed-market yields to multi-year highs. The US 30-year Treasury has climbed to its highest level since 2007, yet EM issuers have kept ...
The cost of that pressure campaign (and the ongoing war) is showing up at home. The UAE halted all trade, commercial exchange, and financial transactions with Iran days before Washington's sanctions ...
The UAE's non-oil private sector had its best month in almost two years in August — but the recovery comes with an asterisk. The headline S&P Global UAE PMI (pdf) climbed to 55.3 last month from 52.7 ...
Standard Chartered became the first major lender to offer BTC and ETH spot trading for institutional clients in the UAE, the bank said in a press release. Eligible institutional clients can now buy ...
After a failed attempt at retirement, the entrepreneur found her next act in turning waste into energy, and a business case for everything from ...
Luxhabitat is suing its former real estate partner for AED 439 mn (USD 119.5 mn), alleging Dubai Sotheby's International Realty hid revenue owed to it by routing income through another brokerage, ...
GCC equities bounce back in August: The MSCI GCC index, which tracks big and mid cap equities, rose 3.9% in August after a three-month losing streak as regional geopolitical tensions eased, according ...
BlackRock sees the GCC deploying USD 2.1 tn in capex through 2030 — ranging between USD 1.6-2.5 tn — with a growing share staying home, according to the BlackRock Investment Institute. It’s also set ...
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