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Saudi Arabia’s Capital Market Authority has announced that foreign investors are now permitted to invest in listed companies owning real estate in Mecca and Medina. This policy change, effective immediately, allows non-Saudis to acquire…
India’s $32 billion gems and jewellery industry is facing a significant downturn following the United States’ imposition of a 26% reciprocal…
Abu Dhabi’s sovereign investor, ADQ, has solidified its position in the logistics sector by acquiring a majority stake in Dubai-listed courier…
Dubai’s ambitious Palm Jebel Ali project is witnessing a significant revival, positioning itself as a prime destination in the global luxury…
Iran’s national currency, the rial, has depreciated to an unprecedented low, trading at 1,039,000 rials per U.S. dollar on Tuesday. This…
The Central Bank of the United Arab Emirates has imposed financial sanctions totalling 2.62 million dirhams on five banks and two…
The United Arab Emirates has announced an unprecedented commitment to invest $1.4 trillion in the United States over the next decade,…
The United Arab Emirates property market is witnessing a notable influx of foreign institutional investors, marking a significant shift from its…
A major fire at an electrical substation in Hayes, west London, has led to the complete closure of Heathrow Airport, causing…
The United States Federal Reserve’s monetary policy decisions have a direct impact on the United Arab Emirates’ financial landscape, owing to…
The consulting industry in the Gulf Cooperation Council is projected to reach a valuation exceeding $8 billion this year, marking a…
Dubai’s Crown Prince, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has enacted Executive Council Resolution No. of 2025, enabling free…
Goldman Sachs has adjusted its oil price forecasts, citing a confluence of factors including escalating global supply and a decelerating U.S.…
Gold prices have soared past the $3,000 per ounce mark for the first time, reflecting investors’ flight to safety amid escalating…
Shareholders of Gulf Navigation Holding PJSC have approved the company’s AED 3.2 billion acquisition of Brooge Energy Limited , a NASDAQ-listed…
AIQ, a subsidiary of Presight, has secured a $340 million contract from Abu Dhabi National Oil Company to deploy its ENERGYai…
Abu Dhabi’s Mubadala Investment Company has finalized the sale of its indirect stake in Calisen, a leading UK provider of smart…
The Government of Ras Al Khaimah has successfully launched a $1 billion 10-year Regulation S benchmark sukuk, marking a significant development…
In a strategic move that underscores Egypt’s global cultural ambitions, Khaled El-Enany has emerged as the nation’s latest candidate for the…
Sukuk issuance is projected to decline in 2025 following a record-setting year in 2024, driven primarily by reduced refinancing needs from…
The Organization of the Petroleum Exporting Countries is grappling with increasing difficulties in managing its surplus oil production capacity, currently estimated…
Oil prices fell on Friday, heading for their first monthly decline since November, as global economic growth uncertainties and potential fuel…
High-net-worth individuals in the UAE and across the Gulf Cooperation Council are confronting a narrowing window of opportunity to secure permanent…
Saudi Basic Industries Corporation , a global leader in diversified chemicals, has unveiled plans to implement cost-cutting strategies and explore new…
Property owners in Dubai are bracing for a significant increase in service charges, with industry experts forecasting a rise of up…
International Holding Company , under the leadership of Chairman Sheikh Tahnoon bin Zayed Al Nahyan, has reported a remarkable 54.2% increase…
Dubai’s property market is projected to stabilise or experience a slight decline in prices over the next 12 to 18 months,…
Global oil prices have experienced a significant decline, with West Texas Intermediate crude falling nearly 3% to $70.40 per barrel, marking…